Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2018shares | |
Document and entity information [abstract] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Dec. 31, 2018 |
Document Fiscal Year Focus | 2018 |
Document Fiscal Period Focus | FY |
Trading Symbol | ITCB |
Entity Registrant Name | CORPBANCA/FI |
Entity Central Index Key | 0001276671 |
Current Fiscal Year End Date | --12-31 |
Entity Well-known Seasoned Issuer | Yes |
Entity Current Reporting Status | Yes |
Entity Voluntary Filers | No |
Entity Filer Category | Large Accelerated Filer |
Entity Shell Company | false |
Entity Emerging Growth Company | false |
Entity Common Stock, Shares Outstanding | 512,406,760,091 |
Consolidated Statements of Fina
Consolidated Statements of Financial Position - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
ASSETS | ||
Cash and deposits in banks | $ 987,680 | $ 964,030 |
Cash items in process of collection | 318,658 | 157,017 |
Financial instruments at fair value through profit or loss | 96,943 | |
Financial instruments at fair value through other comprehensive income | 2,657,154 | |
Interbank loans at amortized cost | 341,244 | |
Loans and accounts receivable from customers at amortized cost | 20,714,370 | |
Financial instruments at amortized cost | 198,923 | |
Investments under resale agreements | 109,467 | 28,524 |
Financial derivative contracts | 1,368,957 | 1,248,775 |
Interbank loans, net | 341,244 | 70,077 |
Trading investments | 415,061 | |
Loans and accounts receivable from customers, net | 19,764,078 | |
Available for sale investments | 2,663,478 | |
Held to maturity investments | 202,030 | |
Intangible assets | 1,570,964 | 1,562,654 |
Property, plant, and equipment | 95,564 | 130,579 |
Current taxes | 123,129 | 238,452 |
Deferred taxes | 178,686 | 140,685 |
Other assets | 501,797 | 429,025 |
Other non-current assets held for sale | 59,802 | 18,308 |
TOTAL ASSETS | 29,323,338 | 28,032,773 |
LIABILITIES | ||
Deposits and other demand liabilities | 4,300,475 | 4,141,667 |
Cash in process of being cleared | 247,165 | 109,496 |
Obligations under repurchase agreements | 1,015,614 | 420,920 |
Time deposits and other time liabilities | 10,121,111 | 10,065,243 |
Financial derivative contracts | 1,112,806 | 1,095,154 |
Interbank borrowings | 2,327,723 | 2,196,130 |
Debt instruments issued | 6,010,124 | 5,950,038 |
Other financial liabilities | 12,400 | 17,066 |
Current taxes | 1,191 | 624 |
Deferred taxes | 471 | 26,354 |
Provisions | 214,903 | 117,889 |
Other liabilities | 521,795 | 463,435 |
Liabilities directly associated with non-current assets held for sale | 0 | 0 |
TOTAL LIABILITIES | 25,885,778 | 24,604,016 |
Attributable to equity holders of the Bank: | ||
Capital | 1,862,826 | 1,862,826 |
Reserves | 1,290,131 | 1,290,131 |
Valuation accounts | 16,159 | (4,735) |
Retained earnings: | 50,362 | 63,255 |
Retained earnings (accumulated losses) from prior years | (69,355) | 12,668 |
Net income for the year | 171,331 | 67,821 |
Less: Provision for mandatory dividends | (51,614) | (17,234) |
Total equity attributable to equity holders of the Bank | 3,219,478 | 3,211,477 |
Non-controlling interest | 218,082 | 217,280 |
TOTAL EQUITY | 3,437,560 | 3,428,757 |
TOTAL LIABILITIES AND EQUITY | $ 29,323,338 | $ 28,032,773 |
Consolidated Statements of Othe
Consolidated Statements of Other Comprehensive Income - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Profit or loss [abstract] | |||
Interest income | $ 1,739,317 | $ 1,646,329 | $ 1,509,203 |
Interest expense | (851,654) | (863,347) | (870,028) |
Net interest income | 887,663 | 782,982 | 639,175 |
Fee and commission income | 237,956 | 216,420 | 193,801 |
Fee and commission expense | (51,827) | (38,849) | (43,005) |
Net fee and commission income | 186,129 | 177,571 | 150,796 |
Net income from financial operations | 172,755 | 8,268 | 112,952 |
Net foreign exchange gain (loss) | (17,965) | 46,165 | (48,848) |
Other operating income | 26,656 | 41,532 | 19,447 |
Net operating profit before provision for loan losses | 1,255,238 | 1,056,518 | 873,522 |
Provision for loan losses | (279,798) | (315,417) | (245,990) |
NET OPERATING PROFIT | 975,440 | 741,101 | 627,532 |
Personnel salaries and expenses | (294,747) | (281,323) | (245,665) |
Administrative expenses | (291,736) | (305,622) | (235,204) |
Depreciation and amortization | (86,817) | (81,845) | (63,692) |
Impairment | (28) | (27) | (351) |
Other operating expenses | (68,199) | (62,330) | (71,715) |
Total operating expenses | (741,527) | (731,147) | (616,627) |
Operating income before income taxes | 233,913 | 9,954 | 10,905 |
Income taxes | (67,059) | 52,871 | 3,568 |
Consolidated income from continuing operations | 166,854 | 62,825 | 14,473 |
Loss from discontinued operations | (504) | ||
CONSOLIDATED INCOME FOR THE YEAR | 166,854 | 62,825 | 13,969 |
Attributable to: | |||
Equity holders of the Bank | 171,331 | 67,821 | 14,407 |
Non-controlling interest | $ (4,477) | $ (4,996) | $ (438) |
Earnings per share attributable to equity holders of the Bank (in Chilean pesos) | |||
Basic earnings per share | $ 0.334 | $ 0.132 | $ 0.035 |
Diluted earnings per share | $ 0.334 | $ 0.132 | $ 0.035 |
Consolidated Statements of Ot_2
Consolidated Statements of Other Comprehensive Income - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Statement of comprehensive income [abstract] | |||
CONSOLIDATED INCOME FOR THE YEAR | $ 166,854 | $ 62,825 | $ 13,969 |
OTHER COMPREHENSIVE INCOME (LOSS) WHICH MAY BE RECLASSIFIED SUBSEQUENTLY TO PROFIT OR LOSS: | |||
Financial instruments at FVTOCI | (959) | ||
Available for sale investments | 9,966 | 15,418 | |
Exchange differences on investment in Colombia and New York branch | 48,610 | (78,302) | (7,101) |
Gain (loss) from hedge of net investments in foreign operations | (36,533) | 49,197 | 13,458 |
Gain (loss) from cash flow hedge | 11,289 | (127) | (5,603) |
Other comprehensive income (loss) before income taxes | 22,407 | (19,266) | 16,172 |
Income taxes related to financial instruments at FVTOCI | (2,172) | ||
Income taxes related to available for sale investments | (3,333) | (4,025) | |
Income taxes related to hedge of net investment in foreign operations | 10,565 | (14,211) | (2,685) |
Income taxes related to cash flow hedge | (1,669) | 44 | 1,345 |
Income taxes on other comprehensive income (loss) | 6,724 | (17,500) | (5,365) |
Other comprehensive income (loss) which may be reclassified subsequently to profit or loss, net of income taxes | 29,131 | (36,766) | 10,807 |
OTHER COMPREHENSIVE INCOME (LOSS) WHICH MAY NOT BE RECLASSIFIED SUBSEQUENTLY TO PROFIT OR LOSS: | |||
Defined benefits obligations | (754) | (208) | (3,920) |
Income taxes related to defined benefits obligations | (44) | (6) | 1,090 |
Other comprehensive loss which may not be reclassified subsequently to profit or loss, net of income taxes | (798) | (214) | (2,830) |
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) FOR THE YEAR | 28,333 | (36,980) | 7,977 |
CONSOLIDATED COMPREHENSIVE INCOME FOR THE YEAR | 195,187 | 25,845 | 21,946 |
Attributable to: | |||
Equity holders of the Bank | 191,228 | 47,534 | 30,903 |
Non-controlling interest | $ 3,959 | $ (21,689) | $ (8,957) |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity - CLP ($) $ in Millions | Total | Number of shares issued [member] | Capital [Member] | Revaluation surplus [member] | Other equity interest [member] | Valuation Accounts [member] | Retained earnings [member] | Retained earnings1 [member] | Provision for mandatory dividends [member] | Total Attributable to Equity Holders of the Bank [Member] | Non controlling Interest [Member] |
Beginning Balance at Dec. 30, 2015 | $ 791,441 | $ 344,569 | $ 398,843 | $ (2,133) | $ (944) | $ 103,215 | $ (52,168) | $ 791,382 | $ 59 | ||
Beginning Balance at Dec. 30, 2015 | 115,039,690,651 | 115,040,000,000 | |||||||||
Statement [LineItems] | |||||||||||
Increase or decrease of capital and reserves | $ 392,813 | 392,813 | 52,168 | (52,168) | 392,813 | ||||||
Increase or decrease of capital and reserves (in units) | 57,009,000,000 | ||||||||||
Dividens paid | (52,168) | 52,168 | |||||||||
Elimination of legal capital Banco Itaú Chile | (737,382) | 737,382 | |||||||||
Legal capital Corpbanca before business combination | 781,559 | (781,559) | |||||||||
Increase of capital in Corpbanca | 401,424 | (401,424) | |||||||||
Fair value Corpbanca and subsidiaries | 2,218,541 | 679,843 | 1,290,831 | 1,970,674 | 247,867 | ||||||
Fair value Corpbanca and subsidiaries, (in units) | 340,358,000,000 | ||||||||||
Provision for mandatory dividends | (1,029) | (1,029) | (1,029) | ||||||||
Comprehensive income (loss) for the year | 21,946 | 16,496 | $ 14,407 | 30,903 | (8,957) | ||||||
Ending Balance at Dec. 31, 2016 | $ 3,423,712 | 1,862,826 | 451,011 | 843,097 | 15,552 | (1,121) | 14,407 | (1,029) | 3,184,743 | 238,969 | |
Ending Balance at Dec. 31, 2016 | 512,406,760,091 | 512,407,000,000 | |||||||||
Statement [LineItems] | |||||||||||
Distribution of income from previous year | 14,407 | (14,407) | |||||||||
Equity as of January 1, 2017, shares | 512,407,000,000 | ||||||||||
Dividends paid | $ 411 | (618) | 1,029 | 411 | |||||||
Other movements | (3,977) | (3,977) | (3,977) | ||||||||
Provision for mandatory dividends | (17,234) | (17,234) | (17,234) | ||||||||
Comprehensive income (loss) for the year | 25,845 | (20,287) | 67,821 | 47,534 | (21,689) | ||||||
Ending Balance at Dec. 31, 2017 | $ 3,428,757 | 1,862,826 | 451,011 | 839,120 | (4,735) | 12,668 | 67,821 | (17,234) | 3,211,477 | 217,280 | |
Ending Balance at Dec. 31, 2017 | 512,406,760,091 | 512,407,000,000 | |||||||||
Statement [LineItems] | |||||||||||
Distribution of income from previous year | 67,821 | (67,821) | |||||||||
Equity as of January 1, 2017 | $ 3,423,712 | 1,862,826 | 451,011 | 843,097 | 15,552 | 13,286 | (1,029) | 3,184,743 | 238,969 | ||
Equity as of January 1, 2017, shares | 512,407,000,000 | ||||||||||
Provision for mandatory dividends | (51,614) | (51,614) | (51,614) | ||||||||
Comprehensive income (loss) for the year | 195,187 | 19,897 | 171,331 | 191,228 | 3,959 | ||||||
Ending Balance at Dec. 31, 2018 | $ 3,437,560 | 1,862,826 | 451,011 | 839,120 | 16,159 | (69,355) | $ 171,331 | (51,614) | 3,219,478 | 218,082 | |
Ending Balance at Dec. 31, 2018 | 512,406,760,091 | 512,407,000,000 | |||||||||
Statement [LineItems] | |||||||||||
Distribution of income from previous year | $ (5,745) | (22,979) | 17,234 | (5,745) | |||||||
Equity as of January 1, 2017 | Increase (decrease) due to changes in accounting policy required by IFRSs [member] | (129,025) | 997 | (126,865) | (125,868) | (3,157) | ||||||
Equity as of January 1, 2017 | Revised For IFRS 9 [member] | 3,299,732 | $ 512,407 | 1,862,826 | 451,011 | 839,120 | (3,738) | (46,376) | (17,234) | 3,085,609 | 214,123 | |
Equity as of January 1, 2017 | $ 3,428,757 | $ 1,862,826 | $ 451,011 | $ 839,120 | $ (4,735) | $ 80,489 | $ (17,234) | $ 3,211,477 | $ 217,280 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | |||
Operating income before income taxes | $ 233,913 | $ 9,954 | $ 10,905 |
Debits (credits) to income that do not represent cash flows | |||
Depreciation and amortization | 86,817 | 81,845 | 63,692 |
Provisions for loans and accounts receivable from customers and interbank loans | 328,266 | 346,980 | 269,261 |
Provisions and write-offs for assets received in lieu of payment | 16,132 | 14,472 | 9,463 |
Provisions for contingencies | 1,998 | 586 | 8,952 |
Impairment | 28 | 27 | 351 |
Net gain on sale of loans and accounts receivable from customers | (1,602) | (15,121) | (18,863) |
Income received from FVTPL / Trading and derivative activities | (74,071) | 63,625 | 51,276 |
Income received from sale of FVTOCI / Available for sale | (13,765) | (13,641) | (7,998) |
Net interest income | (887,663) | (782,982) | (639,175) |
Fee and commission income | (237,956) | (216,420) | (193,801) |
Fee and commission expense | 51,827 | 38,849 | 43,005 |
Net foreign exchange gain (loss) | 17,965 | (46,165) | 48,848 |
Net gain on sale of property, plant and equipment | (5,212) | (13,020) | 34 |
Other charges (credits) that do not represent cash flows | 20,684 | 8,887 | 16,294 |
Subtotal | (462,639) | (522,124) | (337,756) |
Loans and accounts receivable from customers and interbank loans | (1,610,676) | 393,967 | 701,084 |
Investments under resale agreements | (80,943) | (10,784) | 45,113 |
Obligations under repurchase agreements | 594,694 | 47,041 | (428,466) |
Financial instruments at FVTPL / Trading investments | 326,131 | 207,263 | (165,957) |
Financial instruments at FVTOCI / Available for sale investments | 166,753 | (933,263) | 555,051 |
Financial instruments at amortized cost / Held to maturity investments | 3,120 | 24,392 | (60,038) |
Other assets and liabilities | (99,717) | 319,624 | (2,053) |
Penalty fee recover | 21,765 | ||
Time deposits and other time liabilities | 430,141 | (1,521,753) | (642,318) |
Deposits and other demand liabilities | 159,296 | (312,332) | (787,998) |
Foreign borrowings obtained | 2,741,786 | 3,911,800 | 3,570,163 |
Repayment of foreign borrowings | (2,636,867) | (3,839,035) | (3,953,640) |
Interest paid | (873,121) | (875,702) | (835,043) |
Interest received | 1,951,250 | 1,661,537 | 1,420,179 |
Net fee and commission income | 186,258 | 177,660 | 150,935 |
Taxes paid | (105,683) | (136,184) | (201,884) |
Repayment of other borrowings | (4,666) | (8,497) | (8,330) |
Proceeds from sale of assets received in lieu of payment | 10,638 | 3,762 | 2,060 |
Net cash flows provided by (used in) operating activities | 695,755 | (1,390,863) | (978,898) |
CASH FLOWS FROM INVESTMENT ACTIVITIES: | |||
Purchase of property, plant and equipment and intangible assets | (82,952) | (87,155) | (105,157) |
Sales of property, plant and equipment | 41,078 | ||
Cash and cash equivalents from CorpBanca integration | 1,694,231 | ||
Net cash flows provided by (used in) investing activities | (41,874) | (87,155) | 1,589,074 |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||
Debt instruments issued | 484,754 | 1,076,452 | 810,270 |
Redemption of debt issued | (911,047) | (726,232) | (276,131) |
Capital increase | 392,813 | ||
Dividends paid | (22,979) | (618) | (52,168) |
Net cash flows provided by financing activities | (449,272) | 349,602 | 874,784 |
Effect of changes in exchange rates | 83,354 | 86,761 | 6,176 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 287,963 | (1,041,655) | 1,491,136 |
Cash and cash equivalents at the beginning of the year | 1,075,089 | 2,116,744 | 625,608 |
Cash and cash equivalents at end of the year | 1,363,052 | 1,075,089 | 2,116,744 |
Net increase (decrease) in cash and cash equivalents | $ 287,963 | $ (1,041,655) | $ 1,491,136 |
General Information and Summary
General Information and Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
General Information and Summary of Significant Accounting Policies | General Information – Background of Itaú Corpbanca and subsidiaries Itaú Corpbanca (the “Bank”) is a corporation incorporated under the laws of the Republic of Chile and regulated by the Superintendency of Banks and Financial Institutions (SBIF) as a consequence of the merger of Itaú Chile and Corpbanca (the latter is the legal successor) which was consummated on April 1, 2016, the date on which the Bank was renamed “Itaú Corpbanca” 1 The current ownership structure is 38.14% owned by Itaú Unibanco, 28.57% owned by CorpGroup (Saieh Family) and 33.29% owned by minority shareholders. Itaú Unibanco is the sole controlling shareholder of the merged bank. Within this context and without limiting the above, Itaú Unibanco and CorpGroup have signed a shareholders’ agreement relating to corporate governance, dividend policy (based on performance and capital metrics), transfer of shares, liquidity, and other matters. Itaú Corpbanca is headquartered in Chile and has operations in Colombia and Panama. In addition, Itaú Corpbanca has a branch in New York and representative offices in Madrid and Lima. The Bank has total consolidated assets for MCh$29,323,338 (MMUS$42,208) and total equity attributable to holders of the Bank for MCh$3,219,478 (MMUS$4,634). The legal address of Itaú Corpbanca is Rosario Norte N° 660, Las Condes, Santiago, Chile, and its web site is www.itau.cl The Consolidated Financial Statements as of December 31, 2018, were approved by the Board of Directors on April 24, 2019. Significant Accounting Policies and Others a) Accounting period The Consolidated Financial Statements are referred as of December 31, 2018 and 2017 and comprise the years ended December 31, 2018, 2017 and 2016. b) Basis of preparation of the Consolidated Financial Statements These Consolidated Financial Statements have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS-IASB”). The Bank had a significant accounting change due to IFRS 9 adoption. Please see new accounting policies in letters k) and u) in this section and Note 2 “Accounting changes”. Notes to these Consolidated Financial Statements contain information additional to that disclosed in the Consolidated Statements of Financial Position, Consolidated Statements of Income, Consolidated Statements of Other Comprehensive Income, Consolidated Statements of Changes in Equity, and Consolidated Statements of Cash Flows. 1 The business combination was a “reverse acquisition” as established in IFRS 3, “ Business Combinations c) Consolidation criteria These Consolidated Financial Statements comprise the preparation of the Financial Statements of the Bank and the controlled entities which participate in the consolidation as of December 31, 2018 and 2017 and for the years ended December 31, 2018, 2017 and 2016, and include the necessary adjustments and reclassifications to standardize the accounting policies and valuation criteria applied by the Bank, in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS-IASB”). Intercompany balances and any unrealized income or loss arising from intercompany transactions are eliminated upon consolidation during the preparation of the Consolidated Financial Statements. (i) Controlled entities The Bank, regardless of the nature of its involvement with an entity (the investee), shall determine whether it is a parent by assessing whether it controls the investee. The Bank controls an investee when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Thus, the Bank controls an investee if and only if has all the following: 1) Power over the investee, which is related to the existing rights that give the Bank the current ability to direct the relevant activities, these being those that significantly affect the investee’s returns; 2) Exposure, or rights, to variable returns from its involvement with the investee; 3) Ability to use its power over the investee to affect the amount of the Bank’s returns; When the Bank has less than a majority of the voting rights over an investee, but such voting rights are sufficient to have the actual ability to direct the relevant activities, then it will be concluded that the Bank has control over the investee. The Bank considers all relevant factors and circumstances when assessing if the voting rights are sufficient to obtain control, these include: • The amount of voting rights held by the Bank in relation to the amount and dispersion of those held by other vote holders. • Potential voting rights held by the Bank, other voting holders or other parties. • Rights that arise from other contractual agreements. • Any additional facts and circumstances that indicate that the Bank has, or does not have, the current ability to direct the relevant activities at the time those decisions need to be made, including the patterns of voting behavior in previous shareholders meetings. The Bank reassesses whether or not it has control over an investee when facts and circumstances indicate that there are changes in one or more of the control elements listed above. The financial statements of the controlled companies are consolidated by combining like items of assets, liabilities, equity, income, expenses and cash flows of the parent with those of its subsidiaries; offsetting (eliminate) the carrying amount of the parent’s investment in each subsidiary and the parent’s portion of equity of each subsidiary, and; by eliminating in full intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between entities. Therefore, the Consolidated Financial Statements refer to assets, liabilities, equity, income, expenses, and cash flows of the parent and its subsidiaries presented as if they were a single economic entity. The Bank prepares Consolidated Financial Statements using uniform accounting policies for transactions and other events that, being similar, have occurred in similar circumstances. The Bank attributes income for the year and each component of other comprehensive income to owners of the Bank and to the non-controlling non-controlling non-controlling The following are the entities controlled by Itaú Corpbanca: Ownership percentage Market Country Functional As of December 31, As of December 31, Direct Indirect Total Direct Indirect Total % % % % % % Itaú Corredores de Bolsa Limitada (ex - CorpBanca Corredores de Bolsa National Chile $ 99.990 0.010 100.000 99.990 0.010 100.000 Itaú Administradora General de Fondos S.A. (ex - Itaú Chile Administradora General de Fondos S.A.) (1) (7) (14) Chile $ 99.994 0.006 100.000 99.988 0.006 99.994 CorpBanca Administradora General de Fondos S.A. (1) (7) Chile $ — — — — — — Itaú Corredores de Seguros S.A. (ex-Corpbanca Chile $ 99.900 0.100 100.000 99.990 0.010 100.000 Itaú Chile Corredora de Seguro Ltda. (1) (8) Chile $ — — — 99.900 0.100 100.000 Itaú Asesorías Financieras S.A. (2) Chile $ 99.990 0.010 100.000 99.990 0.010 100.000 CorpLegal S.A. (2) Chile $ 99.990 0.010 100.000 99.990 0.010 100.000 Recaudaciones y Cobranzas Limitada (Ex- Chile $ 99.999 0.001 100.000 99.999 0.001 100.000 Itaú Corpbanca New York Branch (2) (10) Foreign USA US$ 100.000 — 100.000 100.000 — 100.000 Corpbanca Securities Inc (2) (11) USA US$ — — — — — — Itaú Corpbanca Colombia S.A. (Ex-Banco Colombia COP$ 66.279 — 66.279 66.279 — 66.279 Itaú Corredor de Seguro Colombia S.A. (Ex-Helm Colombia COP$ 80.000 — 80.000 80.000 — 80.000 Itaú Securities Services Colombia S.A. Sociedad Fiduciaria (Ex-CorpBanca Colombia COP$ 5.499 62.634 68.133 5.499 62.634 68.133 Itaú Comisionista de Bolsa Colombia S.A (Ex-Helm Colombia COP$ 2.219 64.807 67.026 2.219 64.807 67.026 Itaú Asset Management Colombia S.A. Sociedad Fiduciaria (Ex-Helm Colombia COP$ — 66.266 66.266 — 66.266 66.266 Itaú (Panamá) S.A. (Ex-Helm Panama US$ — 66.279 66.279 — 66.279 66.279 Itaú Casa de Valores S.A (ex-Helm Panama US$ — 66.279 66.279 — 66.279 66.279 (1) Companies regulated by the Chilean Financial Market Commission, hereinafter CMF (formerly Superintendency of Securities and Insurance – SVS) (2) Companies regulated by the Superintendency of Banks and Financial Institutions (SBIF) of Chile. (3) Companies regulated by the Colombian Financial Superintendency (SFC), which has entered into a supervision agreement with the SBIF. (4) Company regulated by the Superintendency of Banks of Panama. (5) Company regulated by the Superintendency of the Securities Market of Panama. (6) On January 1, 2017, the merger of Corpbanca Corredores de Bolsa S.A. and Itaú BBA Corredor de Bolsa Ltda. took place, by which the latter absorbed the first, and its new corporate name is Itaú Corpbanca Corredores de Bolsa S.A. (7) On December 29, 2017, the merger of Corpbanca Administradora General de Fondos S.A. and Itaú Chile Administradora General de Fondos, took place, by which the latter absorbed the first and its new corporate name is Itaú Administradora General de Fondos S.A. (8) On April 1, 2018, the merger of Corpbanca Corredores de Seguros S.A. and Itaú Chile Corredora de Seguros Limitada took place, by which the latter absorbed the first, and its new corporate name is Itaú Corpbanca Corredores de Seguros S.A. (9) On November 5, 2018, Itaú Corpbanca Recaudaciones y Cobranzas S.A. changed its legal name to Recaudaciones y Cobranzas Limitada. (10) Company regulated by the Office of the Comptroller of the Currency (OCC) and the Federal Reserve (FED). (11) On December 18, 2017, the dissolution of the branch located in New York was authorized. (12) On July 4, 2018, Itaú Asesorías Financieras S.A. acquired 2 shares of the company to minority shareholders, therefore Itaú Corpbanca and subsidiaries controls, directly and indirectly, 100% of the company’s shares. (13) On September 10, 2018, Itaú Corpbanca acquired 127,901 shares of the company to minority shareholders, therefore Itaú Corpbanca controls, directly and indirectly, 100% of the company´s shares. (14) On December 10, 2018, Itaú Corpbanca acquired 1 share from a minority investor, with what passes and directly controls 100% of the entity. (15) On August 1, 2018, the corporate name of Itaú Corpbanca Corredores de Bolsa S.A. was changed to Itaú Corredores de Bolsa Limitada. (i) Funds management, trust business and other related businesses The Bank and its subsidiaries manage assets held in publicly offered investment funds and other investment vehicles on behalf of investors and receive market-rate compensation for providing this type of services. Managed funds belong to third parties and, therefore, are not included in the Consolidated Statement of Financial Position. The Bank provides trust commissions and other fiduciary services that result in the participation or investment of assets by clients. Assets held in a fiduciary activity are not reported in the Consolidated Financial Statements, since they are not Bank assets and there is no control over them. Contingencies and commitments arising from this activity are disclosed in Note N°22 “Contingencies, Commitments, and Responsibilities”, letter c), related to Responsibilities recorded in off-balance-sheet In accordance to IFRS 10 “ Consolidated Financial Statements • Scope of its decision-making authority over the investee. • Rights held by other parties • The remuneration to which it is entitled to in accordance with the remuneration agreements. • Decision-maker’s exposure to variability of returns from other interests that it holds in the investee. The Bank does not control or consolidate any trusts or other entities related to this type of business. The Bank manages the funds on behalf and for the benefit of investors, acting solely as an Agent. The assets managed by the Bank and its subsidiaries are owned by third parties. Under this category, and in accordance with the aforementioned standard, they do not control the assets when they exercise their decision-making authority. Therefore, as of December 31, 2018 and 2017 they act as Agent and none of these investment vehicles is consolidated. d) Non-controlling Non-controlling non-controlling e) Business combination and goodwill Business combinations are accounted for using the acquisition method. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the Bank, liabilities incurred by the Bank to the former owners of the acquiree and the equity interests issued by the Bank in exchange for control of the acquiree. Acquisition costs incurred are expensed and included in administrative expenses. When Itaú Corpbanca and its subsidiaries (the Group) acquires a business, evaluates the identifiable assets acquired and liabilities assumed to determine proper classification and designation based on contractual conditions, economic circumstances, and other relevant conditions as of the acquisition date. This includes the separation of embedded derivatives in host contracts by the acquiree. Goodwill, defined as the difference between the consideration transferred and the amount recognized for the non-controlling After initial recognition, goodwill is measured at cost less any accumulated impairment losses. Goodwill acquired in a business combination is assigned, from the date of acquisition, to each of the Group’s cash generating units (CGU) that are expected to benefit from the combination, independently of whether other assets or liabilities of the acquiree are assigned to those units. When goodwill is allocated to a CGU and an operation within that unit is sold, the goodwill associated with that operation is included in the carrying amount of the operation sold when determining the gain or loss on disposal. Goodwill that is derecognized under such circumstances is measured on the basis of the relative values of the operation disposed of and the retained portion of the CGU. f) Functional and presentation currency The Bank has defined as its functional and presentation currency the Chilean peso, which is the currency of the primary economic environment in which the Bank operates and the currency that influences its costs and revenue structure. Therefore, all balances and transactions denominated in currencies other than the Chilean peso are treated as “foreign currency”. The Bank translates accounting records of its subsidiaries in New York and in Colombia into Chilean pesos from US dollars and Colombian pesos, respectively, in accordance with IAS 21 “Effects of the Variations in the Exchange Rates of the Foreign Currency” g) Foreign currency Transactions in foreign currency are initially recorded by the Bank at the exchange rates of their respective functional currencies at the date these transactions first meet the conditions for their recognition. Monetary assets and liabilities denominated in foreign currency are converted at the closing exchange rate of the functional currency in force at the closing date of the reporting period. All differences arising from the settlement or conversion of monetary items are recorded in income, except for those that correspond to monetary items that are part of the hedge of a net investment in a foreign operation, for which the cumulative difference is recorded in equity and subsequently reclassified to profit and loss (on disposal). Tax effects attributable to the exchange differences on such monetary items are also recorded in Other Comprehensive Income. Non-monetary Non-monetary non-monetary The Bank grants loans and receives deposits in amounts denominated in foreign currency, mainly in US dollars and Colombian pesos. The balances of the Financial Statements of the consolidated entities whose functional currency is different from the Chilean peso are converted to the presentation currency, according to the following: • Assets and liabilities, by using exchange rates as of the date of the Consolidated Financial Statements. • Income and expenses and cash flows, by using the exchange rates as of the date of each transaction. Exchange differences arising from translating balances in functional currencies of the consolidated entities other than Chilean pesos into Chilean pesos, are recorded as “Exchange differences” in Equity under the line item “Valuation accounts”, until they meet the derecognition criteria for the Consolidated Statement of Financial Position, and is subsequently recorded in profit or loss. The net amount of foreign exchange gains and losses includes the recognition of the effects of changes in the exchange rate over assets and liabilities denominated in foreign currencies and gains and losses arising from exchange rate changes affecting current and future transactions (highly probable transactions) entered into by the Bank. Assets and liabilities in foreign currencies are shown at their equivalent amount in pesos, calculated using the exchange rate of $694.73 per US$1 (US dollar) as of December 31, 2018 ($614.48 as of December 31, 2017 and $669.81 as of December 31, 2016) and the exchange rate of $0.2139 per COP$1 (Colombian peso) as of December 31, 2018 ($0.2058 as of December 31, 2017 and $0.2231 as of December 31, 2016). The financial statements of the New York branch, as well as the Colombian subsidiaries, have been translated using these exchange rates for consolidation purposes, in accordance with IAS 21, related to the valuation of investments abroad in countries with stable economy. h) Use of estimates and judgments The preparation of the Consolidated Financial Statements requires Bank’s management to make estimates, judgments and assumptions that affect the application of the accounting policies and the reported balances of assets and liabilities, disclosures of contingencies with respect to assets and liabilities as of the date of the Consolidated Financial Statements, as well as income and expenses during the year. Actual results may differ from these estimates. Estimates and relevant assumptions are regularly reviewed by Management in order to properly measure some assets, liabilities, income, and expenses. Accounting estimates changes due to reviews are recognized in the year in which the estimate is reviewed and in any future period affected. In certain cases, International Financial Reporting Standards requires that assets and liabilities be recorded or disclosed at their fair values. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction in the principal (or most advantageous) market at the measurement date under current market conditions (i.e. an exit price) regardless of whether that price is directly observable or estimated using another valuation technique. When market prices in active markets are available, they have been used as a basis for valuation. When market prices in active markets are not available, the Bank has estimated those values as values based on the best available information, including the use of modeling and other valuation techniques. In particular, information on most significant areas of estimate due to uncertainties and critical judgments in the application of accounting policies that have the most important effect on the amounts recorded in the Consolidated Financial Statements are the following: • Useful lives of property, plant and equipment and intangible assets (Notes 12, 13, and 30). • Goodwill - Impairment test (Notes 12 and 30). • Allowances for loan losses (Notes 9, 10 and 27). • Fair value of financial assets and liabilities (Note 33). • Provisions (Note 19). • Contingencies and commitments (Note 21). • Impairment losses of certain assets (Notes 12, 13, and 30). • Current taxes and deferred taxes (Note 14). • Perimeter of consolidation and control assessment for consolidation purposes (Note 1, letter c). During the year ended December 31, 2018, there have been no significant changes compared with the prior period, other than those indicated in these Consolidated Financial Statements (see Note 2). i) Operating segments The Bank provides financial information for each operating segment in conformity with IFRS 8 “Operating Segments” • Better understand the Bank’s performance. • Better evaluate its future cash flow projections. • Form better opinions regarding the Bank as a whole. To comply with IFRS 8, Itaú Corpbanca identifies operating segments (Chile and Colombia) used by the Executive Committee to analyze and make decisions regarding operating, financing and investment matters, based on the following elements: (1) The nature of the products and services; (2) The nature of the processes; (3) The type or class of customer for their products and services; (4) The methods used to distribute their products or provide their services; and (5) If applicable, the nature of the regulatory environment, for example, banking, insurance or public utilities. The Executive Committee manages these segments using an in-house More information on each segment is presented in Note 4 Reporting Segments j) Operations with repurchase and resale agreements Transactions with resale agreements are entered into as a form of investment. Under these agreements, financial instruments are sold, which are included as assets under “Investments under resale agreement”, which are valued according to the effective interest rate of the agreement. There are also sales transactions with a repurchase agreement as a form of financing. In this regard, the investments that are sold subject to a repurchase obligation and that serve as collateral for the loan, form part of the investment items of “Financial instruments at fair value through profit or loss” or “Financial instruments at fair value through profit or loss”. The obligation to repurchase the investment is classified in the liability as “repurchase agreements and securities loans”, recognizing interest and adjustments accrued as of the closing date. k) Classification and measurement of financial instruments – under IFRS 9 (first adoption) Financial instruments must be classified and measured in accordance with IFRS 9 starting from January 1, 2018, which established guidance for the financial reporting of financial assets and financial liabilities that will present relevant and useful information to users of financial statements for their assessment of the amounts, timing and uncertainty of an entity’s future cash flows. I. Classification of financial instrument i) Classification of financial assets Financial assets are classified into a measurement category based on both the Bank’s business model for managing the financial asset and the contractual cash flow characteristics of the financial asset. Contractual cash flow assessment determine if the cash flows from the financial asset meet the SPPI (solely payment of principal and interest) criterion, i.e. whether the contractual terms of the financial asset give rise, on specific dates, to cash flows that are solely payments of principal and interest. Principal is the fair value of the financial assets at initial recognition, and interest is the consideration for the time value of money, the credit risk associated with the principal outstanding, and also may include liquidity risk, administrative cost and profit margin. For classification process the Bank perform the SPPI test, which assesses the contractual term to identify whether they meet SPPI criterion, the contract is a basic lending arrangement. The Bank applies judgment and considers relevant factors such as currency in which the financial asset is denominated, and period for which the interest rate is set. Business model refers to how the Bank manages its financial assets in order to generate cash flows. The Bank determined its business model on initial application of IFRS 9 at the level that best reflects how it manages groups of financial assets to achieve its business objective. The Bank’s business model represents how financial assets are managed to generate cash flows and does not depend on the Management’s intention regarding an individual instrument, but at a higher level of aggregated portfolio and is based on observable factors such as: risks that affect the performance of business model; how business managers are compensated; how the performance of business model is assessed and reported to Management. In addition, the Banks’s business model is not assessed on an instrument-by- In accordance with IFRS 9 the business models are: • Held to collect business model (HTC) - financial assets that are held within a business model whose objective is to hold assets in order to collect contractual cash flows are managed to realize cash flows by collecting contractual payments over the life of the instrument, under this business model sales made when there is an increase in the credit risk, or to manage credit concentration risk are not inconsistent with a business model whose objective is to hold financial assets to collect contractual cash flows. • Held to collect and sell (HTC&S) - financial assets under this business model achieve the objective by both collecting contractual cash flows and selling financial assets, then involve a greater frequency and value of sales than HTC business model. • Other business model - financial assets held in this business has the objective of realizing cash flows through the sale of the assets. The Bank makes decisions based on the assets’ fair values and manages the assets to realize those fair values. ii) Reclassification Reclassification of financial assets is required if, and only if, the objective of the Bank’s business model for managing those financial assets changes. Financial liabilities cannot be reclassified. II. Measurement of financial instruments i) Initial measurement On initial recognition, financial assets and financial liabilities are measured at the transaction price, i.e. the fair value of the consideration given or received (IFRS 13). In the case of financial instruments not at fair value through profit or loss, transaction costs of financial assets and financial liabilities carried at fair value are expensed in profit or loss. ii) Subsequent measurement- financial assets After initial recognition, the Bank shall measures a financial asset at: (a) Amortized cost Financial assets that are held in a business model to collect the contractual cash flows and contain contractual terms that give rise on specific dates to cash flows that are SPPI, are measured at amortized cost. The effective interest method is used in the calculation of the amortized cost of a financial asset or a financial liability and in the allocation and recognition of the interest revenue or interest expense in profit or loss over the relevant period. The effective interest rate (EIR) is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial asset or financial liability to the gross carrying amount of a financial asset or to the amortized cost of a financial liability. (b) Fair value through other comprehensive income (FVOCI) Financial assets that are debt instruments held in a business model that is achieved by both collecting contractual cash flows and selling, and that contain contractual terms that give rise on specific dates to cash flows that are SPPI, are measured at FVOCI. They are subsequently remeasured at fair value and changes therein (except for those relating to impairment, interest income and foreign currency exchange gains and losses) are recognized in other comprehensive income, until the assets are sold. Upon disposal, the cumulative gain and losses in OCI are recognized in the income statements. (c) Fair value through profit or loss (FVTPL) Financial assets that do not contain contractual terms that give rise on specified dates to cash flows that are SPPI, or if the financial assets, or if the financial asset is not held in a business model that is either (i) a business model to collect the contractual cash flows or (ii) a business model that is achieved by both collecting contractual cash flows and selling. Financial assets held for trading are recognized at fair value through profit or loss, likewise derivatives contracts for trading purposes. For certain equity instruments, the Bank may make an irrevocable election to present subsequent changes in the fair value of the instrument in other comprehensive income, except for dividend income which is recognized in profit or loss. Gains or losses on derecognition of these equity instruments are not transferred to profit or loss. iii) Subsequent measurement- financial liabilities After initial recognition, the Bank shall measure a financial liability at amortized cost, except for derivatives that are measured at fair value through profit or loss. III. Derecognition of financial assets and liabilities Financial assets are derecognized when, and only when: • the contractual rights to the cash flows from the financial asset expire, or • the Bank transfers substantially all the risks and rewards of ownership of the financial asset, and therefore the Bank derecognizes the financial asset and recognize separately any rights and obligations created or retained in the transfer. In some cases, the Bank enters into transactions for which it retains the contractual rights to receive the cash flows of the financial asset, but assumes a contractual obligation to pay the cash flows in an arrangement that meets all the conditions required, i.e. the Bank only transfers collected amounts from original assets, selling or pledging original assets is prohibited, and the Bank has the obligation to remit cash flows collected without material delay. When a financial asset is sold and the Bank simultaneously agrees to repurchase it (or an asset that is substantially the same) at a fixed price on a future date, the Bank continues to recognize the financial assets in their entirety in the statements of financial position because it retains substantially all of the risks and rewards of ownership. The cash consideration received is recognized as a financial asset and a financial liability is recognized for the obligation to pay the repurchase price. Financial liabilities are derecognized when, and only when, they are extinguished, cancelled or expired. IV. Contingent loans The Bank issues contingent loans (including letters of credit, foreign letters of credit and performance guarantee) and loan commitments. Contingent loans and undrawn loan commitments are commitments under which, over the duration of the commitment, the Bank is required to provide a loan with pre-specified The nominal contractual loan value, when the loan agreed to be provided is on market terms, is not recorded in the statements of financial position. The related expected credit losses allowances are disclosed in Note 19. V. Offsetting Financial assets and financial liabilities are offset in the balance sheet only when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis, or realize the asset and settle the liability simultaneously. As of December 31, 2018, the Bank does not have balance offsetting of financial instruments. l) Classification and measurement of financial instruments – under IAS 39 (for years ended up to December 31, 2017) I. Definitions A “financial instrument” is any contract that gives rise to a financial asset of one entity, and a financial liability or equity instrument of another entity. An “equity instrument” is a legal transaction that evidences a residual interest in the assets of an entity deducting all of its liabilities. A “financial derivative” is a financial instrument whose value changes in response to the changes in an underlying observable market variable (such as an interest rate, a foreign exchange rate, a financial instrument’s price, or a market index, including credit ratings), whose initial investment is very small compared with other financial instruments having a similar response to changes in market factors, and which is generally settled at a future date. “Hybrid financial instruments” are contracts that simultaneously include a non-derivative II. Classification of financial assets for measurements purposes Financial assets were classified into the following specified categories: trading investments at fair value through profit or loss (FVTPL), ‘held to maturity investments’, ‘available for sale investments (AFS)’ and ‘loans and acco |
Accounting Changes
Accounting Changes | 12 Months Ended |
Dec. 31, 2018 | |
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Accounting Changes | Note 2 – Accounting Changes IFRS 9 “ Financial instruments ” adoption The Bank has adopted IFRS 9 as issued by the IASB in July 2014 with a date of transition of January 1, 2018, which resulted in changes in accounting policies. The adoption of IFRS 9 has resulted in changes in our accounting policies for recognition, classification and measurement of financial assets and financial liabilities and impairment of financial assets. IFRS 9 also significantly amends other standards dealing with financial instruments such as IFRS 7 “Financial Instruments: Disclosures”. As per the permitted transitional provisions of IFRS 9, the Bank elected not to revise comparative figures and thus some IFRS 9 disclosures presented in respect to certain financial assets are not comparable because their classification may have changed between both standards. Any adjustments to the carrying amounts of financial assets and liabilities as of the date of transition were recognized as an adjustment to the opening balance of retained earnings. The Bank has also elected to continue to apply the hedge accounting requirements of IAS 39 on the adoption of IFRS 9. Consequently, for disclosures purposes, the amendments to IFRS 7 have also been applied to the current period only. The comparative period disclosures shows those disclosures made in the prior year. Set out below are disclosures regarding the impact of the adoption of IFRS 9 on the Bank and further details of the specific IFRS 9 accounting policies applied in the current period (as well as the previous IAS 39 accounting policies applied in the comparative period). a) Classification and measurement of financial instrument IAS 39 as of December 31, 2017 IFRS 9 as of January 1, 2018 Balance Measurement Portfolio Book Value MCh$ Measurement Portfolio Book Value Trading investments Fair value through profit or loss Financial instruments classified as trading investments 415,061 Financial instruments at fair value through profit or loss Financial instruments at fair value through profit or loss 423,855 Investments instruments Fair value through profit or loss Financial assets available for sale (including those that were valued at cost at December) 2,663,478 Financial instruments at fair value through other comprehensive income Financial instruments at fair value through other comprehensive income 2,658,739 Amortized cost Financial assets classified as held to maturity 202,030 Amortized cost Financial instruments at fair value through profit or loss 201,993 Loans and accounts receivable from customers Amortized cost Loans and accounts receivable from customers, net of allowances for loan losses according to IAS 39. 19,764,078 Amortized cost Loans and accounts receivable from customers, net of allowances for loan losses according to IFRS 9. 19,642,032 Interbank loans Amortized cost Interbank loans, net of allowances for loan losses according to IAS 39. 70,077 Amortized cost Interbank loans, net of allowances for loan losses according to IFRS 9. 70,077 b) The following table shows in detail the reconciliation the consolidated balance sheet under IAS 39 as of December 31, 2017 to IFRS 9 as of January 1, 2018 distinguishing between the impacts due to classification and measurement and due to impairment once adopted IFRS9: IAS 39 Carrying amount Reclassifications Remeasurements IFRS 9 Carrying amount As of December 31, 2017 As of January 1, 2018 MCh$ MCh$ MCh$ MCh$ ASSETS Cash and deposits in banks 964,030 — — 964,030 Cash items in process of collection 157,017 — — 157,017 Financial instruments at fair value through profit or loss — 421,331 2,524 423,855 (i ) Financial instruments at fair value through other comprehensive income — 2,657,208 1,531 2,658,739 (ii ) Interbank loans at amortized cost — 70,077 — 70,077 (iii ) Loans and accounts receivable from customers at amortized cost — 19,764,078 (122,046 ) 19,642,032 (iv ) Financial instruments at amortized cost — 202,030 (37 ) 201,993 (v ) Investments under resale agreements 28,524 — — 28,524 Financial derivative contracts 1,248,775 — — 1,248,775 Interbank loans, net 70,077 (70,077 ) — — Trading investments 415,061 (415,061 ) — Loans and accounts receivable from customers, net 19,764,078 (19,764,078 ) — — Available for sale investments 2,663,478 (2,663,478 ) — — Held to maturity investments 202,030 (202,030 ) — — Intangible assets 1,562,654 — — 1,562,654 Property, plant, and equipment 130,579 — — 130,579 Current taxes 238,452 — — 238,452 Deferred taxes 140,685 — 46,144 186,829 (vi ) Other assets 429,025 — — 429,025 Other non-current 18,308 — — 18,308 TOTAL ASSETS 28,032,773 — (71,884 ) 27,960,889 LIABILITIES — Deposits and other demand liabilities 4,141,667 — — 4,141,667 Cash in process of being cleared 109,496 — — 109,496 Obligations under repurchase agreements 420,920 — — 420,920 Time deposits and other time liabilities 10,065,243 — — 10,065,243 Financial derivative contracts 1,095,154 — — 1,095,154 Interbank borrowings 2,196,130 — — 2,196,130 Debt instruments issued 5,950,038 — — 5,950,038 Other financial liabilities 17,066 — — 17,066 Current taxes 624 — — 624 Deferred taxes 26,354 — (2,550 ) 23,804 (vii ) Provisions 117,889 — 59,691 177,580 (viii ) Other liabilities 463,435 — — 463,435 Liabilities directly associated with non-current — — — — TOTAL LIABILITIES 24,604,016 — 57,141 24,661,157 EQUITY Attributable to equity holders of the Bank: Capital 1,862,826 — — 1,862,826 Reserves 1,290,131 — — 1,290,131 Valuation accounts (4,735 ) — 997 (3,738 ) (ix ) Retained earnings: 63,255 — (126,865 ) (63,610 ) Retained earnings from prior years 12,668 — (59,044 ) (46,376 ) (x ) Net income for the year 67,821 — (67,821 ) — Less: Provision for mandatory dividends (17,234 ) — — (17,234 ) Total equity attributable to equity holders of the Bank 3,211,477 — (125,868 ) 3,085,609 Non-controlling 217,280 — (3,157 ) 214,123 (xi ) TOTAL EQUITY 3,428,757 — (129,025 ) 3,299,732 TOTAL LIABILITIES AND EQUITY 28,032,773 — (71,884 ) 27,960,889 (i) Includes reclassifications and remeasurements of instruments previously classified as trading investments and investments in equity instruments previously classified as Available for sale investments according to IAS 39. (ii) Includes reclassifications and remeasurements of financial assets previously classified as Available for sale instruments according to IAS 39. (iii) Includes reclassifications of financial instruments previously classified as interbank loans according to IAS 39 and remeasurement of the allowances for expected credit losses under the new model according to IFRS 9. (iv) Includes reclassifications of financial instruments previously classified as loans and accounts receivable from customers according to IAS 39 and remeasurement of the allowances for expected credit losses under the new model according to IFRS 9. (v) Includes reclassifications of financial instruments previously classified as held to maturity investments according to IAS 39 and remeasurement due to allowances for expected credit losses under the new model according to IFRS 9. (vi) Recognition of deferred taxes according to IAS 12 due to IFRS 9 adoption. (vii) Recognition of deferred taxes according to IAS 12 due to IFRS 9 adoption. (viii) Includes the recognition of provision for expected credit losses related to contingent loans under the new model according to IFRS 9. (ix) Includes remeasurement due to recognition of credit risk related to financial assets classified as FVTOCI. (x) Includes all the effects due to IFRS 9 first application. (xi) Includes the non-controlling There were no changes to the classification and measurement of financial liabilities. The composition of the loan portfolio classified as loans and accounts receivable at amortized cost as of January 1, 2018 is as follows: Individual Group Stage 1 Stage 2 Stage 3 Subtotals Stage 1 Stage 2 Stage 3 Subtotals Total loans 12-Month Lifetime Lifetime 12-Month Lifetime Lifetime Balances as of December 31, 2017 — 432,862 73,894 506,756 16,235,974 2,892,547 747,328 19,875,849 20,382,605 Restatement of the prior year — — — — — — — — — Balances as of January 1, 2018 — 432,862 73,894 506,756 16,235,974 2,892,547 747,328 19,875,849 20,382,605 IFRS 15 “ Revenue from Contracts with Customers ” adoption On January 1, 2018, IFRS 15 “ Revenues from contracts with customers The Bank has elected to adopt IFRS 15 using a modified retrospective approach where the cumulative effect of initially applying it is recognized as an adjustment to the opening balance of retained earnings and comparatives are not restated. The Bank concluded that there is no impact as of January 1, 2018, however new disclosure requirements must be adopted. See Note 1 and Note 24. Changes in CVA and DVA accounting estimate In June, 2018, improvements were made to the methodology for the determination of the CVA (Credit Value Adjustment) and DVA (Debit Value Adjustment), mainly in the determination of the Exposure and LGD (loss given default), which is part of the valuation of the Bank’s financial derivative contracts. These improvements generated a positive effect producing a lower loss of MCh$5,809 related to CVA and a negative effect producing a lower income of MCh$1,089 related to DVA, which has been recognized as a change in an estimate in accordance with IAS 8 “Accounting policies, changes in accounting estimates and errors”. |
Significant Events
Significant Events | 12 Months Ended |
Dec. 31, 2018 | |
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Significant Events | As of December 31, 2018, the following significant events have influenced the operations of the Bank and its subsidiaries or the Consolidated Financial Statements: ITAÚ CORPBANCA Dividend Distributions On March 15, 2018, the Bank’s Board of Directors (the “Board”) agreed to propose to the Bank’s shareholders at the Annual Ordinary Meeting held on March 27, 2018 the distribution of 40% of the income for the year ended December 31, 2017 (as filed with the SBIF) equivalent to MCh$22,979, as a dividend to the shareholders of all 512,406,760,091 shares validly issued by the Bank, resulting in a dividend of Ch$0.04484469 per share. At the Annual Ordinary Shareholders Meeting of Itaú Corpbanca, held on March 27, 2018, the shareholders approved the following: 1. Distribution of 40% of the income for the year ended December 31, 2017 (as filed with the SBIF) equivalent to MCh$22,979, as dividends to shareholders, resulting in a dividend of Ch$0.04484469 per share. 2. The official appointment of Bernard Pasquier as Board of Directors Member, in accordance with article 50 bis Chief Executive Officer Appointment On August 1, 2018 the Bank’s Board of Directors (the “Board”) agree to appoint Mr. Manuel Olivares Rossetti as Chief Executive Officer, starting January 1, 2019. Until December 31, 2018 Mr. Milton Maluhy Filho served as the Bank’s Chief Executive Officer. Change of Directors In the ordinary session held on November 27, 2018, the Board of Directors of Itaú Corpbanca accepted the resignations of directors Eduardo Vassimon and Boris Buvinic Guerovic, which became effective as of December 31, 2018. As of January 1, 2019, Caio Ibrahim David and Milton Maluhy Filho, respectively, assume as Directors, who will remain in office until the next Ordinary General Shareholders’ Meeting, at which final appointments will be made. Participation increase of the shareholder Itaú Unibanco Holding S.A. On October 12, 2018 the shareholder Itaú Unibanco Holding S.A. (“Itaú Unibanco”) announced that through its subsidiary ITB Holding Brasil Participações Ltda., indirectly acquired the amount of 10,651,555,020 shares (“Shares”) of Itaú Corpbanca, at the price of MCh$65,686. This type of operation is part of the Itaú Corpbanca shareholders’ agreement signed by Itaú Unibanco and Corp Group and its related entities, on April 1, 2016. As a result of this acquisition, Itaú Unibanco’s share has increased from approximately 36.06% to 38.14%, without any changes in the corporate governance of Itaú Corpbanca (see Note 23, letter a). This operation was implemented through the acquisition of 100% of the shares of the companies named Saga II SpA and Saga III SpA, which are the actual owners of the Shares. All regulatory approvals to carry out this operation were duly obtained. SBIF Administrative procedure By resolution dated June 30, 2017, notified to Itaú Corpbanca on July 17, 2017, the SBIF resolved, among other matters, to order the continuation of a sanctioning administrative procedure against the Bank, for supposed transgressions of the individual credit limits in granting certain loans to Norte Grande S.A., Potasios de Chile S.A. and Sociedad de Inversiones Pampa Calichera S.A., same operations that had motivated fines annulled by the First Court of Appeals of Santiago by legal sentence dated August 31, 2016. On July 19, 2017, the Bank appealed for a reversal against the resolution, considering it contrary to Law, among other reasons, considering that there is no administrative procedure instructed by the SBIF against the Bank that can be continued, as declared by the aforementioned procedure and by the ruling of the Supreme Court, which dismissed the appeal required by the SBIF against it. By resolution dated July 24, 2017, the SBIF rejected the aforementioned appeal for reconsideration, arguing that the proceeding was in the investigative stage, without the Bank being formally a forming part of a sanctioning administrative proceeding. On October 23, 2017, the Bank received a letter from the SBIF, charging Itaú Corpbanca with a procedure for the same operations. The Bank has the conviction that this procedure does not comply with the Law, giving it the right to take action, as a consequence, that the legal order grants. On November 22, 2017, the Bank proceeded to formulate its corresponding releases. Subsequently, through a letter dated December 27, 2018, the SBIF informed the conclusion of the investigation phase of the aforementioned sanctioning administrative procedure. The results of this procedure and the Bank’s decision in this regard are detailed in Note 37 “Subsequent Events” INSURANCE BROKERAGE SUBSIDIARIES Merge of subsidiaries On March 29, 2018, the partners of Itaú Chile Corredora de Seguros Limitada considered the conditions of the merger with Corpbanca Corredores de Seguros S.A. were successfully executed according to what was agreed by the partners on September 30, 2017. On April 1, 2018, the merger of Itaú Chile Corredora de Seguros Limitada into Corpbanca Corredores de Seguros S.A. was completed. For all legal purposes the legal continuation name is Itaú Corredores de Seguros S.A. COMPANIES TRANSFORMATION Itaú Corredores de Bolsa Limitada Through an Extraordinary Shareholders Meeting held on July 11, 2018, reduced to a public document dated August 1, 2018 at the Santiago Notary Office of Mr. Juan Ricardo San Martin Urrejola, the shareholders approved the transformation of the company into a limited liability company under the Itaú Corredores de Bolsa Limitada corporate name, which will be governed by its bylaws and by the provisions of Law No. 3,918 and its subsequent amendments and the relevant regulations of the Civil Code and the Commercial Code. Itaú Asesorías Financieras S.A. On July 5, 2018, authorization was requested from the SBIF to transform Itaú Asesorías Financieras S.A. into a limited liability company. As of the date of these Consolidated Financial Statements, there is still no pronouncement from the regulator on this matter. |
Reporting Segments
Reporting Segments | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Reporting Segments | The information reported by segments is determined by the Bank on the basis of its operating segments (Chile, that includes the New York Branch, and Colombia), which are mainly differentiated by the risks and rewards that affect them. The reporting segments and the criteria used to inform the highest authority of the Bank on the decision making of the operation are in accordance with what is set forth in IFRS 8 “Operating Segments a) Segments According to the above, the descriptions of each operating segment are as follows: i) Chile The Bank’s business activities in Chile take place mainly in the local market. It has strategically aligned its operations into the following five business areas that are directly related to its customers’ needs and the Bank’s strategy: 1) The Bank manages these business areas using a reporting system for internal profitability. The operating results are reviewed regularly by the entity’s highest decision-making authority for operating decisions as one single cash generating unit, to decide about resource allocation for the segment and evaluate its performance. The Bank did not enter into transactions with a particular customer or third party that exceed 10% of its total revenue in 2018, 2017 and 2016. ii) Colombia Colombia has been identified as a separate operating segment based on the business activities. Its operating results are regularly reviewed by the entity’s highest decision-making authority for operating decisions as one single CGU, to decide on the resource allocation for the segment and evaluate its performance. Separate financial information is available for this segment. The commercial activities of this segment are carried out by Itaú Corpbanca Colombia S.A. and subsidiaries b) Geographical information The segments reported by Itaú Corpbanca, discloses revenue from ordinary activities from external clients: (i) attributed to the entity’s country of domicile and (ii) Attributed, in aggregate, to all foreign countries where the entity obtains revenue. When revenue from external customers attributed to a particular foreign country is significant, it is disclosed separately. Pursuant to the foregoing, the Bank operates in two main geographic areas: Chile and Colombia. Chile segment includes operations carried out by Itaú Corpbanca New York Branch and the Colombia segment includes the operations carried out by Itaú S.A. (Panama) and Itaú Casa de Valores S.A. The information on interest income and interest expenses for the years ended December 31, 2018, 2017 and 2016 of the aforementioned geographic areas is presented below: 2018 2017 2016 Chile Colombia Total Chile Colombia Chile Colombia Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Interest income 1,208,481 530,836 1,739,317 1,067,124 579,205 1,646,329 1,013,951 495,252 1,509,203 Interest expense (593,796 ) (257,858 ) (851,654 ) (529,584 ) (333,763 ) (863,347 ) (554,246 ) (315,782 ) (870,028 ) Net interest income 614,685 272,978 887,663 537,540 245,442 782,982 459,705 179,470 639,175 c) Information on assets, liabilities and income Segment information on assets and liabilities is presented as of December 31, 2018 and 2017. c.1 Assets and Liabilities As of December 31, 2018 Chile Colombia Total MCh$ MCh$ MCh$ Cash and deposits in banks 483,416 504,264 987,680 Cash items in process of collection 318,433 225 318,658 Financial instruments at fair value through profit or loss 54,162 42,781 96,943 Financial instruments at fair value through other comprehensive income 1,594,955 1,062,199 2,657,154 Loans and accounts receivable at amortized cost and interbank loans 16,616,358 4,439,256 21,055,614 Financial instruments at amortized cost 122,385 76,538 198,923 Investments under resale agreements 91,510 17,957 109,467 Financial derivative contracts 1,266,218 102,739 1,368,957 Intangible assets 1,432,529 138,435 1,570,964 Property, plant, and equipment 78,430 17,134 95,564 Current taxes 70,255 52,874 123,129 Deferred taxes 151,194 27,492 178,686 Other assets 378,691 123,106 501,797 Other non-current 59,802 — 59,802 TOTAL ASSETS 22,718,338 6,605,000 29,323,338 As of December 31, 2018 Chile Colombia Total MCh$ MCh$ MCh$ LIABILITIES Deposits and other demand liabilities 2,463,722 1,836,753 4,300,475 Cash in process of being cleared 247,165 — 247,165 Obligations under repurchase agreements 370,623 644,991 1,015,614 Time deposits and other time liabilities 8,104,729 2,016,382 10,121,111 Financial derivative contracts 1,035,394 77,412 1,112,806 Interbank borrowings 1,602,125 725,598 2,327,723 Debt instruments issued 5,445,000 565,124 6,010,124 Other financial liabilities 12,400 — 12,400 Current taxes 528 663 1,191 Deferred taxes — 471 471 Provisions 140,663 74,240 214,903 Other liabilities 471,672 50,123 521,795 Liabilities directly associated with non-current — — — TOTAL LIABILITIES 19,894,021 5,991,757 25,885,778 As of December 31, 2017 Note Chile Colombia Total MCh$ MCh$ MCh$ Cash and deposits in banks 609,279 354,751 964,030 Cash items in process of collection 155,950 1,067 157,017 Investments under resale agreements 2,292 26,232 28,524 Financial derivative contracts 1,158,002 90,773 1,248,775 Trading investments 25,652 389,409 415,061 Loans and accounts receivable from customers, net and interbank loans 15,599,269 4,234,886 19,834,155 Available for sale instruments 1,937,909 725,569 2,663,478 Held to maturity investments 95,652 106,378 202,030 Intangible assets 1,378,942 183,712 1,562,654 Property, plant, and equipment 82,481 48,098 130,579 Current taxes 202,093 36,359 238,452 Deferred taxes 140,685 — 140,685 Other assets 348,717 80,308 429,025 Other non-current 18,308 — 18,308 TOTAL ASSETS 21,755,231 6,277,542 28,032,773 As of December 31, 2017 Note Chile Colombia Total MCh$ MCh$ MCh$ LIABILITIES Deposits and other demand liabilities 16 2,399,159 1,742,508 4,141,667 Cash in process of being cleared 5b ) 109,496 — 109,496 Obligations under repurchase agreements 7 44,264 376,656 420,920 Time deposits and other time liabilities 16 7,868,572 2,196,671 10,065,243 Financial derivative contracts 8 1,036,024 59,130 1,095,154 Interbank borrowings 17 1,545,143 650,987 2,196,130 Debt instruments issued 18 5,484,562 465,476 5,950,038 Other financial liabilities 18 16,255 811 17,066 Current taxes 14 624 — 624 Deferred taxes 14 53 26,301 26,354 Provisions 19 61,038 56,851 117,889 Other liabilities 20 399,760 63,675 463,435 Liabilities directly associated with non-current 20 — — — TOTAL LIABILITIES 18,964,950 5,639,066 24,604,016 ( *) This includes goodwill generated in business combinations between Itaú Chile and Corpbanca totaling MCh$1,135,392 as of December 31, 2018 (MCh$1,126,663 in 2017). c.2 Income for the years ended December 31, 2018, 2017, and 2016 2018 2017 2016 Chile Colombia Total Chile Colombia Total Chile Colombia Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Net interest income 591,575 296,088 887,663 537,540 245,442 782,982 459,705 179,470 639,175 Net fee and commission income 149,673 36,456 186,129 135,624 41,947 177,571 112,147 38,649 150,796 Net income from financial operations 128,264 44,491 172,755 (49,615 ) 57,883 8,268 38,642 74,310 112,952 Net foreign exchange gain (loss) 5,726 (23,691 ) (17,965 ) 34,661 11,504 46,165 (26,744 ) (22,104 ) (48,848 ) Other operating income 14,337 12,319 26,656 33,398 8,134 41,532 9,058 10,389 19,447 Provision for loan losses (127,804 ) (151,994 ) (279,798 ) (169,233 ) (146,184 ) (315,417 ) (146,812 ) (99,178 ) (245,990 ) NET OPERATING PROFIT 761,771 213,669 (975,440 ) 522,375 218,726 741,101 445,996 181,536 627,532 Depreciation and amortization (53,544 ) (33,273 ) (86,817 ) (51,213 ) (30,632 ) (81,845 ) (40,610 ) (23,082 ) (63,692 ) Operating expenses (*) (442,943 ) (211,767 ) (654,710 ) (424,733 ) (224,569 ) (649,302 ) (397,060 ) (155,875 ) (552,935 ) OPERATING INCOME 265,284 (31,371 ) 233,913 46,429 (36,475 ) 9,954 8,326 2,579 10,905 Income taxes (85,269 ) 18,210 (67,059 ) 31,188 21,683 52,871 (84 ) 3,652 3,568 Income from discontinued operations — — — — — — (504 ) — (504 ) CONSOLIDATED INCOME FOR THE YEAR 180,015 (13,161 ) 166,854 77,617 (14,792 ) 62,825 7,738 6,231 13,969 (*) Includes personnel salaries and expenses, administrative expenses, impairment, and other operating expenses |
Cash and Cash Equivalents
Cash and Cash Equivalents | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Cash and Cash Equivalents | a) Detail of cash and cash equivalents The detail of the balances included under cash and cash equivalents is as follows: As of December 31, 2018 2017 MCh$ MCh$ Cash and deposits in banks Cash 255,449 254,824 Deposits in the Central Bank of Chile 70,444 53,187 Deposits in local banks 4,422 9,389 Deposits in foreign banks 657,365 646,630 Subtotals cash and deposits in banks 987,680 964,030 Cash items in process of collection, net 71,493 47,521 Highly liquid financial instruments (1) 194,412 35,014 Investments under resale agreements (2) 109,467 28,524 Totals cash and cash equivalents 1,363,052 1,075,089 (1) Highly liquid financial instruments: Corresponds to those financial instruments included in the Financial instruments at fair value through profit or loss Financial trading and available-for-sale As of December 31, Notes 2018 2017 MCh$ MCh$ Highly liquid financial instruments Financial instruments at fair value through profit or loss 6 15,741 — Trading investments 6 — 19,239 Financial instruments at fair value through other comprehensive income 11 178,671 — Available for sale investments 11 — 15,775 Totals 194,412 35,014 (2) Investments under resale agreements: corresponds to resale agreements with maturities that do not exceed three months from the acquisition date, which are presented under the item “Investments under resale agreements” in the Consolidated Statement of Financial Position. The detail is as follows: As of December 31, Notes 2018 2017 MCh$ MCh$ Investment under resale agreements 7a ) 109,467 28,524 b) Cash in the process of collection a. Cash in process of collection and in process of being cleared Cash items in process of collection and in process of being cleared represent domestic transactions, which have not been processed through the central domestic clearinghouse, or international transactions that may be delayed in settlement due to timing differences. The detail of these balances is as follows: As of December, 31 2018 2017 MCh$ MCh$ Assets Documents held by other banks (documents to be cleared) 77,085 66,996 Funds receivable 241,573 90,021 Subtotals assets 318,658 157,017 Liabilities Funds payable 247,165 109,496 Subtotals liabilities 247,165 109,496 Cash items in process of collection, net 71,493 47,521 b. Other operating cash flows Based on the nature of its activities, the Bank considers that its funding has a direct relationship with its loan and investing portfolio; for such purpose all those activities are taken into consideration to determine, approve and monitor the financial strategies that guide the Bank with respect to the composition of its assets and liabilities, cash inflows and outflows and transactions with financial instruments. Finally, the Bank, based on its overall business strategy, considers that gains and losses derived from these transactions are part of the main revenue generating activities and core business, and that the presentation of the cash flows from those items under operating activities consequently shows consistency between our Consolidated Statement of Income and our Consolidated Statement of Cash Flows. Examples of cash flows from operating activities are: i. Investments under resale agreements and obligations under repurchase agreements ii. Investments portfolio. iii. Foreign borrowings and repayment of foreign borrowings. iv. Increase and repayment of other borrowings. |
Financial Instruments at Fair V
Financial Instruments at Fair Value through Profit or Loss and Trading Investments | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Financial Instruments at Fair Value through Profit or Loss and Trading Investments | a. The detail of the financial instruments at fair value through profit or loss according to IFRS 9 is as follows: As of December 31, 2018 MCh$ Chilean Central Bank and Government securities Chilean Central Bank securities 21,736 Other Chilean Central Bank and Government securities 14,872 Other Chilean securities Bonds 3 Notes 4,014 Foreign financial securities Bonds 23,276 Other securities 19,505 Investments in mutual funds Funds managed by related entities 3,532 Other investments Other financial instruments at FVTPL 10,005 Totals 96,943 As of December 31, 2018, the financial instruments at fair value through profit or loss include MCh$15,741 in instruments with maturities which do not exceed three months from the acquisition date and are considered as cash equivalents (see Note 5). b. The detail of the trading investments according to IAS 39 is as follows: As of December 31, 2017 MCh$ Chilean Central Bank and Government securities Chilean Central Bank securities 3,963 Other Chilean Central Bank and Government securities 3,163 Other Chilean securities Bonds 5 Other securities — Foreign financial securities Bonds 381,262 Other securities 8,147 Investments in mutual funds Funds managed by related entities 18,521 Other investments Other trading investments — Totals 415,061 As of December 31, 2017 trading investments include MCh$19,239 in instruments with maturities which do not exceed three months from the acquisition date and are considered as cash equivalents (see Note 5). |
Investments under Resale Agreem
Investments under Resale Agreements and Obligations under Repurchase Agreements | 12 Months Ended |
Dec. 31, 2018 | |
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Investments under Resale Agreements and Obligations under Repurchase Agreements | Note 7 – Investments under Resale Agreements and Obligations under Repurchase Agreements a. The Bank purchases financial instruments agreeing to resell them at a future date. As of December 31, 2018 and 2017 the instruments acquired under resale agreements are as follows: As of December 31, 2018 As of December 31, 2017 Up to 3 Between 3 Over 1 Totals Up to 3 Between 3 Over 1 Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Chilean Central Bank and Government securities Chilean Central Bank securities 14,533 — — 14,533 2,292 — — 2,292 Government securities 76,977 — — 76,977 — — — — Other Chilean Central Bank and Government securities — — — — — — — — Other Chilean securities Bonds — — — — — — — — Notes — — — — — — — — Other securities Foreign financial securities — — — — — — — — Central Banks and Government securities 17,351 — — 17,351 21,248 — — 21,248 Other foreign instruments 606 — — 606 4,984 — — 4,984 Totals 109,467 — — 109,467 28,524 — — 28,524 b. As of December 31, 2018 and 2017, the instruments acquired under agreements to repurchase are as follows: As of December 31, 2018 As of December 31, 2017 Up to 3 Between 3 Over 1 Totals Up to 3 Between Over 1 Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Chilean Central Bank and Government securities Chilean Central Bank securities 21,018 — — 21,018 — — — — Government securities 283,898 — — 283,898 11,703 — — 11,703 Other Chilean Central Bank and Government securities — — — — — — — — Other Chilean securities Bonds — — — — 26,573 — — 26,573 Notes — — — — 5,988 — — 5,988 Other Chilean securities 65,707 — — 65,707 — — — — Foreign financial securities Central Banks and Government securities — — — — — — — — Other foreign instruments 644,991 — — 644,991 376,656 — — 376,656 Totals 1,015,614 — — 1,015,614 420,920 — — 420,920 |
Financial Derivative Contracts
Financial Derivative Contracts and Hedge Accounting | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Financial Derivative Contracts and Hedge Accounting | The Bank and subsidiaries use the following derivative financial instruments for hedge accounting and trading purposes, which, in order to capture the credit risk in the valuation, are adjusted to reflect the CVA (Credit Value Adjustment). The detail of these instruments is presented below: As of December 31, 2018 As of December 31, 2017 Assets Liabilities Assets Liabilities MCh$ MCh$ MCh$ MCh$ Derivatives held for hedge accounting 86,562 75,615 51,409 121,378 Derivatives held for trading 1,282,395 1,037,191 1,197,366 973,776 Totals 1,368,957 1,112,806 1,248,775 1,095,154 a.1 Financial derivative assets As of December 31, 2018 Notional Fair value Up to 3 months Between 3 months Over 1 year MCh$ MCh$ MCh$ MCh$ Currency forwards 3,643,505 703,790 419,833 342,993 Currency swaps 168,254 1,817,002 6,449,984 468,093 Interest rate swaps 3,061,784 8,933,622 34,958,699 553,608 Call currency options 26,435 102,163 17,750 4,217 Put currency options 1,119 33,260 — 46 Totals 6,901,097 11,589,837 41,846,266 1,368,957 As of December 31, 2017 Notional Fair value Up to 3 Between 3 Over 1 year MCh$ MCh$ MCh$ MCh$ Currency forwards 8,855,360 5,728,141 700,252 316,901 Currency swaps 92,772 299,288 3,260,432 396,239 Interest rate swaps 5,781,923 10,258,903 23,469,906 534,505 Call currency options 33,709 47,300 26,223 421 Put currency options 6,675 9,827 25,808 709 Totals 14,770,439 16,343,459 27,482,621 1,248,775 a.2 Financial derivative liabilities As of December 31, 2018 Notional Fair value Up to 3 months Between 3 months and 1 year Over 1 year MCh$ MCh$ MCh$ MCh$ Currency forwards 1,406,262 550,427 113,872 322,241 Currency swaps 658,937 1,035,357 3,169,546 298,415 Interest rate swaps 3,111,787 5,826,465 26,522,433 489,718 Call currency options 11,540 35,344 — 1,493 Put currency options 16,367 38,172 11,115 939 Totals 5,204,893 7,485,765 29,816,966 1,112,806 As of December 31, 2017 Notional Fair value Up to 3 months Between 3 months and 1 year Over 1 year MCh$ MCh$ MCh$ MCh$ Currency forwards 9,023,102 5,821,573 807,071 333,482 Currency swaps 109,275 414,355 2,822,789 290,288 Interest rate swaps 5,481,548 8,843,640 20,720,506 468,928 Call currency options 6,675 7,369 — 86 Put currency options 17,629 25,459 415 2,370 Totals 14,638,229 15,112,396 24,350,781 1,095,154 a.3 Portfolio detail As of December 31, 2018 and 2017, the portfolio of financial derivative instruments held for hedge accounting and trading purposes is as follows: As of December 31, 2018 Notional Fair value Up to 3 months Between 3 Over 1 year Assets Liabilities MCh$ MCh$ MCh$ MCh$ MCh$ Derivatives held for hedge accounting 3,661,557 1,323,671 2,527,255 86,562 75,615 Fair value hedge Currency forwards 32,639 17,421 102,847 16,461 5,814 Currency swaps 610,980 192,926 — 7,697 11,038 Interest rate swaps 1,231 52,105 2,194,956 15,492 16,995 Subtotals 644,850 262,452 2,297,803 39,650 33,847 Cash flow hedge Currency forwards 2,188,426 — 130,191 4,835 1,283 Currency swaps — 330,033 — 13,363 17,593 Interest rate swaps — 198,573 99,261 1,119 1,892 Subtotals 2,188,426 528,606 229,452 19,317 20,768 Hedge of net investment in a foreign operation Currency forwards 828,281 532,613 — 27,595 21,000 Subtotals 828,281 532,613 — 27,595 21,000 Derivatives held for trading 8,444,433 17,751,931 69,135,977 1,282,395 1,037,191 Currency forwards 2,000,421 704,183 300,667 294,102 294,144 Currency swaps 216,211 2,329,400 9,619,530 447,033 269,784 Interest rate swaps 6,172,340 14,509,409 59,186,915 536,997 470,831 Call currency options 37,975 137,507 17,750 4,217 1,493 Put currency options 17,486 71,432 11,115 46 939 Subtotals 8,444,433 17,751,931 69,135,977 1,282,395 1,037,191 Totals 12,105,990 19,075,602 71,663,232 1,368,957 1,112,806 As of December 31, 2017 Notional Fair value Up to 3 months Between 3 Over 1 year MCh$ MCh$ MCh$ MCh$ MCh$ Derivatives held for hedge accounting 2,950,441 1,195,024 3,516,621 51,409 121,378 Fair value hedge Currency forwards — — 1,417 78 Currency swaps — — 264,226 2,735 40,441 Interest rate swaps 442,426 7,567 2,186,949 7,832 39,327 Subtotals 442,426 7,567 2,451,175 11,984 79,846 Cash flow hedge Currency forwards 1,401,144 590,463 219,453 8,787 3,946 Currency swaps — — 309,970 — 22,315 Interest rate swaps — 305,800 536,023 1,680 6,481 Subtotals 1,401,144 896,263 1,065,446 10,467 32,742 Hedge of net investment in a foreign operation Currency forwards 1,106,871 291,194 — 28,958 8,790 Subtotal 1,106,871 291,194 — 28,958 8,790 Derivatives held for trading 26,458,227 30,260,831 48,316,781 1,197,366 973,776 Currency forwards 15,370,447 10,668,057 1,287,870 277,739 320,668 Currency swaps 202,047 713,643 5,509,025 393,504 227,532 Interest rate swaps 10,821,045 18,789,176 41,467,440 524,993 423,120 Call currency options 40,384 54,669 26,223 421 86 Put currency options 24,304 35,286 26,223 709 2,370 Subtotals 26,458,227 30,260,831 48,316,781 1,197,366 973,776 Totals 29,408,668 31,455,855 51,833,402 1,248,775 1,095,154 b. Hedge accounting b.1) Fair value hedges: The Bank uses interest rate derivatives to manage its structural risk by minimizing accounting asymmetries in the Statement of Financial Position. Through different hedging strategies, it redenominates an element originally at a fixed rate to a floating rate, thus decreasing the financial duration and consequently risk, aligning the balance sheet structure with expected movements in the yield curve. The following table presents the hedged items and the hedging instrument at fair value as of December 31, 2018 and 2017, detailed by maturity: As of December 31, 2018 Notional Up to 1 year Between 1 Between 3 and Over 6 years Totals MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Loans and accounts receivable from customers Commercial and mortgage loans 1,232 156,772 261,860 289,724 709,588 Financial instruments at FVTPL Treasury bonds 666,388 52,132 35,297 42,189 796,006 Debt instruments issued Current bonds 239,682 55,132 94,000 1,310,697 1,699,511 Totals 907,302 264,036 391,157 1,642,610 3,205,105 Hedging instruments — Currency forwards — — — — — Currency swaps 187,578 — — — 187,578 Interest rate swaps 719,724 264,036 391,157 1,642,610 3,017,527 Totals 907,302 264,036 391,157 1,642,610 3,205,105 As of December 31, 2017 Notional Up to 1 year Between 1 Between 3 and Over 6 years Totals MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Loans and accounts receivable from customers Commercial and mortgage loans 12,978 7,704 402,977 320,539 744,198 Available for sale investments Treasury bonds — 57,003 1,629 183,675 242,307 Debt instruments issued Current bonds 437,015 488,291 77,728 1,009,468 2,012,502 Totals 449,993 552,998 482,334 1,513,682 2,999,007 Hedging instruments Currency swaps — 264,226 — — 264,226 Interest rate swaps 449,993 288,772 482,334 1,513,682 2,734,781 Totals 449,993 552,998 482,334 1,513,682 2,999,007 Below is an estimate of the periods in which flows are expected to be produced: Forecasted cash flows by interest rate risk: As of December 31, 2018 Notional Up to 1 year Between 1 and Between 3 and Over 6 years Totals MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Inflows 9,678 17,366 15,632 7,728 50,404 Outflows (24,604 ) (37,185 ) (50,215 ) (70,615 ) (182,619 ) Net Flows (14,926 ) (19,819 ) (34,583 ) (62,887 ) (132,215 ) Hedging instruments (*) Outflows (9,678 ) (17,366 ) (15,632 ) (7,728 ) (50,404 ) Inflows 24,604 37,185 50,215 70,615 182,619 Net flows 14,926 19,819 34,583 62,887 132,215 As of December 31, 2017 Notional Up to 1 year Between 1 and Between 3 and Over 6 years Totals MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Inflows 14,981 27,525 32,376 18,608 93,490 Outflows (25,575 ) (37,197 ) (39,863 ) (76,755 ) (179,390 ) Net flows (10,594 ) (9,672 ) (7,487 ) (58,147 ) (85,900 ) Hedging instruments (*) Outflows (14,981 ) (27,525 ) (32,376 ) (18,608 ) (93,490 ) Inflows 25,575 37,197 39,863 76,755 179,390 Net flows 10,594 9,672 7,487 58,147 85,900 (*) Only includes cash flows forecast portion of the hedge instruments used to cover interest rate risk. b.2) Cash flow hedges: Cash flow hedge is used by the Bank mainly to: • Reduce the volatility of cash flows in items in the Statement of Financial position that are indexed to inflation through the use of inflation forwards and combinations of swaps in pesos and indexed units. • Set the rate of a portion of the pool of short-term liabilities in pesos, thus reducing the risk of an important part of the Bank’s cost of funding, although still maintaining the liquidity risk of the pool. This is achieved by setting the cash flows of the hedged items equal to those of the derivative instruments, modifying uncertain cash flows for certain cash flows. • It also sets the rate of funding sources at a floating rate, decreasing the risk that its funding costs increase. The following table presents the nominal values of the hedged item as of December 31, 2018 and 2017: As of December 31, 2018 Notional Up to 1 year Between 1 and 3 Between 3 and Over 6 years Totals MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts at amortized cost Loans (inflation-indexed) 2,015,643 9,961 — — 2,025,604 Commercial loans (interest rate) — 28,000 20,000 — 48,000 Time deposits and other time liabilities Time deposits 129,100 52,027 — 46,698 227,825 Debt instruments issued Current bonds 173,683 — — — 173,683 Interbank borrowings Interbank loans 398,606 — 72,766 — 471,372 Totals 2,717,032 89,988 92,766 46,698 2,946,484 Hedging instruments Currency forwards 2,073,971 — — — 2,073,971 Currency swaps 444,488 — 72,766 — 517,254 Interest rate swaps 198,573 89,988 20,000 46,698 355,259 Totals 2,717,032 89,988 92,766 46,698 2,946,484 As of December 31, 2017 Notional Up to 1 year Between 1 and 3 Between 3 and Over 6 years Totals MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts receivables from customers Loans (inflation-indexed) 1,991,607 188,730 — — 2,180,337 Commercial loans (interest rate) — 30,723 57,823 174,300 262,846 Time deposits and other time liabilities Time deposits 305,800 303,900 — — 609,700 Debt instruments issued Current bonds — 309,970 — — 309,970 Interbank borrowings Interbank loans — — — — — Totals 2,297,407 833,323 57,823 174,300 3,362,853 Hedging instruments Currency forwards 1,991,607 219,453 — — 2,211,060 Currency swaps — 309,970 — — 309,970 Interest rate swaps 305,800 303,900 57,823 174,300 841,823 Totals 2,297,407 833,323 57,823 174,300 3,362,853 Below is an estimate of the periods in which flows are expected to occur. Forecasted cash flows by interest rate risk: As of December 31, 2018 Notional Up to 1 year Between 1 and Between 3 and Over 6 years Totals MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Inflows 1,848,702 169,442 521 — 2,018,665 Outflows (11,046 ) (3,797 ) (5,693 ) (2,837 ) (23,373 ) Net Flows 1,837,656 165,645 (5,172 ) (2,837 ) 1,995,292 Hedging instruments (*) Outflows (1,848,702 ) (169,442 ) (521 ) — (2,018,665 ) Inflows 11,046 3,797 5,693 2,837 23,373 Net flows (1,837,656 ) (165,645 ) 5,172 2,837 (1,995,292 ) As of December 31, 2017 Notional Up to 1 year Between 1 and Between 3 and Over 6 years Totals MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Inflows 1,982,371 225,180 2,459 — 2,210,010 Outflows (29,873 ) (33,024 ) (21,918 ) (15,460 ) (100,275 ) Net Flows 1,952,498 192,156 (19,459 ) (15,460 ) 2,109,735 Hedging instruments (*) Outflows (1,982,371 ) (225,180 ) (2,459 ) — (2,210,010 ) Inflows 29,873 33,024 21,918 15,460 100,275 Net flows (1,952,498 ) (192,156 ) 19,459 15,460 (2,109,735 ) (*) Only includes cash flows forecast portion of the hedge instruments used to cover interest rate risk. As of December 31, 2018 2017 Effective Ineffective Effective Ineffective MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts receivables from customers Loans (inflation-indexed) 8,557 2,032 — — Commercial loans (interest rate) 1,024 270 1,890 155 Time deposits and other time liabilities Time deposits (236 ) — (3,037 ) (126 ) Debt instruments issued Current bonds (3,829 ) (2,718 ) (4,583 ) (1,329 ) Interbank borrowings Interbank loans 43 — — — Totals 5,559 (416 ) (5,730 ) (1,300 ) The effective portion generated by cash flow derivatives recorded in the Consolidated Statement of Changes in Equity as of December 31, 2018 and 2017. The income generated by cash flow hedge derivatives whose effect was transferred from Other Comprehensive Income to Income for the year, is as follow: As of December 31, 2018 2017 MCh$ MCh$ Hedged item Loans and accounts receivables from customers Loans (inflation-indexed) — — Commercial loans (interest rate) — — Time deposits and other time liabilities Time deposits 200 72 Debt instruments issued Current bonds — — Interbank borrowings Interbank loans — — Totals 200 72 b.3) Hedge of net investment in foreign operations: Itaú Corpbanca, the parent company whose functional currency is the Chilean peso, has foreign business investments consisting of a branch in New York and subsidiaries in Colombia. As a result of the proper accounting treatment for these investments, fluctuations in the value of the investments as a result of changes in the Chilean peso-Colombian peso exchange rate alter the parent company’s equity. The objective of these hedges is to safeguard the value of equity by managing exchange rate risk affecting the investments. Hedges of a net investment in a foreign operation, including hedges of monetary items that are accounted for as part of a net investment, are recorded to cash flow hedges, where: • The portion of the gain or loss from the hedge instrument that is determined to be an effective hedge is recognized in equity. As of December 31, 2018, this was a debit of MCh$19,791 (credit of MCh$45,759 net of deferred taxes as of December 31, 2017). • The ineffective portion is recognized in profit or loss. No such amounts were recorded in 2018 and 2017. As of December 31, Notes 2018 2017 MCh$ MCh$ Opening balances 45,759 10,773 Gains (losses) on hedge of net investment in foreign operation, before tax 22 j (36,533 ) 49,197 Income tax relating to hedges of net investment in foreign operations 22 j 10,565 (14,211 ) Ending balances 19,791 45,759 Each hedge is detailed in the table below: b.3.1) Hedge of net investment in New York Branch Notional Market value of Gain or loss on Ineffectiveness MUSD MCh$ MCh$ MCh$ As of December 31, 2018 168 (5,151 ) (10,354 ) — As of December 31, 2017 150 4,698 4,698 — b.3.2) Hedge of net investment in Itaú Corpbanca Colombia As of December 31, 2018 Notional Statements of Statement of Up to 1 Between 1 and Between 3 and Over 6 years Effective portion Ineffective MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Equity Foreign investments 1,360,894 — — 74,648 (26,179 ) — Hedging instrument Foreign currency forwards 1,360,894 — — — (26,179 ) — As of December 31, 2017 Notional Statements of Statement of Up to 1 Between 1 and Between 3 and Over 6 years Effective portion Ineffective MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Equity Foreign investments 1,398,065 — — — 44,499 — Hedging instrument Foreign currency forwards 1,398,065 — — — 44,499 — |
Interbank Loans
Interbank Loans | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Interbank Loans | As of December 31, 2018, the balances presented under the item “Interbank loans, net”, according to IFRS 9 are as follows: As of December 31, 2018 MCh$ Local banks Loans to local banks — Allowances for loans losses — Subtotals — Foreign banks Interbank cash loans 30,507 Loans to foreign banks 5,594 Non-transferable 65,556 Allowances for loans losses (463 ) Subtotals 101,194 Chilean Central Bank Deposits with the Chilean Central Bank not available (*) 240,050 Subtotals 240,050 Totals 341,244 (*) These are deposits that do not qualify as time deposits Movements in allowances and impairment for interbanks loans during the year ended December 31, 2018 are detailed as follows: Foreign banks Stage 1 Stage 2 Stage 3 Totals 12-Month ECL Lifetime ECL Lifetime ECL MCh$ MCh$ MCh$ MCh$ Balances as of December 31, 2017 208 — — 208 Restatement of the prior year — — — — Balances as of January 1, 2018 208 — — 208 Changes in the allowances - Transfer to stage 1 — — — — - Transfer to stage 2 — — — — - Transfer to stage 3 — — — — - Increases due to change in credit risk — — — — - Decreases due to change in credit risk — — — — - Charge-offs — — — — - Changes due to modifications that did not result in derecognition — — — — New financial assets originated or purchased 344 — — 344 Financial assets that have been derecognized (131 ) — — (131 ) Changes in models/risk parameters — — — — Foreign exchange and other movements 42 — — 42 Balances as of December 31, 2018 463 — — 463 As of December 31, 2017, the balances presented under the item “Interbank loans, net”, according to IAS 39 are as follows: As of December 31, 2017 MCh$ Local banks Loans to local banks — Allowances for loans losses — Subtotals — Foreign banks Interbank cash loans 862 Loans to foreign banks 13,875 Non-transferable 21,544 Allowances for loans losses (208 ) Subtotals 36,073 Chilean Central Bank Deposits with the Chilean Central Bank not available (*) 34,004 Subtotals 34,004 Totals 70,077 (*) These are deposits that do not qualify as time deposits Movements in allowances and impairment for loans with domestic and foreign Banks during as of December 31, 2017 are detailed as follows: Notes Local banks Foreign banks Totals MCh$ MCh$ MCh$ Balances as of January 1, 2017 — (212 ) (212 ) Charge-offs — — — Allowances established 27 — (226 ) (226 ) Allowances released 27 — 209 209 Impairment — — — Exchange differences — 21 21 Balances as of December 31, 2017 — (208 ) (208 ) |
Loans and Accounts Receivable f
Loans and Accounts Receivable from Customers | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Loans and Accounts Receivable from Customers | a. Loans and account receivables from customers As of December 31, 2018, the composition of the loan portfolio under IFRS 9 is as follows: Allowances for loan losses As of December 31, 2018 Gross assets Individual Group Totals Net assets MCh$ MCh$ MCh$ MCh$ MCh$ Commercial loans: Commercial loans 11,457,388 133,610 258,177 391,787 11,065,601 Foreign trade loans 928,443 — 7,964 7,964 920,479 Checking account debtors 131,100 — 6,801 6,801 124,299 Factoring transactions 210,567 — 9 9 210,558 Student loans 676,689 — 51,091 51,091 625,598 Leasing transactions 928,160 — 25,113 25,113 903,047 Other commercial loans and receivables 34,553 — 1,942 1,942 32,611 Subtotals 14,366,900 133,610 351,097 484,707 13,882,193 Mortgage loans: Loans with mortgage finance bonds 38,364 — 472 472 37,892 Endorsable mutual mortgage loans 118,668 — 8,016 8,016 110,652 Other mutual mortgage loans 3,953,245 — 52,138 52,138 3,901,107 Mortgage leasing transactions 312,118 — 4,395 4,395 307,723 Other mortgage loans and receivables 23,432 — 1,096 1,096 22,336 Subtotals 4,445,827 — 66,117 66,117 4,379,710 Consumer loans: Installment consumer loans 1,921,785 — 155,472 155,472 1,766,313 Checking account debtors 209,492 — 17,579 17,579 191,913 Credit card balances 481,567 — 38,426 38,426 443,141 Consumer leasing transactions 6,203 — 476 476 5,727 Other consumer loans and receivables 50,716 — 5,343 5,343 45,373 Subtotals 2,669,763 — 217,296 217,296 2,452,467 Totals 21,482,490 133,610 634,510 768,120 20,714,370 Movements in the loan portfolio for the year ended December 31, 2018 is as follows: Loans Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime Totals Balances as of December 31, 2017 16,235,974 3,325,409 821,222 20,382,605 Restatement of the prior year — — — — Balances as of January 1, 2018 16,235,974 3,325,409 821,222 20,382,605 Changes in the allowances — - Transfer to stage 1 — 159,276 108,329 267,605 - Transfer to stage 2 (284,179 ) — 134,222 (149,957 ) - Transfer to stage 3 (109,278 ) (153,171 ) — (262,449 ) - Charge-offs (25,209 ) (24,473 ) (131,943 ) (181,625 ) - Changes due to modifications that did not result in derecognition — — — — New financial assets originated or purchased 7,894,302 700,572 322,298 8,917,172 Financial assets that have been derecognized (6,165,474 ) (1,126,300 ) (375,859 ) (7,667,633 ) Foreign exchange and other movements 151,638 18,426 6,708 176,772 Balances as of December 31, 2018 17,697,774 2,899,739 884,977 21,482,490 Assets before allowances ECL allowance As of December 31, 2018 Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 Net MCh$ MCh$ MCh$ Total MCh$ MCh$ MCh$ Total Assets Commercial loans 11,935,270 1,796,562 635,068 14,366,900 61,971 155,958 266,778 484,707 13,882,193 Mortgage loans 3,626,811 659,119 159,897 4,445,827 5,756 37,800 22,561 66,117 4,379,710 Consumer loans 2,135,693 444,058 90,012 2,669,763 70,765 84,842 61,689 217,296 2,452,467 Total 17,697,774 2,899,739 884,977 21,482,490 138,492 278,600 351,028 768,120 20,714,370 Note 10 – Loans and Accounts Receivable from Customers, continued As of December 31, 2017, the composition of the loan portfolio under IAS 39 is as follows: Gross assets Allowances for loan losses As of December 31, 2017 Normal Impaired Totals Individual Group Totals Net assets MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Commercial loans: Commercial loans 10,345,995 770,081 11,116,076 263,552 117,666 381,218 10,734,858 Foreign trade loans 650,959 49,774 700,733 21,617 7,638 29,255 671,478 Checking accounts debtors 131,332 8,016 139,348 1,903 2,848 4,751 134,597 Factoring transactions 140,375 363 140,738 270 93 363 140,375 Student loans 598,108 54,895 653,003 — 12,794 12,794 640,209 Leasing transactions 851,882 88,907 940,789 10,445 6,837 17,282 923,507 Other commercial loans and receivables 24,261 1,598 25,859 365 886 1,251 24,608 Subtotals 12,742,912 973,634 13,716,546 298,152 148,762 446,914 13,269,632 Mortgage loans: Loans with mortgage finance bonds 44,432 2,968 47,400 — 140 140 47,260 Endorsable mortgage mutual loans 127,153 8,766 135,919 — 1,816 1,816 134,103 Other mortgage mutual loans 3,507,384 153,516 3,660,900 — 23,736 23,736 3,637,164 Mortgage leasing transactions 272,544 9,591 282,135 — 8,960 8,960 273,175 Other mortgage loans and receivables 24,231 2,168 26,399 — 367 367 26,032 Subtotals 3,975,744 177,009 4,152,753 — 35,019 35,019 4,117,734 Consumer loans: Installment consumer loans 1,725,652 84,397 1,810,049 — 100,068 100,068 1,709,981 Checking account debtors 193,325 14,176 207,501 — 11,840 11,840 195,661 Credit card balances 405,786 15,383 421,169 — 19,664 19,664 401,505 Consumer leasing transactions 10,832 344 11,176 — 398 398 10,778 Other consumer loans and receivables 60,651 2,760 63,411 — 4,624 4,624 58,787 Subtotals 2,396,246 117,060 2,513,306 — 136,594 136,594 2,376,712 Totals 19,114,902 1,267,703 20,382,605 298,152 320,375 618,527 19,764,078 Normal portfolio This includes individual debtors in the Normal portfolio (A1 to A6) and in the Substandard portfolio (categories B1 and B2, only). For collectively assessed loans, it includes the Normal portfolio. Impaired Portfolio This includes individual debtors in the Non-compliant Non-compliant Guarantees taken by the Bank to secure collections of rights reflected in its loan portfolios are real mortgage-type guarantees (urban and rural property, farm land, ships and aircraft, mining claims and other assets) and pledges (inventory, farm assets, industrial assets, plantings and other pledged assets). As of December 31, 2018 and 2017, the fair value of guarantees taken corresponds to 136.48% and 126.76% of the assets covered, respectively. In the case of mortgage guarantees, as of December 31, 2018 and 2017, the fair value of the guarantees taken corresponds to 90.10% and 85.38% of the balance receivable on loans, respectively. The Bank finances its customers’ purchases of assets, including real estate and other personal property, through finance lease agreements that are presented within this item. As of December 31, 2018, the Bank recorded MCh$436,654 in finance leases for property (MCh$306,931 as of December 31, 2017) and MCh$809,826 in finance leases for real estate property (MCh$927,168 as of December 31, 2017). b. Portfolio characteristics As of December 31, 2018 and 2017, the loan portfolio before allowances for loan losses by customer economic activity was as follows: As of December 31, 2018 Local loans Foreign loans Totals Distribution percentage MCh$ MCh$ MCh$ % Commercial loans Manufacturing 982,497 114,714 1,097,211 5.11 % Mining 424,883 252,894 677,777 3.16 % Electricity, gas and water 600,667 356,706 957,373 4.46 % Agriculture and livestock 207,271 139,098 346,369 1.61 % Forestry and wood extraction 24,511 5,172 29,683 0.14 % Fishing 1,945 1,530 3,475 0.02 % Transport 509,354 191,047 700,401 3.26 % Communications 23,886 62,191 86,077 0.40 % Construction 1,436,096 310,530 1,746,626 8.13 % Commerce 861,291 758,817 1,620,108 7.54 % Services 2,735,023 1,137,037 3,872,060 18.02 % Others 2,436,337 793,403 3,229,740 15.03 % Subtotals 10,243,761 4,123,139 14,366,900 66.88 % Mortgage loans 3,852,962 592,865 4,445,827 20.70 % Consumer loans 1,750,986 918,777 2,669,763 12.43 % Total 15,847,709 5,634,781 21,482,490 100 % As of December 31, 2017 Local loans Foreign loans Totals Distribution percentage MCh$ MCh$ MCh$ % Commercial loans Manufacturing 784,608 255,883 1,040,491 5.10 % Mining 363,065 280,996 644,061 3.16 % Electricity, gas and water 589,067 347,416 936,483 4.59 % Agriculture and livestock 205,333 210,597 415,930 2.04 % Forestry and wood extraction 22,975 15,832 38,807 0.19 % Fishing 1,527 12,385 13,912 0.07 % Transport 461,486 206,991 668,477 3.28 % Communications 29,296 65,143 94,439 0.46 % Construction 1,368,057 270,063 1,638,120 8.04 % Commerce 815,184 897,666 1,712,850 8.40 % Services 2,616,171 1,164,562 3,780,733 18.55 % Others 2,322,773 409,470 2,732,243 13.40 % Subtotals 9,579,542 4,137,004 13,716,546 67.30 % Mortgage loans 3,635,993 516,760 4,152,753 20.37 % Consumer loans 1,544,062 969,244 2,513,306 12.33 % Total 14,759,597 5,623,008 20,382,605 100 % c. Allowances for loans losses Movements in allowances for loan losses during the year ended December 31, 2018, under IFRS 9, detailed as follows: Individually assessed Group assessed Stage 1 Stage 2 Stage 3 Subtotals Stage 1 Stage 2 Stage 3 Subtotals Totals 12-Month Lifetime Lifetime 12-Month Lifetime Lifetime Balances as of January 1, 2018 — 49,389 32,736 82,125 126,230 248,129 284,089 658,448 740,573 Changes in the allowances - Net transfers to stage 1 — — — — — 36,325 41,471 77,796 77,796 - Net transfer to stage 2 — — — — (5,233 ) — 49,097 43,864 43,864 - Net transfer to stage 3 — — — — (4,354 ) (22,811 ) — (27,165 ) (27,165 ) - Increases due to change in credit risk — 3,732 16,587 20,319 18,307 18,459 28,670 65,436 85,755 - Decreases due to change in credit risk — (532 ) (1,706 ) (2,238 ) (23,460 ) (27,162 ) (9,105 ) (59,727 ) (61,965 ) - Charge-offs (21,316 ) (18,559 ) (95,091 ) (134,966 ) (134,966 ) - Changes due to modifications that did not result in derecognition — New financial assets originated or purchased — 6,428 17,037 23,465 66,074 54,568 77,069 197,711 221,176 Financial assets that have been derecognized — (20,636 ) (15,355 ) (35,991 ) (19,950 ) (58,405 ) (78,728 ) (157,083 ) (193,074 ) Net transfer from (to) group assessed — 7,772 38,158 45,930 138 (1,761 ) (38,158 ) (39,781 ) 6,149 Foreign exchange and other movements 2,056 3,664 4,257 9,977 9,977 Balances as of December 31, 2018 — 46,153 87,457 133,610 138,492 232,447 263,571 634,510 768,120 The detail by type of portfolio (commercial, mortgage and consumer) is as follow: Individually assessed Group assessed Stage 1 Stage 2 Stage 3 Subtotals Stage 1 Stage 2 Stage 3 Subtotals Totals Commercial 12-Month Lifetime Lifetime 12-Month Lifetime Lifetime Balances as of January 1, 2018 — 49,389 32,736 82,125 63,093 131,854 211,463 406,410 488,535 Changes in the allowances - Net transfers to stage 1 — — — — — 14,148 24,174 38,322 38,322 - Net transfer to stage 2 — — — — (1,047 ) — 39,461 38,414 38,414 - Net transfer to stage 3 — — — — (3,426 ) (18,176 ) — (21,602 ) (21,602 ) - Increases due to change in credit risk — 3,732 16,587 20,319 8,594 6,716 12,823 28,133 48,452 - Decreases due to change in credit risk — (532 ) (1,706 ) (2,238 ) (12,651 ) (10,713 ) (8,321 ) (31,685 ) (33,923 ) - Charge-offs (10,983 ) (7,447 ) (57,566 ) (75,996 ) (75,996 ) - Changes due to modifications that did not result in derecognition — New financial assets originated or purchased — 6,428 17,037 23,465 27,419 16,594 42,544 86,557 110,022 Financial assets that have been derecognized — (20,636 ) (15,355 ) (35,991 ) (10,395 ) (23,782 ) (50,516 ) (84,693 ) (120,684 ) Net transfer from (to) group assessed — 7,772 38,158 45,930 138 (1,761 ) (38,158 ) (39,781 ) 6,149 Foreign exchange and other movements 1,229 2,372 3,417 7,018 7,018 Balances as of December 31, 2018 — 46,153 87,457 133,610 61,971 109,805 179,321 351,097 484,707 Stage 1 Stage 2 Stage 3 Mortgage 12-Month Lifetime Lifetime Totals Balances as of January 1, 2018 3,962 37,460 19,049 60,471 Changes in the allowances - Transfer to stage 1 — 5,344 2,644 7,988 - Transfer to stage 2 (206 ) — 4,253 4,047 - Transfer to stage 3 (73 ) (2,918 ) — (2,991 ) - Increases due to change in credit risk 1,203 5,921 1,619 8,743 - Decreases due to change in credit risk (394 ) (7,002 ) (321 ) (7,717 ) - Write-Offs — (13 ) (2,491 ) (2,504 ) - Changes due to modifications that did not result in derecognition — New financial assets originated or purchased 1,639 1,577 405 3,621 Financial assets that have been derecognized (399 ) (2,792 ) (2,710 ) (5,901 ) Changes in models/risk parameters — Foreign exchange and other movements 24 223 113 360 Balances as of December 31, 2018 5,756 37,800 22,561 66,117 Consumer Stage 1 Stage 2 Stage 3 Totals 12-Month Lifetime Lifetime Balances as of January 1, 2018 59,175 78,815 53,577 191,567 Changes in the allowances - Transfer to stage 1 — 16,833 14,653 31,486 - Transfer to stage 2 (3,980 ) — 5,383 1,403 - Transfer to stage 3 (855 ) (1,717 ) — (2,572 ) - Increases due to change in credit risk 8,510 5,822 14,228 28,560 - Decreases due to change in credit risk (10,415 ) (9,447 ) (463 ) (20,325 ) - Write-Offs (10,333 ) (11,099 ) (35,034 ) (56,466 ) - Changes due to modifications that did not result in derecognition New financial assets originated or purchased 37,016 36,397 34,120 107,533 Financial assets that have been derecognized (9,156 ) (31,831 ) (25,502 ) (66,489 ) Changes in models/risk parameters Foreign exchange and other movements 803 1,069 727 2,599 Balances as of December 31, 2018 70,765 84,842 61,689 217,296 Movements in credit risk provisions during the years ended December 31, 2017, under IAS 39, detailed as follows: Note Individual Group Total MCh$ MCh$ MCh$ Balances as of January 1, 2017 366,058 193,246 559,304 Portfolio charge-offs Commercial loans (69,702 ) (39,648 ) (109,350 ) Mortgage loans — (8,303 ) (8,303 ) Consumer loans — (115,708 ) (115,708 ) Total charge-offs (69,702 ) (163,659 ) (233,361 ) Allowances established 338,701 480,567 819,268 Allowances released (302,504 ) (169,801 ) (472,305 ) Application of provisions (9,760 ) — (9,760 ) Exchange rate differences (24,641 ) (19,978 ) (44,619 ) Balances as of December 31, 2017 10a ) 298,152 320,375 618,527 d. Portfolio sales As of December 31, 2018 and 2017, the Bank and its subsidiaries engaged in portfolio purchases and sales. The effect on result of these transactions amounts to MCh$1,602 as of December 31, 2018 (MCh$15,121 as of December 31, 2017), the effect on income of these transactions as a whole does not exceed 5% of before tax profit for the year, and is recorded within net gains from trading and investment income activities in the consolidated statement of income for the year, disclosed in Note 25 “Net income (expense) from financial operations” within “Sale of loans and accounts receivable from customers”. d.1 Current and charged-off As of December 31, 2018 and 2017, the Bank and its subsidiaries derecognized 100% of its sold portfolio, thus complying with the requirements of the accounting policy for derecognizing financial assets and liabilities in Note 1, letter l), point iv) of the annual Consolidated Financial Statements. The main sales during 2018 and 2017 were of loans related to Law 20,027, which are detailed in point d.2). For the year ended December 31, 2018 For the year ended December 31, 2017 Portfolio Loan value Allowances Sale price Adjustment to EIR Net effect on income Loan value Allowances Sale price Adjustment Net effect on MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Current 62,261 24,797 24,662 — (12,802 ) 22,739 5,619 14,715 — (2,405 ) Charged-off — — 1,132 — 1,132 — — 1,674 — 1,674 Totals 62,261 24,797 25,794 — (11,670 ) 22,739 5,619 16,389 — (731 ) d.2 CAE portfolio sale For the year ended December 31, 2018, a gain was recognized amounting to MCh$13,272 (MCh$15,852 for the year ended December 31, 2017) corresponding to the income generated in the sale included directly in the Consolidated Statement of Income under “Net income from financial operations”. An adjustment to the effective interest rate for MCh$11,768 as of December 31, 2018 (MCh$14,058 as of December 31, 2017) is allocated to the portion of the CAE portfolio that was classified as loans at amortized cost, recognizing an effective interest rate equivalent for all these operations, according to IFRS 9 (IAS 39 in 2017). For the year ended December 31, 2018 For the year ended December 31, 2017 Portfolio Loan value Allowances Sale price Adjustment Net effect on Loan value Allowances Sale Adjustment Net effect on MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ CAE 95,521 119 120,442 11,768 13,272 118,027 212 147,725 14,058 15,852 e. Lease As of December 31, 2018 and 2017, the Bank’s scheduled cash flows to be received from finance lease contracts have the following maturities: Total receivable Unearned income Net lease receivable As of December 31, As of December 31, As of December 31, 2018 2017 2018 2017 2018 2017 MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Up to 1 month 29,177 29,846 1,310 3,677 27,867 26,169 More than 1 month to 3 months 31,278 32,672 2,636 2,857 28,642 29,815 More than 3 months up to 1 year 116,526 120,691 10,621 11,596 105,905 109,095 More than 1 year up to 3 years 257,976 262,576 31,491 33,717 226,485 228,859 More than 3 years up to 6 years 284,920 283,010 54,922 57,453 229,998 225,557 More than 6 years 1,077,447 1,062,625 449,864 448,020 627,584 614,605 Totals 1,797,324 1,791,420 550,844 557,320 1,246,481 1,234,100 As of December 31, 2018 2017 Leasing transactions MCh$ MCh$ Commercial 928,160 940,789 Mortgage 312,118 282,135 Consumer 6,203 11,176 Totals 1,246,481 1,234,100 |
Investment instruments
Investment instruments | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Investment instruments | a) Financial instruments at fair value through other comprehensive income and at amortized cost—under IFRS 9 As of December 31, 2018, the detail of financial instruments measured at FVOCI and at amortized cost is as follows: As of December 31, 2018 At FVTOCI At amortized cost Totals MCh$ MCh$ MCh$ Securities quoted in active markets Chilean Central Bank and Government securities Chilean Central Bank securities 411,431 — 411,431 Chilean Treasury bonds 913,041 — 913,041 Other government securities 27,612 — 27,612 Other local institutions financial instruments Time deposits in local banks 185,501 — 185,501 Mortgage finance bonds 50 — 50 Chilean financial institutions bonds — — — Other local financial investments 5,979 — 5,979 Foreign institutions financial instruments Foreign Governments and Central Banks financial instruments 769,693 198,923 968,616 Other foreign financial instruments 332,560 — 332,560 Investments not quoted in active markets Corporate bonds 4,909 — 4,909 Other financial instruments at FVOCI 6,378 — 6,378 Totals 2,657,154 198,923 2,856,077 As of December 31, 2018 this total includes MCh$178,671, included in Note 5 “Cash and cash equivalents,” which corresponds to those financial instruments with maturities that do not exceed three months from their dates of acquisition. As of December 31, 2018, the portfolio at FVTOCI includes an unrealized gain of MCh$25,450, presented in Equity as valuation accounts, distributed among a gain of MCh$17,793 attributable to equity holders and a gain of MCh$7,657 attributable to non-controlling Impairment As of December 31, 2018 the portfolio of debt securities classified as investment instruments at fair value through other comprehensive income includes impairment movements as summarized below: Financial instruments at FVOCI Stage 1 Stage 2 Stage 3 Totals 12-Month ECL Lifetime ECL Lifetime ECL Balances as of December 31, 2017 — — — — Restatement of the prior year due to IFRS 9 adoption 520 — — 520 Balances as of January 1, 2018 520 — — 520 Changes in the allowances - Transfer to stage 1 — — — — - Transfer to stage 2 — — — — - Transfer to stage 3 — — — — - Increases due to change in credit risk — — — — - Decreases due to change in credit risk — — — — - Charge-offs — — — — - Changes due to modifications that did not result in derecognition — — — — New financial assets originated or purchased 25 — — 25 Financial assets that have been derecognized (411 ) — — (411 ) Changes in models/risk parameters — — — — Foreign exchange and other movements — — — — Balances as of December 31, 2018 134 — — 134 As of December 31, 2018 the portfolio of investment instruments at amortized cost includes impairment movements as summarized below: Financial instruments at Amortized cost Stage 1 Stage 2 Stage 3 Totals 12-Month ECL Lifetime ECL Lifetime ECL Balances as of December 31, 2017 — — — — Restatement of the prior year due to IFRS 9 adoption 37 — — 37 Balances as of January 1, 2018 37 — — 37 Changes in the allowances - Transfer to stage 1 — — — — - Transfer to stage 2 — — — — - Transfer to stage 3 — — — — - Increases due to change in credit risk — — — — - Decreases due to change in credit risk (50 ) — — (50 ) - Charge-offs — — — — - Changes due to modifications that did not result in derecognition — — — — New financial assets originated or purchased — — — — Financial assets that have been derecognized — — — — Changes in models/risk parameters — — — — Foreign exchange and other movements — — — — Balances as of December 31, 2018 (13 ) — — (13 ) Unrealized gains and losses of the portfolio at FVTOCI Unrealized gains and losses of the FVTOCI portfolio as of December 31, 2018 are detailed as follows: As of December 31, 2018 Acquisition cost Unrealized Fair value Gain Losses Securities quoted in active markets Chilean Central Bank and Government securities Chilean Central Bank instruments 411,223 533 (325 ) 411,431 Chilean Treasury bonds 911,596 2,458 (1,013 ) 913,041 Other government securities 28,131 — (519 ) 27,612 Other local institutions financial instruments Time deposits in local banks 185,468 70 (37 ) 185,501 Mortgage finance bonds 50 — — 50 Chilean financial institutions bonds — — — — Other local financial investments 4,001 1,978 — 5,979 Foreign institutions financial instruments Foreign governments and Central Banks financial instruments 752,791 24,505 (7,603 ) 769,693 Other foreign financial instruments 329,196 5,741 (2,377 ) 332,560 Investments not quoted in active markets Corporate bonds 4,924 5 (20 ) 4,909 Other financial instruments at FVOCI 4,324 2,054 — 6,378 Totals 2,631,704 37,344 (11,894 ) 2,657,154 b) Investment instruments - under IAS 39 As of December 31, 2017, the detail of available for sale and held to maturity financial instruments is as follows: As of December 31, 2017 Available for sale Held to maturity Total MCh$ MCh$ MCh$ Securities quoted in active markets Chilean Central Bank and Government securities Chilean Central Bank securities 687,945 — 687,945 Chilean Treasury bonds 1,081,879 — 1,081,879 Other government securities 14,053 — 14,053 Other local institutions financial instruments Time deposits in local banks 114,038 — 114,038 Mortgage finance bonds 64 — 64 Chilean financial institutions bonds 9,032 — 9,032 Other local financial investments 6,159 — 6,159 Foreign institutions financial instruments Foreign governments and Central Banks financial instruments 420,687 — 420,687 Other foreign financial instruments 300,740 202,030 502,770 Investments not quoted in active markets Corporate bonds 18,469 — 18,469 Other financial instruments 10,412 — 10,412 Total 2,663,478 202,030 2,865,508 As of December 31, 2017 this total includes MCh$15,775, included in Note 5 “Cash and cash equivalents,” which corresponds to those financial instruments with maturities that do not exceed three months from their dates of acquisition. As of December 31, 2017, the portfolio of available for sale includes an unrealized gain of MCh$24,552, presented as equity reserve accounts, distributed among a profit of MCh$16,592 attributable to equity holders and a gain of MCh$7,960 attributable to non-controlling Impairment of investm nt instruments The Bank’s portfolio of fair value through other comprehensive income does not present impairment as of December 31, 2017. The detail of investments quoted in non-active Itaú Corpbanca reviewed the instruments with unrealized losses as of December 31, 2017, concluding that they were not impairments other than temporary. Therefore, they do not imply adjustments to results of the fiscal year. Unrealized gains and losses of the available for sale portfolio Unrealized gains and losses of the available for sale portfolio as of December 31, 2017 are detailed as follows: As of December 31, 2017 Amortized cost Unrealized Fair value Gain Losses Securities quoted in active markets Chilean Central Bank and Government securities Chilean Central Bank securities 688,770 806 (1,631 ) 687,945 Chilean Treasury bonds 1,081,633 3,526 (3,280 ) 1,081,879 Other government securities 14,206 — (153 ) 14,053 Other local institutions financial instruments Time deposits in local banks 114,073 — (35 ) 114,038 Mortgage finance bonds 64 — — 64 Chilean financial institutions bonds 9,034 25 (27 ) 9,032 Other local financial investments 3,942 2,217 — 6,159 Foreign institutions financial instruments Foreign Governments and Central Banks financial instruments 416,995 3,921 (229 ) 420,687 Other foreign financial instruments 281,833 19,090 (183 ) 300,740 Investments not quoted in active markets Corporate bonds 17,964 505 — 18,469 Other financial instruments 10,412 — — 10,412 Totals 2,638,926 30,090 (5,538 ) 2,663,478 |
Intangible assets
Intangible assets | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Intangible assets | Note 12 – Intangible assets a. Composition of intangibles assets as of December 31, 2018 and 2017 is as follows: Concept Useful Remaining Net assets as Gross Accumulated Net assets as 31, 2018 MCh$ MCh$ MCh$ MCh$ Computer equipment system or software 6 3 113,355 263,179 (111,339 ) 151,840 IT projects and licenses 6 2 16,663 42,601 (29,987 ) 12,614 Assets generated in business combination 1,431,990 1,518,599 (112,583 ) 1,406,016 Goodwill — — 1,126,663 1,135,392 — 1,135,392 Trademarks 10 8 42,106 51,432 (14,430 ) 37,002 Customer relationship 12 10 76,038 93,591 (24,332 ) 69,259 Core deposits 9 7 187,183 238,184 (73,821 ) 164,363 Other projects 10 1 646 3,645 (3,151 ) 494 Totals 1,562,654 1,828,024 (257,060 ) 1,570,964 Concept Useful Remaining Net assets as Gross Accumulated Net assets as 31, 2017 MCh$ MCh$ MCh$ MCh$ Computer equipment system or software 6 5 87,324 203,080 (89,725 ) 113,355 IT projects and licenses 6 5 21,300 42,474 (25,811 ) 16,663 Assets generated in business combination 1,505,034 1,502,615 (70,625 ) 1,431,990 Goodwill 1,145,308 1,126,663 — 1,126,663 Trademarks 10 9 47,209 51,417 (9,311 ) 42,106 Customer relationship 12 11 89,827 91,046 (15,008 ) 76,038 Core deposits 9 8 222,690 233,489 (46,306 ) 187,183 Other projects 10 1 817 3,645 (2,999 ) 646 Totals 1,614,475 1,751,814 (189,160 ) 1,562,654 b. Movements on gross balances of intangible assets as of December 31, 2018 and 2017 are as follows: Computer IT projects Assets Goodwill Other Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2018 203,080 42,474 375,952 1,126,663 3,645 1,751,814 Acquisitions 58,085 111 — — — 58,196 Disposals (147 ) — — — — (147 ) Exchange differences 2,161 16 7,255 8,729 — 18,161 Balances as of December 31, 2018 263,179 42,601 383,207 1,135,392 3,645 1,828,024 Computer IT projects Assets Goodwill Other Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2017 162,385 42,447 391,583 1,145,308 3,645 1,745,368 Acquisitions 42,867 36 — — — 42,903 Disposals (123 ) — — — — (123 ) Exchange differences (2,049 ) (9 ) (15,631 ) (18,645 ) — (36,334 ) Balances as of December 31, 2017 203,080 42,474 375,952 1,126,663 3,645 1,751,814 c. Computer IT projects and Assets Other projects Totals MCh$ MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2018 (89,725 ) (25,811 ) (70,625 ) (2,999 ) (189,160 ) Amortization for the year (20,868 ) (4,164 ) (40,976 ) (150 ) (66,158 ) Exchange differences (746 ) (12 ) (982 ) (2 ) (1,742 ) Balances as of December 31, 2018 (111,339 ) (29,987 ) (112,583 ) (3,151 ) (257,060 ) Computer IT projects and Assets Other projects Totals MCh$ MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2017 (75,061 ) (21,147 ) (31,857 ) (2,828 ) (130,893 ) Amortization for the year (16,607 ) (4,672 ) (41,038 ) (158 ) (62,475 ) Exchange differences 1,943 8 2,270 (13 ) 4,208 Balances as of December 31, 2017 (89,725 ) (25,811 ) (70,625 ) (2,999 ) (189,160 ) d. Impairment Itaú Corpbanca evaluates, at the end of each reporting period, whether there is any indication of impairment of any asset (including Goodwill). If this indication exists, or when an impairment test is required, the Bank estimates the recoverable amount of the asset. As of December 31, 2018 and 2017 there is no indication nor concrete evidence of impairment (see details in note 30). As of the date of these Consolidated Financial Statements, there have been no events that require the recognition of impairment. e. Restrictions Itaú Corpbanca and its subsidiaries have no restrictions on intangible assets as of December 31, 2018 and 2017. In addition, no intangible assets have been pledged as collateral to secure the fulfillment of any obligations. Moreover, there are no amounts owed by the Bank on intangible assets as of the aforementioned dates. |
Property, plant and equipment
Property, plant and equipment | 12 Months Ended |
Dec. 31, 2018 | |
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Property, plant and equipment | Note 13 – Property, plant and equipment a. Property, plant and equipment as of December 31, 2018 and 2017 are broken down as follows. Useful life Remaining Net assets as 1, 2018 Gross Accumulated Net assets as of December 31, 2018 MCh$ MCh$ MCh$ MCh$ Land and buildings 19 14 83,151 65,843 (22,778 ) 43,065 Equipment 3 1 25,160 80,383 (47,776 ) 32,607 Others 3 2 22,268 50,248 (30,356 ) 19,892 Furniture 10,357 27,440 (18,067 ) 9,373 Leased assets — 28 (28 ) — Others 11,911 22,780 (12,261 ) 10,519 Totals 130,579 196,474 (100,910 ) 95,564 Useful life Remaining Net assets as 1, 2017 Gross Accumulated Net assets as of December 31, 2017 MCh$ MCh$ MCh$ MCh$ Land and buildings 25 16 78,034 118,481 (35,330 ) 83,151 Equipment 5 1 25,997 65,018 (39,858 ) 25,160 Others 8 3 17,012 50,773 (28,505 ) 22,268 Furniture 8,418 27,860 (17,503 ) 10,357 Leased assets 50 28 (28 ) — Others 8,544 22,885 (10,974 ) 11,911 Totals 121,043 234,272 (103,693 ) 130,579 The useful life presented in the preceding tables, corresponds to the total useful life and residual useful life for the property, plant and equipment. Total useful lives have been determined based on our expected use of the assets, considering quality of the original construction, the environment in which the assets are located, quality and degree of maintenance carried out, and appraisals performed by external experts of the Bank. b. Movements on gross balances as of December 31, 2018, and 2017, are as follows: Land and buildings Equipment Other Totals MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2018 118,481 65,018 50,773 234,272 Acquisitions 6,207 16,253 2,296 24,756 Sales and/or disposals for the year (14,010 ) (2,334 ) (3,187 ) (19,531 ) Reclassification to assets held for sale (*) (45,123 ) (101 ) (101 ) (45,325 ) Exchange differences 288 1,547 467 2,302 Balances as of December 31, 2018 65,843 80,383 50,248 196,474 (*) See detail in Note 15 “Other assets and non-current Land and buildings Equipment Other Totals MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2017 107,989 62,007 42,726 212,722 Acquisitions 27,125 7,853 9,274 44,252 Sales and/or disposals for the year (12,636 ) (2,241 ) (952 ) (15,829 ) Exchange differences (3,997 ) (2,601 ) (275 ) (6,873 ) Balances as of December 31, 2017 118,481 65,018 50,773 234,272 c. Movements of accumulated depreciation of property, plant and equipment for years ended December 31, 2018 and 2017, are as follows: Land and buildings Equipment Other Total MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2018 (35,330 ) (39,858 ) (28,505 ) (103,693 ) Depreciation for the year (7,833 ) (9,182 ) (3,644 ) (20,659 ) Sales and/or disposals for the year 6,796 2,237 2,429 11,462 Reclassification to assets held for sale (*) (883 ) (987 ) (705 ) (2,575 ) Exchange differences 14,472 42 69 14,583 Impairment — (28 ) — (28 ) Balances as of December 31, 2018 (22,778 ) (47,776 ) (30,356 ) (100,910 ) (*) See detail in Note 15 “Other assets and non-current Land and buildings Equipment Other Total MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2017 (29,955 ) (36,010 ) (25,714 ) (91,679 ) Depreciation of the year (7,218 ) (8,054 ) (4,098 ) (19,370 ) Sales and/or disposals for the year — 2,178 481 2,659 Exchange Differences 1,843 2,055 826 4,724 Impairment — (27 ) — (27 ) Balances as of December 31, 2017 (35,330 ) (39,858 ) (28,505 ) (103,693 ) d. As of December 31, 2018 and 2017, the Bank has contracts of operating lease that cannot be cancel unilaterally. The information for future payments is as follows : Future operating lease payments for land, buildings and equipment Up to 1 year Between 1 and Over 5 Totals MCh$ MCh$ MCh$ MCh$ As of December 31, 2018 23,140 59,171 54,892 137,203 As of December 31, 2017 23,021 76,949 103,195 203,165 e. As of December 31, 2018 and 2017, the Bank holds finance lease contracts that cannot be rescinded or unilaterally terminated. The future payment information is detailed as follows: Future financial leasing payments for land, buildings and equipment Up to 1 year Between 1 and Over 5 Totals MCh$ MCh$ MCh$ MCh$ As of December 31, 2018 9,373 181,804 45,451 236,628 As of December 31, 2017 9,078 43,730 43,730 96,538 f. The Bank and subsidiaries have no restrictions on property, plant and equipment as of December 31, 2018 and 2017. Additionally, property, plant and equipment has not been pledged to ensure compliance with obligations. Furthermore, there are no amounts owed by the Bank on property, plant and equipment as of the aforementioned dates. |
Current Taxes and Deferred Taxe
Current Taxes and Deferred Taxes | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Current Taxes and Deferred Taxes | Note 14 – Current Taxes and Deferred Taxes a) Current taxes At the end of each reporting period, the Bank and subsidiaries recognize a First Category Income Tax Provision, which is determined based on currently enacted tax legislation. The net provision for current taxes recognized as of December 31, 2018 was MCh$121,938 (MCh$237,828 as of December 31, 2017), according to the following detail: a.1) Current taxes assets and liabilities by geographical area: As of December 31, 2018 As of December 31, 2017 Chile USA (*) Colombia Totals Chile USA (*) Colombia Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Current tax assets 68,094 2,161 52,874 123,129 202,093 — 36,359 238,452 Current tax liabilities (528 ) — (663 ) (1,191 ) (624 ) — — (624 ) Totas, net 67,566 2,161 52,211 121,938 201,469 — 36,359 237,828 a.2) Details of current tax items by geographical area: As of December 31, 2018 As of December 31, 2017 Chile USA (*) Colombia Total Chile USA (*) Colombia Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Income tax (81,487 ) — (14,273 ) (95,760 ) (8,332 ) — (11,357 ) (19,689 ) — — — — Less: — — — — Monthly Provisional Payment 21,424 — 1,544 22,968 49,529 — 2,940 52,469 Tax Credit for Training Costs 800 — — 800 — — — — Tax Credit Donations 745 — — 745 831 — — 831 Other taxes to be recovered (**) 126,084 2,161 64,940 193,185 159,441 — 44,776 204,217 Totals 67,566 2,161 52,211 121,938 201,469 — 36,359 237,828 (*) Corresponds to the subsidiary located in New York. (**) The other taxes to be recovered correspond mainly to monthly provisional payments paid in previous years, credits for training expenses, provisional payments for absorbed utilities with right to return, among others. b) Effect on income The tax expense for the years ended December 31, 2018, 2017 and 2016 is comprised of the following items: 2018 2017 2016 MCh$ MCh$ MCh$ Income tax expense Current tax expense (95,760 ) (19,689 ) (19,326 ) Deferred taxes Deferred tax expenses 28,110 74,611 23,105 Subtotals (67,650 ) 54,922 3,779 Others 591 (2,051 ) (211 ) Net expense for income taxes (67,059 ) 52,871 3,568 c) Effective tax rate reconciliation The following table reconciles the income tax rate to the effective rate applied to determine the Bank’s income tax expense as of December 31, 2018, 2017 and 2016. The nominal tax rates of the countries where consolidated subsidiaries are located are: 2018 2017 2016 Tax rates Tax rates Tax rates Chile 27.0 % 25.5 % 24.0 % Colombia 37.0 % 40.0 % 40.0 % USA 21.0 % 35.0 % 35.0 % For the years ended December 31, 2018 2017 2016 Tax rate Amount Tax rate Amount Tax rate Amount % MCh$ % MCh$ % MCh$ Amount calculated by using the statutory rates 27.00 (63,157 ) 25.50 (2,538 ) 24.00 (2,617 ) Exchange differences due to investments in Colombia 13.47 (31,499 ) (204.84 ) 20,390 (1.06 ) 116 Equity price level restatement for tax purposes (9.49 ) 22,188 (141.93 ) 14,128 (129.59 ) 14,132 Local tax for USA and Panama income 0.02 (54 ) (98.46 ) 9,801 57.55 (6,276 ) Effect of rate change Chile — — (51.68 ) 5,144 (36.27 ) 3,955 Tax Reform USA 35%-21% — — 95.21 (9,477 ) — — Effect of rate change Colombia (0.01 ) 20 47.07 (4,685 ) (21.57 ) 2,352 Effect of rates New York subsidiary (**) (0.18 ) 433 14.65 (1,458 ) (20.52 ) 2,238 Effect of rates Colombia subsidiary (**) 0.50 (1,173 ) (54.55 ) 5,430 (34.06 ) 3,714 Penalty fee SBIF 0.69 (1,616 ) — — — — Permanent and other differences (*) (3.33 ) 7,799 (162.11 ) 16,136 128.80 (14,046 ) Totals 28.67 (67,059 ) (531.14 ) 52,871 (32.72 ) 3,568 (*) Other includes, mainly, a) benefits derived from the tax effect of goodwill from business combinations in Colombia made by Corpbanca prior to the acquisition of Itaú, amounting to MCh$ 11,276 in 2018, MCh$20,568 in 2017, and MCh$14,276 in 2016 and b) the 2016 period includes effects of wealth tax in Colombia and one-time (**) This line reflects the differences in tax rates in other jurisdictions, based on the Bank’s consolidated results. d) Other comprehensive income – tax effects The table below sets for a summary of the deferred tax effect on other comprehensive income for the years ended December 31, 2018, 2017 and 2016, which consists of the following items: d.1 Tax effect of “OCI” that may be reclassified subsequently to profit or loss: 2018 2017 2016 MCh$ MCh$ MCh$ Financial instruments at fair value through other comprehensive income (2,172 ) — — Available for sale investments — (3,333 ) (4,025 ) Hedge of a net investment in foreign operations 10,565 (14,211 ) (2,685 ) Cash flow hedge (1,669 ) 44 1,345 Total charge to other comprehensive income 6,724 (17,500 ) (5,365 ) d.2 “OCI” that may not be reclassified subsequently to profit or loss: 2018 2017 2016 MCh$ MCh$ MCh$ Income tax relating to defined benefit obligation (44 ) (6 ) 1,090 Total charge to other comprehensive income (44 ) (6 ) 1,090 e) Effect of deferred taxes e.1) Detail of effects for deferred taxes presented in assets and liabilities is as follows: As of December 31, 2018 As of December 31, 2017 Assets (*) Liabilities (*) Net Assets (*) Liabilities (*) Net MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Allowances for loan losses 124,408 — 124,408 105,479 17,621 123,100 Accrued interest on past due portfolio 7,377 — 7,377 6,970 — 6,970 Unearned price differences 288 — 288 220 — 220 Personnel provisions 18,220 (155 ) 18,065 7,891 4,659 12,550 Miscellaneous provisions 51,033 — 51,033 29,803 4,225 34,028 Tax losses 62,685 — 62,685 25,753 46,166 71,919 Net tax value of amortizable assets 14,739 — 14,739 20,683 — 20,683 Depreciation of property, plant and equipment (42,581 ) — (42,581 ) (34,169 ) (11,687 ) (45,856 ) Lease division and others 19,261 — 19,261 25,392 4,175 29,567 Mark to market of financial instruments (26,821 ) 138 (26,683 ) (12,259 ) (26,730 ) (38,989 ) Itaú-Corpbanca business combination (61,521 ) — (61,521 ) (18,139 ) (50,158 ) (68,297 ) Others 11,598 (454 ) 11,144 (16,939 ) (14,625 ) (31,564 ) Totals assets (liabilities) for deferred taxes 178,686 (471 ) 178,215 140,685 (26,354 ) 114,331 e.2 Deferred taxes by geographic area: As of December 31, 2018 As of December 31, 2017 Chile USA Colombia Total Chile USA Colombia Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Deferred tax assets 130,883 20,311 27,492 178,686 125,917 14,768 — 140,685 Deferred tax liabilities — — (471 ) (471 ) (53 ) — (26,301 ) (26,354 ) Net by geographic area 130,883 20,311 27,021 178,215 125,864 14,768 (26,301 ) 114,331 Effects of deferred taxes on assets and liabilities arising from temporary differences (by geographic area) are as follows: As of December 31, 2018 As of December 31, 2017 Chile USA Colombia Total Chile USA Colombia Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Allowances for loan losses 99,621 (4,531 ) 29,318 124,408 93,864 11,615 17,621 123,100 Accrued interest on past due portfolio 7,377 — — 7,377 6,970 — — 6,970 Unearned price differences 288 — — 288 220 — — 220 Personnel provisions 13,871 139 4,055 18,065 7,829 282 4,439 12,550 Miscellaneous provisions 43,824 3,843 3,366 51,033 28,582 1,221 4,225 34,028 Tax losses 2,460 11,034 49,191 62,685 16,607 9,146 46,166 71,919 Net tax value of amortizable assets 14,739 — — 14,739 20,683 — — 20,683 Depreciation of property, plant and equipment (37,513 ) — (5,068 ) (42,581 ) (34,308 ) — (11,548 ) (45,856 ) Lease division and others 9,422 — 9,839 19,261 25,392 — 4,175 29,567 Mark to market of financial instruments (6,535 ) — (20,148 ) (26,683 ) (12,259 ) — (26,730 ) (38,989 ) Itaú-Corpbanca business combination (16,613 ) — (44,908 ) (61,521 ) (18,139 ) — (50,158 ) (68,297 ) Others (58 ) 9,826 1,376 11,144 (9,577 ) (7,496 ) (14,491 ) (31,564 ) Totals assets (liabilities), net 130,883 20,311 27,021 178,215 125,864 14,768 (26,301 ) 114,331 |
Other assets and assets non-cur
Other assets and assets non-current assets held for sale | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Other assets and assets non-current assets held for sale | non-current a) The detail of other assets is as follows: As of December 31, 2018 2017 MCh$ MCh$ Assets for leasing (1) 33,991 25,741 Other assets 467,806 403,284 Deposits in guarantee 30,016 28,539 Accounts and notes receivable (2) 147,248 167,450 Rights on brokerage transactions 52,361 33,247 Repossessed assets from leasing transactions 5,368 9,733 Hedge accounting valuation adjustments 12,800 13,980 Rentals paid in advance (3) 5,698 7,960 Prepaid expenses (4) 19,674 13,501 Collateral for financial transactions (threshold) 155,641 88,520 Claims receivable from insurance companies 360 690 Asset management fees receivable 1,496 986 Insurance brokerage fees receivable 6,537 4,236 Other assets 30,607 34,442 Totals 501,797 429,025 (1) Property, plant and equipment acquired to be ceded under financial leases. (2) This includes rights and accounts receivable that fall outside the Bank’s line of business such as tax credits, cash guarantee deposits and other balances pending of collection. (3) Leases paid in advance to SMU S.A. in connection with ATM locations (see Note 32, letter b) (4) Includes payments made in advance for different services that will be received (leases, insurance, and others). b) The detail of non-currents As of December 31, 2018 2017 MCh$ MCh$ Assets received in lieu of payment 29,060 18,308 Property, plant and equipment held for sale (1) 30,742 — Totals 59,802 18,308 (1) Corresponds to buildings owned by Itaú Corpbanca Colombia S.A. held for sale, as approved by the Board of Directors of the entity, during the meeting held on July 31, 2018. |
Deposits and Other Demand Liabi
Deposits and Other Demand Liabilities and Time Deposits | 12 Months Ended |
Dec. 31, 2018 | |
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Deposits and Other Demand Liabilities and Time Deposits | Note 16 – Deposits and Other Demand Liabilities and Time Deposits a) As of December 31, 2018 and 2017 deposits and other demand liabilities are as follow: As of December 31, 2018 2017 MCh$ MCh$ Checking accounts 2,570,436 2,473,283 Other deposits and demand accounts 1,396,573 1,363,017 Advance payments received from customers 79,801 131,169 Other demand liabilities 253,665 174,198 Totals 4,300,475 4,141,667 b) As of December 31, 2018 and 2017 the composition of time deposits and other time liabilities is as follows: As of December 31, 2018 2017 MCh$ MCh$ Time deposits 10,093,703 10,036,583 Time savings accounts 27,156 28,410 Other time liabilities 252 250 Totals 10,121,111 10,065,243 |
Interbank Borrowings
Interbank Borrowings | 12 Months Ended |
Dec. 31, 2018 | |
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Interbank Borrowings | Note 17 – Interbank Borrowings a. As of December 31, 2018 and 2017, interbank borrowings are as follows: As of December 31, 2018 2017 MCh$ MCh$ Loans obtained from local financial institutions Banco de Chile — 21,958 Banco BTG Pactual Chile 5,863 — Subtotals 5,863 21,958 Loans obtained from foreign financial institutions Sumitomo Mitsui Banking Corporation 242,883 145,156 Wells Fargo Bank, N.A. 209,615 157,029 Credicorp Capital SASAF 175,326 125,706 Bank of America, N.A. 153,546 248,514 IFC Corporación Financiera Internacional 145,817 187,507 Citibank N.A. 118,975 168,232 Scotia Fondos Sociedad Administradora de Fondos S.A. 108,979 62,205 Bank of Montreal 106,586 42,836 Corporación Andina de Fomento 104,273 30,724 BNP Paribas 91,072 39,480 Banco Crédito del Perú 90,022 31,031 Bancoldex S.A. (Colombia) 80,394 100,834 Commerzbank A.G. 75,032 89,274 BBVA Asset Management Continental S.A. (Perú) 73,481 39,791 Standard Chartered Bank 68,169 140,397 Bank of Nova Scotia 65,802 65,442 Banco Latinoamericano de Exportación 52,817 57,132 Interfondos S.A. Sociedad Administradora de Fondos 45,149 19,906 HSBC USA 43,214 15,362 Findeter S.A. Financiera del Desarrollo Territorial 38,364 49,528 Cobank C.B. 33,850 9,108 Mizuho Corporate Bank 31,763 39,480 Ing Bank NV 30,874 16,965 Apple Bank for Saving 18,147 12,290 Bancaribe Curacao Bank N.V. 12,694 13,831 Export Development Canada 11,199 30,724 Banco de Bogotá 8,560 4,118 China Construction Bank 5,155 14,133 Fondos SURA SAF S.A.C. 2,827 25,436 Shanghai Commercial & Savings Bank 2,244 6,145 The Export-IM 2,244 6,145 Bayern Landesbank 2,237 11,245 Banco República 1,805 15,119 Scotiabank Perú S.A 1,457 — Corporación Financiera de Desarrollo S.A (Cofide) — 10,407 Mercantil CA Banco Universal — 17,395 Deg Deutsche Investitions — 21,410 Kookmin Bank of New York — 12,324 Other banks 67,288 91,811 Subtotals 2,321,860 2,174,172 Totals 2,327,723 2,196,130 c. Interbank borrowings from financial institutions by maturity is as follows: As of December 31, 2018 2017 MCh$ MCh$ Within 1 year 1,829,814 1,475,588 After 1 year but within 2 years 319,870 422,911 After 2 years but within 3 years 17,595 106,260 After 3 years but within 4 years 77,993 15,154 After 4 years but within 5 years 11,644 73,536 After 5 years 70,807 102,681 Totals 2,327,723 2,196,130 |
Debt Instruments Issued and Oth
Debt Instruments Issued and Other Financial Liabilities | 12 Months Ended |
Dec. 31, 2018 | |
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Debt Instruments Issued and Other Financial Liabilities | Note 18 - Debt Instruments Issued and Other Financial Liabilities As of December 31, 2018 and 2017, composition of debt instruments issued and other financial liabilities is as follows: As of December 31, 2018 2017 MCh$ MCh$ Debt instruments issued Mortgage finance bonds 53,463 67,938 Senior bonds 4,882,341 4,840,918 Subordinated bonds 1,074,320 1,041,182 Subtotals 6,010,124 5,950,038 Other financial liabilities Liabilities with the public sector 10 — Borrowings from local financial institutions 12,390 16,255 Foreign borrowings — 811 Subtotals 12,400 17,066 Totals 6,022,524 5,967,104 Debt classified as short term includes demand obligations or obligations that will mature in less than one year. All other debt is classified as long term, and is detailed as follows: As of December 31, 2018 Long term Short term Totals MCh$ MCh$ MCh$ Mortgage finance bonds 43,029 10,434 53,463 Senior bonds 4,220,626 661,715 4,882,341 Subordinated bonds 1,052,111 22,209 1,074,320 Debt instruments issued 5,315,766 694,358 6,010,124 Other financial liabilities — 12,400 12,400 As of December 31, 2017 Long term Short term Totals MCh$ MCh$ MCh$ Mortgage finance bonds 55,678 12,260 67,938 Senior bonds 4,178,313 662,605 4,840,918 Subordinated bonds 1,041,182 — 1,041,182 Debt instruments issued 5,275,173 674,865 5,950,038 Other financial liabilities — 17,066 17,066 The following tables provide with additional information, including maturities, for each type of debt issued as of December 31, 2018 and 2017. a. Mortgage finance bonds Detail of maturities for mortgage finance bonds is as follows: As of December 31, 2018 2017 MCh$ MCh$ Within 1 year 10,434 12,260 After 1 year but within 2 years 7,612 9,965 After 2 years but within 3 years 7,092 8,114 After 3 years but within 4 years 6,516 7,554 After 4 years but within 5 years 5,908 6,952 After 5 years 15,901 23,093 Totals 53,463 67,938 b. Senior bonds Details for senior bonds, by currency, are as follows: As of December 31, 2018 2017 MCh$ MCh$ Bonds in UF 3,568,532 3,258,201 Bonds in CLP 416,116 373,135 Bonds in USD 529,363 923,718 Bonds in COP 368,330 285,864 Totals 4,882,341 4,840,918 Detail of maturities for senior bonds is as follows: As of December 31, 2018 2017 MCh$ MCh$ Due within 1 year 661,715 662,605 After 1 year but within 2 years 637,595 516,061 After 2 years but within 3 years 216,695 653,601 After 3 years but within 4 years 446,323 199,908 After 4 years but within 5 years 276,047 312,597 After 5 years 2,643,966 2,496,146 Totals 4,882,341 4,840,918 The following table presents details for senior bonds issued: Senior bonds issued during the year ended December 31, 2018 Serie Currency Amount Term Issuance rate Placement date Maturity date BCORAQ0710 UF 2,000,000 10 years and 4 months 3% annual 02/06/2018 07/01/2028 BCORAR0710 UF 2,450,000 11 years and 4 months 3% annual 02/21/2018 07/01/2029 BCORAR0710 UF 5,000,000 11 years and 4 months 3% annual 03/14/2018 07/01/2029 BCORAN0710 UF 2,000,000 7 years and 5 months 3% annual 06/05/2018 07/01/2025 Totals 11,450,000 Serie Currency Amount Term Issuance rate Placement date Maturity date BCORBY0914 CLP 70,000,000,000 4 years and 5 months 5% annual 04/13/2018 09/01/2022 Totals 70,000,000,000 Serie Currency Amount Term Issuance rate Placement date Maturity date SUBSERIE B30 COP 55,470,000,000 3 years and 6 months 1.20% annual 11/22/2018 05/10/2021 SUBSERIE C48 COP 258,706,000,000 4 years 2.91% annual 11/22/2018 11/01/2022 Totals 314,176,000,000 Senior bonds issued during the year ended December 31, 2017 Serie Currency Amount Term Issuance rate Placement date Maturity date BCORAO0710 UF 2,900,000 9 years and 6 months 3% annual 01/03/2017 07/01/2026 BCORAP0710 UF 5,000,000 10 years and 6 months 3% annual 01/05/2017 07/01/2027 BCORAP0710 UF 5,000,000 10 years and 6 months 3% annual 01/10/2017 07/01/2027 BCORAQ0710 UF 3,000,000 11 years and 6 months 3% annual 01/16/2017 07/01/2028 BCORAQ0710 UF 4,000,000 11 years and 6 months 3% annual 01/20/2017 07/01/2028 BCORAQ0710 UF 3,000,000 11 years and 6 months 3% annual 01/25/2017 07/01/2028 BCORAP0710 UF 3,000,000 10 years and 5 months 3% annual 02/10/2017 07/01/2027 BCORAO0710 UF 100,000 9 years and 5 months 3% annual 02/16/2017 07/01/2026 BCORAK0710 UF 6,000,000 5 years and 3 months 3% annual 04/04/2017 07/01/2022 BCORAJ0710 UF 1,000,000 3 years and 9 months 3% annual 08/25/2017 07/01/2021 Totals 33,000,000 Serie Currency Amount Term Issuance rate Placement date Maturity date BCORBY0914 CLP 30,000,000,000 5 years 5% annual 09/25/2017 09/01/2022 BCORBZ0914 CLP 100,000,000,000 6 years 5% annual 10/17/2017 09/01/2023 Totals 130,000,000,000 c. Subordinated bonds Details of subordinated bonds, by currency, are as follows As of December 31, 2018 2017 MCh$ MCh$ Bonds in UF 95,599 95,485 Bonds in CLP 781,925 766,086 Bonds in COP 196,796 179,611 Totals 1,074,320 1,041,182 Detail of maturities for subordinated bonds is as follows As of December 31, 2018 2017 MCh$ MCh$ Within 1 year 22,209 — After 1 year but within 2 years — 21,500 After 2 years but within 3 years — — After 3 years but within 4 years 18,604 — After 4 years but within 5 years 22,484 22,303 After 5 years 1,011,023 997,379 Totals 1,074,320 1,041,182 For the years ended December 31, 2018 and 2017 no issuance of subordinated bonds took place. d. Others financial obligations As of December 31, 2018 2017 MCh$ MCh$ Within 1 year — 811 After 1 year but within 2 years — — After 2 years but within 3 years — — After 3 years but within 4 years — — After 4 years but within 5 years — — After 5 years — — Totals financial liabilities — 811 Short-term financial liabilities Amounts due to credit card transactions 12,390 16,255 Others 10 — Totals short-term financial liabilities 12,400 16,255 Totals other financial liabilities 12,400 17,066 As of December 31, 2018 and 2017, the Bank has no financial debt covenants to comply with. |
Provisions
Provisions | 12 Months Ended |
Dec. 31, 2018 | |
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Provisions | As of December 31, 2018 and 2017, the Bank has registered the following movements in its provisions: a. Other provisions Provisions disclosed in liabilities as of December 31, 2018 and 2017 present the following detail: As of December 31, 2018 2017 MCh$ MCh$ Provisions for personnel salaries and expenses 99,945 90,559 Provisions for mandatory dividends 51,614 17,234 Provisions for contingent loans risk 45,848 — Provisions for contingencies 17,496 10,096 Totals 214,903 117,889 b. Movements in the provisions for contingent loans risk according to IFRS 9, for the year ended December 31, 2018 are as follows: Contingent loans risk Stage 1 Stage 2 Stage 3 Totals 12-Month ECL Lifetime ECL Lifetime ECL Balances as of December 31, 2017 — — — — Restatement of the prior year due to IFRS 9 adoption 13,485 44,107 2,099 59,691 Balances as of January 1, 2018 13,485 44,107 2,099 59,691 Changes in the allowances - Transfers to stage 1 — (504 ) 116 (388 ) - Transfers to stage 2 (155 ) — 268 113 - Transfers to stage 3 (42 ) (66 ) — (108 ) - Increases due to change in credit risk 2,283 5,528 38 7,849 - Decreases due to change in credit risk (1,298 ) (446 ) (39 ) (1,783 ) - Charge-offs - Changes due to modifications that did not result in derecognition New financial assets originated or purchased 5,104 965 126 6,195 Financial assets that have been derecognized (3,763 ) (21,558 ) (754 ) (26,075 ) Changes in models/risk parameters — Foreign exchange and other movements 265 86 3 354 Balances as of December 31, 2018 15,879 28,112 1,857 45,848 c. The provision balance changes during 2018 and 2017, were as follows: Provisions for personnel (i) Provisions for (ii) Provisions for Provisions for (iii) Totals MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2018 90,559 17,234 — 10,096 117,889 Provisions established due to IFRS 9 adoption — — 59,691 — 59,691 Provisions applied (27,026 ) (17,234 ) — — (44,260 ) Provisions recorded 53,156 51,614 14,511 8,993 128,274 Provisions released (25,561 ) — (28,354 ) (1,347 ) (55,262 ) Other movements 8,817 — — (246 ) 8,571 Balances as of December 31, 2018 99,945 51,614 45,848 17,496 214,903 Provisions for personnel (i) Provisions for (ii) Provisions for (iii) Totals MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2017 89,295 1,029 9,724 100,048 Provisions applied (23,815 ) — — (23,815 ) Provisions recorded 91,722 17,234 586 109,542 Provisions released (62,231 ) (1,029 ) — (63,260 ) Other movements (4,412 ) — (214 ) (4,626 ) Balances as of December 31, 2017 90,559 17,234 10,096 117,889 (i) Employee benefits and staff salaries are recorded in “Personnel salaries expenses.” (ii) Mandatory dividends are recorded in the Consolidated Statement of Changes in Equity, against “Provision for mandatory dividends.” (iii) The contingency provisions/ (releases) are included in Other operating (expenses)/income, depending on whether they are debit or a credit. d. Provisions for payroll and employee benefits As of December 31, 2018 2017 MCh$ MCh$ Provision for long-term termination benefits (e.1) 8,298 7,914 Provision for pension plan (e.2) 30,908 31,761 Provision for retroactive unemployment plan (e.3) 373 371 Provision for retirements bonus plan (e.4) 542 476 Provision for other employee benefits (*) 46,249 36,811 Vacation accrual (*) 13,575 13,226 Totals 99,945 90,559 (*) Short-term benefits e. The main aspects of the Bank’s long term employee benefits are detailed below e.1) Other long-term employee benefits Description: Measurement: The economic assumptions are summarized as follows: As of December 31, 2018 2017 % % Summary of economic assumptions Discount rate 6.25 7.25 Expected rate of salary increase 5.70 6.50 The movements of the present value of the obligation for this type of benefit and the amounts recognized in the Consolidated Statements of Income are determined using the projected credit unit method and it consist of the following: As of December 31, 2018 2017 MCh$ MCh$ Balances as of January 1, 7,914 7,950 Net cost of benefits (*) 1,397 1,487 Payments (973 ) (856 ) Provisions recorded (350 ) (51 ) Exchange differences 310 (616 ) Balances as of December 31, 8,298 7,914 (*) Detail of net cost of benefit is as follows: As of December 31, 2018 2017 MCh$ MCh$ Current services cost 836 866 Interest expense on obligation 561 621 Total 1,397 1,487 e.2) Pension plan Description Old-age Measurement: The summary of the economic assumptions is as follows: As of December 31, 2018 2017 % % Assumptions Discount rate 6.75 7.25 Expected rate of salary increases 3.20 4.00 Inflation rate 3.20 4.00 The detail of Pension plan balances movements is as follows: 2018 2017 MCh$ MCh$ Balances as of January 1, 31,761 34,768 Interest expense on obligation 2,359 2,742 Payments (3,802 ) (3,581 ) Actuarial losses (gains) (698 ) 223 Exchange differences 1,288 (2,391 ) Balances as of December 31, 30,908 31,761 e.3) Retroactive unemployment plan Description Measurement: The economic assumptions are summarized as follows: As of December 31, 2018 2017 % % Assumptions Discount rate 5.75 7.25 Expected rate of salary increases 5.70 6.50 Inflation rate 3.20 4.00 The details of movements for this benefits during years ended December 31, 2018 and 2017 are as follows: 2018 2017 MCh$ MCh$ Balances as of January 1, 371 472 Current services costs 108 13 Interest expense on obligations 24 36 Actuarial gains (32 ) (19 ) Payments of benefits (115 ) (93 ) Exchange differences 17 (38 ) Balances as of December 31, 373 371 e.4) Retirement Bonus Plan Description: Measurement: The economic assumptions are summarized as follows: As of December 31, 2018 2017 % % Summary of economic hypothesis Discount rate(s) 6.75 7.50 Expected rate(s) of salary increase 5.20 6.00 Inflation rate 3.20 4.00 The amounts recognized for this benefit are as follows: 2018 2017 MCh$ MCh$ Balances as of January 1, 476 439 Current service costs 39 34 Interest expense on obligation 37 36 Actuarial (gains) losses (24 ) 4 Payments of benefits (5 ) (3 ) Exchange differences 19 (34 ) Balances as of December 31, 542 476 The effect on Other Comprehensive Income is summarized as follows: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Pension plan (e.2 ) (698 ) 223 3,761 Retroactive unemployment plan (e.3 ) (32 ) (19 ) 159 Retirement bonus plan (e.4 ) (24 ) 4 — Total recognition of obligations for defined benefits (754 ) 208 3,920 Future payments • Future actuarial calculations may differ with respect to the calculations presented, due to the following factors: The experience of the plans differs from those anticipated by the selected economic and demographic hypotheses. • Changes in economic and demographic assumptions. • Expected increases or decreases as a natural part of the functioning of the methodology for these calculations (for example, the end of the amortization period or additional costs based on the financing situation of the plan). • Changes in the characteristics of the applicable plan or law, and with respect thereto, there are no significant events affecting the results presented since the last assessment. The following is a detail of future payments for the year 2018 and 2017: Long-term termination benefits Pension plan Retroactive unemployment plan Retirement benefit plan 2018 MCh$ MCh$ MCh$ MCh$ Fiscal year 2019 783 2,995 66 40 Fiscal year 2020 842 2,858 38 22 Fiscal year 2021 1,003 2,682 20 26 Fiscal year 2022 1,147 2,527 70 40 Fiscal year 2023-2031 (combined) 1,160 2,457 102 43 Fiscal year 2024-2031 (combined) 4,749 11,751 94 203 Long-term termination benefits Pension plan Retroactive unemployment plan Retirement bonus plan 2017 MCh$ MCh$ MCh$ MCh$ Fiscal year 2018 944 2,996 55 36 Fiscal year 2019 752 2,922 32 12 Fiscal year 2020 868 2,757 38 21 Fiscal year 2021 1,038 2,586 22 26 Fiscal year 2022 1,177 2,434 68 42 Fiscal year 2023-2027 (combined) 5,384 11,512 177 246 |
Other liabilities and liabiliti
Other liabilities and liabilities directly associated with non-current assets held for sale | 12 Months Ended |
Dec. 31, 2018 | |
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Other liabilities and liabilities directly associated with non-current assets held for sale | Note 20 – Other liabilities and liabilities directly associated with non-current a) As of December 31, 2018 and 2017 the other liabilities are as follows: As of December 31, 2018 2017 MCh$ MCh$ Accounts and notes payable (1)(2) 317,703 348,036 Dividends payable 270 703 Unearned income (3) 9,089 7,850 Valuation adjustment for hedge accounting 2,102 3,091 Payables due to brokerage transactions 75,872 21,933 Collateral for financial transactions (threshold) 91,223 79,589 Other liabilities 25,536 2,233 Totals 521,795 463,435 (1) Obligations other than those directly related to the business operations, such as payable withholding taxes, payable social security contributions, balances due on purchases of materials, balances due on obligations under lease agreements for the acquisition of Bank, accounts payable for expenses, and others. (2) It includes MCh$5,985 correspondent to a penalty fee payable to the SBIF. For additional information see Note 37 “Subsequent events”. (3) It corresponds to commissions associated with financial advisory and insurance brokerage businesses that must be deferred in accordance with applicable regulations. b) As of December 31, 2018 and 2017 there are no liabilities directly associated with non-current |
Contingencies, Commitments, and
Contingencies, Commitments, and Responsibilities | 12 Months Ended |
Dec. 31, 2018 | |
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Contingencies, Commitments, and Responsibilities | a) Lawsuits and Legal Proceedings As of the date of issuance of these Financial Statements, legal actions have been filed against the Bank and its subsidiaries involving its transactions in the ordinary course of business. They are mainly lawsuits pending against the Bank related to loans and other matters, most of which, according to the Bank’s Legal Services Divisions involved in the suits, present no risk of significant loss. Notwithstanding the above, provisions for MCh$956 and MCh$1,191 as of December 31, 2018 and December 31, 2017, respectively have been recorded in the Consolidated Financial Statements. Lawsuit of Helm LLC against Itaú Corpbanca On December 20, 2016, Helm LLC filed a lawsuit in the New York State Supreme Court (“the State Court Lawsuit”) and a Request for Arbitration before the ICC International Arbitration Court (the “Arbitration”), against Itaú Corpbanca, CorpBank Holding Inversiones Lade e Itaú Corpbanca Colombia, the latter as nominal defendant, alleging certain breaches of the shareholders’ agreement of Itaú Corpbanca Colombia as amended and restated of HB Acquisition S.A.S. on July 31, 2013 (“SHA”). In its lawsuit, Helm LLC seeks, among other things, compensation that would correspond to the value it estimates and claims in exchange for its shares in Itaú Corpbanca Colombia, plus interest. On February 14, 2017 the defendants answered to the complaint of Helm LLC, rejecting their claims in full. Moreover, Itaú Corpbanca and CorpBank Holding Inversiones Ltda. filed a counterclaim against Helm LLC for breach of the SHA, according to which they request the court, among other things, to declare the termination of the aforementioned SHA. On April 19, 2017, Helm LLC answered such counterclaim. The arbitration procedure has continued in accordance with the judicial proceedings and the evidentiary period is expected to take place in July 2018. Itaú Corpbanca estimates that the claim of Helm LLC has no merit and will proceed to defend its rights under the SHA and the applicable legislation. Other lawsuits Other legal actions have been filed against the Bank and its subsidiaries involving its transactions carried out in the ordinary course of business. The Bank’s maximum exposure for these lawsuits amounts to approximately MCh$26,995 as of December 31, 2018 and MCh$36,309 as of December 31, 2017. However, in Management’s opinion based on reports from the Legal Division as of December 31, 2018, it is more likely than not that these lawsuits will not result in significant losses not contemplated by the Bank in these Consolidated Financial. Itaú Corpbanca Colombia S.A. The Bank and its subsidiaries are involved in civil, administrative and labor proceedings. The outstanding civil and administrative proceedings, them are related to Banking transactions, and the remaining ones derive from the ownership of leased assets. Such claims amount, in the aggregate, to MCh$32,375 as of December 31, 2018 (MCh$13,748 as of December, 2018). According to the evaluation of the expected results in each lawsuits the Bank has recorded a provision of MCh$152 as of December 31, 2018 (MCh$977 as of December 31, 2017). There are labor processes of which amounted to MCh$2,527, for which the Bank has recorded a provision of MCh$1,057 as of December 31, 2018. (MCh$865 as of December 31, 2017) Recovery of fine for exceeding credit margins Via Ruling No. 16,191 dated December 30, 2015, the SBIF fined Corpbanca MCh$21,765 for violations of credit margins established in articles 84-1 12-3 No. 62,128-2016. On May 9, 2017, the Supreme Court dismissed such appeal filed by the SBIF disagreeing with the aforementioned final ruling issued by the Santiago Court of Appeals. Therefore, the appeal filed by the Bank to render the SBIF fines null and void was accepted, consequently declaring the fines unlawful. As previously reported, the aforementioned fines were recognized as an expense in the result of the 2015 fiscal year. Pursuant to this decision of the Supreme Court, the reverse of such expense and the other corresponding financial effects. SBIF Ruling Through a resolution dated June 30, 2017, served to Itaú Corpbanca (the “Bank”) on July 17, 2017, the Chilean Superintendence of Banks and Financial Institutions (“SBIF”) resolved, among other matters, the continuation of the administrative proceeding against the Bank for alleged violations of individual credit limits in granting certain loans to Norte Grande S.A., Potasios de Chile S.A. and Sociedad de Inversiones Pampa Calichera S.A., the same transactions which were the basis for the fines rendered null and void by the Santiago Court of Appeals on August 31, 2016. On July 19, 2017, the Bank filed a motion against that resolution for considering it against the law, among other reasons, because there is no administrative proceeding in existence to be continued by the SBIF against the Bank, as resolved by the Santiago Court of Appeals and by Chilean Supreme Court, which dismissed the complaint filed by the SBIF against that resolution. In accordance with a resolution dated July 24, 2017, the SBIF dismissed the aforementioned motion, claiming that the proceeding is in the investigation stage and that the Bank is not formally a party to any administrative proceedings. On October 23, 2017, the Bank received a communication from the SBIF, filing charges against Itaú Corpbanca for the same operations mentioned above. The Bank has the conviction that this administrative procedure is not in accordance with the applicable law and the Bank will exercise the defenses granted by the law to that extent. On November 22, 2017, the Bank filed its response with the SBIF. Subsequently, on December 27, 2018 through communication the SBIF report the conclusion of the investigation phase of the referred sanctioning administrative procedure. For details see Note 37 “Subsequent events”. Transaction Agreement On January 29, 2014, Inversiones Corp Bank Limitada, Inversiones Saga Limitada (CorpBank), Itaú-Unibanco Holding S.A., Corpbanca and Bank Itaú, subscribed a contract called “Transaction Agreement”, in accordance to the contract, they agreed a strategic association of its operations in Chile and Colombia. This strategic association gave rise at April 1, 2016 the merger of Corpbanca and Itaú, which was be renamed “Itaú Corpbanca”. Additionally, the Transaction Agreement also included the postponement of the date for Itaú Corpbanca to purchase the shares that CorpBank holds in Corpbanca Colombia. The purchase of those shares of Corpbanca Colombia held by CorpBank (currently representing 12.36% of shares outstanding), which was previously agreed to be carried out no later than January 29, 2017, was postponed until January 28, 2022, subject to receipt of the applicable regulatory approvals. The purchase price for the shares has not changed and will be US$3.5367 per share plus interest from August 4, 2015 until the payment date at an annual interest rate equal to Libor plus 2.7% minus the sum of the aggregate amount of dividends paid by Corpbanca Colombia to CorpBank since the date of the Transaction Agreement. According to article 76 of the General Banking Law, investments in shares of Banks established abroad are subject to the prior approval of the Superintendency of Banks and Financial Institutions in Chile (SBIF), as well as the Central Bank of Chile (BCCH), which in turn is subject to compliance with the conditions set forth in article 78 of said legal corp. Additionally, in the case of Banks incorporated in Colombia, an eventual acquisition of shares in Itaú Corpbanca Colombia by Itaú Corpbanca is also subject to the prior authorization of the Financial Superintendency of Colombia (SFC). Consequently, the aforementioned transaction must be confirmed only by the occurrence of one or more future and uncertain events that are not entirely under the control of the Bank. b) Contingent loans The following table contains the amounts for which the Bank and its subsidiaries are contractually obliged to grant loans: Contingent loans As of December 31, 2018 2017 MCh$ MCh$ Collateral and guarantees 411,023 262,924 Confirmed foreign letters of credit — 3,824 Letters of credit issued 95,476 88,940 Documented guarantees 1,286,805 1,286,807 Available on demand credit lines 2,143,333 2,349,626 Other credit commitments 1,447,277 1,299,494 Totals 5,383,914 5,291,615 For information on provisions for contingent loans, see Note 19, letter b. c) Responsibilities The Bank and its subsidiaries have the following responsibilities arising from their regular course of business: As of December 31, 2018 2017 MCh$ MCh$ Third party operations Collections 17,030 26,143 Transferred financial assets managed by the Bank 1,101,327 997,530 Third party funds under management 2,306,154 2,215,038 Subtotals 3,424,511 3,238,711 Custody of securities Securities held in custody 5,896,162 8,675,906 Securities held in custody deposited in other entities 315,347 549,848 Securities issued by the Bank held in custody 148,193 163,713 Subtotals 6,359,702 9,389,467 Totals 9,784,213 12,628,178 c) Guarantees, Contingencies and other Itaú Corredores de Seguros S.A. In order to comply with Article 58, letter d) of the Chilean Decree with Force of Law (“DFL”) 251 of 1930, which states that, “Insurance Brokers, in order to conduct business, must comply with the requirement of contracting insurance policies as determined by the Commission for the Financial Market (Ex- Entity From To Amount (UF) Beneficiary Consorcio Nacional de Seguros S.A. 04-15-2018 04-15-2019 60,000 and 500 Itaú Corredores de Seguros S.A. Itaú Corredores de Bolsa Limitada In order to comply with articles 30 and 31 of Chilean Law 18,045, this subsidiary kept a Bank guarantee certificate with the Chilean Electronic Stock Exchange and Santiago Stock Exchange, to ensure the correct and complete fulfillment of its obligations as stockbroker. The beneficiaries are the current or future creditors that the subsidiary has or will have derived from its transactions. The detail of the Bank guarantee certificate is as follows: Entity From To Amount (UF) Beneficiary Itaú Chile 04-22-2018 04-22-2019 16,000 Bolsa Electrónica de Chile Mapfre Compañía de Seguros S.A 04-22-2018 04-22-2019 4,000 Bolsa de Comercio de Santiago In addition, the company has taken out a comprehensive insurance policy to comply with Law No. 52 of the Chilean Electronic Stock Exchange. Amounts recorded with respect to the comprehensive insurance policy are as follows: Entity From To Amount (UF) Beneficiary Orión Seguros Generales S.A 04-30-2018 06-21-2019 5,000 and 10,000 Bolsa Electrónica de Chile The company pledged its shares of the Santiago Stock Exchange in favor of said company, to secure the fulfillment of the Obligations related to the transactions carried out with other brokers. This amounts to MCh$12,630 as of December 31, 2018. As of December 31, 2018, this subsidiary is under guarantee with Bolsa de Comercio de Santiago, Bolsa de Valores in cash and financial assets ceded to guarantee transactions in Cámara de Compensación y Liquidación de Valores for MCh$5,042 (MCh$4,101 as of December 31, 2017). The Company granted a Bank guarantee certificate, as a representative of the beneficiaries the guarantee pursuant to Articles 98 and 99 of Chilean Law 20,172 to secure its obligations as Portfolio Manager. The detail of the Bank guarantee certificate is as follows Entity From To Amount (UF) Beneficiary Itaú Chile 06-21-2018 06-21-2019 10,000 Itaú Chile Itaú Administradora General de Fondos S.A. On August 14, 2017, Corpbanca Administradora General de Fondos S.A. replaced the documented guarantee in Banco Santander Chile, at sight for MCh$14, equivalent to UF500, originally issued on June 6, 2017, in favor of the Production Development Corporation to ensure CORFO’s faithful and timely compliance with the obligations of the Portfolio Management contract, its Committees and Funds, and the payment of labor and social obligations with the contracting party’s employees, its expiration date is August 30, 2021. On June 2, 2017, Corpbanca Administradora General de Fondos S.A. took a documented guarantee at Banco Santander Chile, at sight, for UF15,000 equivalent to MCh$400 in favor of the Production Development Corporation to ensure CORFO the faithful fulfillment of CORFO’s portfolio management contract, its Committees and Funds, and the payment of labor and social obligations with the workers of the contracting party. Its expiration date is August 31, 2021. On April 30, 2018, Itaú Administradora General de Fondos S.A. contract the policy called Bankers Blanket Bond with Orión Seguros Generales. On April 30, 2018, Itaú Administradora General de Fondos SA contracted the Global Banking Policy (Bankers Blanket Bond) with Orión Seguros Generales Company, in order to foresee possible situations of official infidelity, its maturity date being May 31, 2019. The insured amount of the policy amounts to US$5,000,000 for each individual loss event and US$10,000,000 in the combined aggregate. During the year ended December 31, 2018, the Company has contracted Documented Guarantees in Itaú Corpbanca, for the funds it manages in order to guarantee the faithful fulfillment of the obligations of the Asset Manager, in connection with the management of the funds of third parties and required compensation in case of failure to comply with the provisions established by articles N°12 and N°13 of Law N°20,712, for UF773,051 as of December 31, 2018. |
Equity
Equity | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Equity | Movements in equity accounts and reserves (attributable to the equity holders of the Bank): As of December 31, 2018, 2017 and 2016, the paid-in Common shares 2018 2017 2016 (number) (number) (number) Issued as of January 1, 512,406,760,091 512,406,760,091 115,039,690,651 Issuance of paid shares — — 57,008,875,206 Increase in share for Itaú-Corpbanca business combination — — 340,358,194,234 Issuance of shares pending payment — — — Repurchase of own shares — — — Sale of own shares — — — Totals 512,406,760,091 512,406,760,091 512,406,760,091 • Subscribed and paid shares As of December 31, 2018, 2017 and 2016, the Bank has a capital in the amount of MCh$1,862,826, consisting of 512,406,760,091 common shares subscribed and paid, with no par value. • Purchase and sale of own shares During the years ended December 31, 2018 and 2017, there were no transactions to buy and sell shares of own issuance. • List of major shareholders The shareholders list as of December 31, 2018, 2017 and 2016, is as follows: Shares 2018 2017 2016 Company name or shareholder name Number of shares Ownership % Number of shares Ownership % Number of shares Ownership % Itaú Unibanco 195,408,043,473 38.14 % 184,756,488,453 36.06 % 184,756,488,453 36.06 % Itaú Unibanco Holding S.A. 115,039,610,411 22.45 % 115,039,610,411 22.45 % 115,039,610,411 22.45 % ITB Holding Brasil Participaçoes Ltda. 57,008,875,206 11.13 % 57,008,875,206 11.13 % 57,008,875,206 11.13 % CGB II SpA 10,908,002,836 2.13 % 10,908,002,836 2.13 % 10,908,002,836 2.13 % CGB III SpA 1,800,000,000 0.35 % 1,800,000,000 0.35 % 1,800,000,000 0.35 % Saga II SpA 7,000,000,000 1.37 % — 0.00 % — 0.00 % Saga III SpA (1) 3,651,555,020 0.71 % — 0.00 % — 0.00 % Saieh Family 146,394,540,608 28.57 % 157,046,095,628 30.65 % 157,046,095,628 30.65 % Corp Group Banking S.A. 136,127,850,073 26.57 % 136,127,850,073 26.57 % 136,127,850,073 26.57 % Compañía Inmobiliaria y de Inversiones Saga SpA (2) 10,266,690,535 2.00 % 20,918,245,555 4.08 % 20,918,245,555 4.08 % International Finance Corporation 17,017,909,711 3.32 % 17,017,909,711 3.32 % 17,017,909,711 3.32 % Others 153,586,266,299 29.97 % 153,586,266,299 29.97 % 153,586,266,299 29.98 % Stock brokers 55,791,614,655 10.89 % 53,400,666,996 10.42 % 33,053,299,686 6.45 % ADR holders and foreign investors 42,838,887,354 8.36 % 50,064,467,904 9.77 % 72,134,243,118 14.08 % Asset management companies 17,778,018,941 3.47 % 16,892,054,779 3.30 % — — Santo Domingo Group 9,817,092,180 1.92 % 9,817,092,180 1.92 % 9,817,092,180 1.92 % Insurance companies 5,220,388,512 1.02 % 5,212,338,243 1.02 % 6,758,473,530 1.32 % Pension funds management companies 3,981,075,117 0.77 % 944,399,401 0.18 % 2,761,470,587 0.54 % Other minority shareholders 18,159,189,540 3.54 % 17,255,246,796 3.36 % 29,061,687,198 5.67 % Totals 512,406,760,091 100 % 512,406,760,091 100 % 512,406,760,091 100 % (1) Shares in custody of a third party. (2) Includes 640,844,096 shares in custody of a third party. a. Dividends At the Ordinary Meeting of the Shareholders of Itaú Corpbanca held on March 27, 2018, the shareholders agreed to distribute net income for MCh$22,979 representing 40% of the profits for 2017 (as filed with the SBIF) and at an Ordinary Meeting of the Shareholders of Itaú Corpbanca held on March 27, 2017, the shareholders agreed to distribute profits for MCh$618, representing 30% of the 2016 net income (as filed with the SBIF). See Note 37 “Subsequent events” for 2018 dividends distribution decision. Income attributable to equity holders Allocated to reserves and retained earnings (*) Allocated to dividends Percentage distributed Number of shares Dividend per share (in pesos) Years MCh$ MCh$ MCh$ % Year 2017 (Shareholders’ Meeting March 2018) 57,447 34,468 22,979 0.40 512,406,760,091 0.04485 Year 2016 (Shareholders’ Meeting March 2017) 2,059 1,441 618 0.30 512,406,760,091 0.00121 (*) According to the Consolidated Financial Statements filed with the SBIF. As of December 31, 2018 and 2017 and for the year ended December 31, 2018, 2017 and 2016, the basic earnings and diluted earnings are as follows: As of and for the years ended December 31, 2018 2017 2016 N° of Shares Amount N° of Shares Amount N° of Shares Amount Millions MCh$ Millions MCh$ Millions MCh$ Basic earnings per share Net income for the period — 171,331 — 67,821 — 14,407 Weighted average number of outstanding shares 512,407 — 512,407 — 415,165 — Assumed convertible debt conversion — — — — — — Adjusted number of outstanding shares 512,407 — — — 415,165 — Basic earnings per share (Chilean pesos) — — — 0.132 — 0.035 Diluted earnings per share Net income for the period — 171,331 — 67,821 — 14,407 Weighted average number of outstanding shares 512,407 — 512,407 — 415,165 Dilutive effects Assumed convertible debt conversion — — — — — — Conversion of common shares — — — — — — Options rights — — — — — — Adjusted number of shares 512,407 512,407 415,165 Diluted earnings per share (Chilean pesos) — 0.334 — 0.132 0.035 During the years ended December 31, 2018, 2017 and 2016, there were no dilutive effects. b. Valuation accounts Financial instruments at FVTOCI/available for sale investments: Hedge of net investment in foreign operations: Cash flow hedge: Exchange differences on investments in Colombia and New York branch: Defined benefits obligations: Employees Benefit The following are the equity effects and income taxes for years ended December 31, 2018 and 2017: Investments Hedge of net investments in foreign operations Cash flow hedge Exchange differences on investment in Colombia and New York branch Defined benefits obligations Totals As of December 31, 2018 MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Other comprehensive income (loss) before income taxes Balances as of January 1, 2018 16,592 (5,730 ) 64,741 (57,485 ) (2,736 ) 15,382 Changes due initial adoption IFRS 9 1,496 — — — — 1,496 Restated balances as of January 1, 2018 18,088 (5,730 ) 64,741 (57,485 ) (2,736 ) 16,878 Effects for the year (295 ) 11,289 (35,338 ) 38,366 (500 ) 13,522 Balances as of December 31, 2018 17,793 5,559 29,403 (19,119 ) (3,236 ) 30,400 Income taxes related to components of other comprehensive income (loss) Balances as of January 1, 2018 (4,937 ) 1,389 (17,287 ) — 718 (20,117 ) Changes due initial adoption IFRS 9 (499 ) — — — — (499 ) Restated balances as of January 1, 2018 (5,436 ) 1,389 (17,287 ) — 718 (20,616 ) Effects for the year (1,468 ) (1,669 ) 9,541 — (29 ) 6,375 Balances as of December 31, 2018 (6,904 ) (280 ) (7,746 ) — 689 (14,241 ) Net balances as of December 31, 2018 10,889 5,279 21,657 (19,119 ) (2,547 ) 16,159 Available for sale investments Hedge of net investments in foreign operations Cash flow hedge Exchange investment in Colombia and New York branch Defined benefits obligations Totals As of December 31, 2017 MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Other comprehensive income (loss) before income taxes Balances as of January 1, 2017 10,372 (5,603 ) 14,917 2,380 (2,598 ) 19,468 Effects for the period 6,220 (127 ) 49,824 (59,865 ) (138 ) (4,086 ) Balances as of December 31, 2017 16,592 (5,730 ) 64,741 (57,485 ) (2,736 ) 15,382 Income taxes related to components of other comprehensive income (loss) Balances as of January 1, 2017 (2,764 ) 1,345 (3,219 ) — 722 (3,916 ) Effects for the period (2,173 ) 44 (14,068 ) — (4 ) (16,201 ) Balances as of December 31, 2017 (4,937 ) 1,389 (17,287 ) — 718 (20,117 ) Net balances as of December 31, 2017 11,655 (4,341 ) 47,454 (57,485 ) (2,018 ) (4,735 ) Available for Net Cash Exchange Defined Totals As of December 31, 2016 MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Other comprehensive income (loss) before income taxes Balances as of January 1, 2016 (1,170 ) — — — — (1,170 ) Effects for the period 11,542 (5,603 ) 14,917 2,380 (2,598 ) 20,638 Balances as of December 31, 2016 10,372 (5,603 ) 14,917 2,380 (2,598 ) 19,468 Income taxes related to components of other comprehensive income loss) Balances as of January 1, 2016 226 — — — — 226 Effects for the period (2,990 ) 1,345 (3,219 ) — 722 (4,142 ) Balances as of December 31, 2016 (2,764 ) 1,345 (3,219 ) — 722 (3,916 ) Net balances as of December 31, 2016 7,608 (4,258 ) 11,698 2,380 (1,876 ) 15,552 a) Reserves This item corresponds to “Other non-earnings b) Retained earnings from prior years Corresponds to accumulated losses for the year ended December 31, 2018 for a total of MCh$69,355 and retained earnings for the year ended December 31, 2017 for a total of MCh$12,668, not distributed to shareholders. c) Non-controlling This corresponds to the net amount of equity in the consolidated subsidiaries attributable to capital that does not belong, directly or indirectly, to the Bank, including the part of profit for the period that is attributed to them. Non-controlling As of December 31, 2018 Other Comprehensive Income Subsidiaries Non-controlling Equity Net Financial Exchange Hedge of Cash Defined Deferred Total other Total % MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Itaú Corredor de Seguro Colombia S.A. 20.000 % 409 15 — — — — — — 15 Itaú Corpbanca Colombia S.A. y filiales 33.721 % 217,673 (4,500 ) (664 ) 10,244 (1,195 ) — (254 ) 305 8,436 3,936 Itaú Corredores de Seguros S.A. (Ex -Corpbanca Corredores de Seguros S.A.) (*) 0.000 % — 8 — — — — — — 8 Itaú Administradora General de Fondos S.A. (**) 0.000 % — — — — — — — — — Itaú Corpbanca Corredores de Bolsa Limitada (***) 0.000 % — — — — — — — — — Totals 218,082 (4,477 ) (664 ) 10,244 (1,195 ) — (254 ) 305 8,436 3,959 (*) On April 1, 2018, the merger of Corpbanca Corredores de Seguro S.A. and Itaú Chile Corredora de Seguros Limitada through the absorption of this last entity in the first took place, being its new name Itaú Corredores de Seguros S.A. On September 10, 2018, Itaú Corpbanca acquired 127,901 shares from minority investors. As a result, the Bank and its subsidiaries own a 100% of the Company shares. (**) On December 10, 2018, Itaú Corpbanca acquired 1 share from minority investors. As a result, the Bank and its subsidiaries own a 100% of the Company shares. (***) On July 4, 2018, Itaú Asesorías Financieras S.A. acquired 2 shares from minority investors. As a result, the Bank and its subsidiaries own a 100% of the Company shares. As of December 31, 2017 Other Comprehensive Income Non-controlling Equity Net Available Exchange Hedge of Cash Defined Deferred Total other Comprehensive Subsidiaries % MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Itaú Corredor de Seguros S.A (ex-Helm 20.000 % 380 (5 ) — — — — — — — (5 ) Itaú Corpbanca Colombia S.A (ex-Banco 33.721 % 216,883 (5,001 ) 3,746 (18,437 ) (627 ) — (70 ) (1,305 ) (16,693 ) (21,694 ) Itaú Chile Corredores de Seguros Ltda. 0.029 % 12 10 — — — — — — — 10 Itaú Administradora General de Fondos S.A. 0.600 % 1 — — — — — — — — — Itaú Corpbanca Corredores de Bolsa Ltda. 0.000 % 4 — — — — — — — — — Totals 217,280 (4,996 ) 3,746 (18,437 ) (627 ) — (70 ) (1,305 ) (16,693 ) (21,689 ) As of December 31, 2016 Other Comprehensive Income Non-controlling Equity Net Available Exchange Hedge of Cash Defined Deferred Total Other Comprehensive Subsidiaries % MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ SMU CORP S.A. 49.00 % 437 — — — — — — — — — Itaú Corredor de Seguros S.A (ex-Helm 20.00 % 601 78 — — — — — — — 78 Itaú Corpbanca Colombia S.A (ex-Banco 33.72 % 237,917 (527 ) 3,876 (9,481 ) (1,459 ) — (1,322 ) (133 ) (8,519 ) (9,046 ) Itaú Chile C. de Seguros Ltda. 0.100 % 13 10 — — — — — — — 10 Itaú Administradora General de Fondos S.A. 0.010 % 1 1 — — — — — — — 1 Itaú BBA Corredor de Bolsa Ltda. 0.020 % — — — — — — — — — — Totals 238,969 (438 ) 3,876 (9,481 ) (1,459 ) — (1,322 ) (133 ) (8,519 ) (8,957 ) The following table shows the non-controlling As of December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Balances as of January 1, 217,280 238,969 59 Changes due to initial application of IFRS 9 (3,157 ) — — Restated balances as of January 1, 214,123 238,969 59 Integration Itaú Corpbanca — — 247,867 Comprehensive income 3,959 (21,689 ) (8,957 ) Balances as of December 31, 218,082 217,280 238,969 The main subsidiary with non-controlling Entity Name Country Group Non-controlling Main Itaú Corpbanca Colombia S.A. and subsidiaries Colombia 66.28 % 33.72 % Bank Summarized financial information for the main subsidiary with non-controlling As of December 31, 2018 2017 2016 Summary Statements of Financial Position MCh$ MCh$ MCh$ Current assets 4,669,275 4,589,487 5,502,852 Current liabilities (3,523,186 ) (3,939,253 ) (4,813,426 ) Net current assets (liabilities) 1,146,089 650,234 689,426 Non-current 1,664,700 1,690,890 1,780,581 Non-current (2,160,781 ) (1,697,961 ) (1,764,461 ) Net non-current assets (liabilities) (496,081 ) (7,071 ) (16,120 ) Total net assets (liabilities) 650,008 643,163 673,306 Accumulated non-controlling 217,673 216,883 237,917 For the years ended December 31, 2018 2017 2016 Summary Income Statements MCh$ MCh$ Interest income and readjustments 553,937 579,176 482,806 Income of the period (13,087 ) (14,830 ) (1,563 ) Non-controlling (4,500 ) (5,001 ) (527 ) For the years ended December 31, 2018 2017 2016 Summary Cash Flows Statements MCh$ MCh$ MCh$ Net cash flows provided by (used in) operating activities 232,480 16,822 (35,057 ) Net cash flows provided by (used in) investing activities (145,665 ) (158,402 ) 93,018 Net cash flows provided by (used in) financing activities (24,122 ) 35,937 (4,400 ) Net increase (decrease) in cash flows 62,693 (105,643 ) 53,561 d) Consolidated comprehensive income for the years ended December 31, 2018, 2017 and 2016 is as follows: 2018 Concepts Equity holders of Non-controlling Totals MCh$ MCh$ MCh$ Income (loss) for the year 171,331 (4,477 ) 166,854 Other comprehensive income (loss) before income taxes Financial instruments at fair value through other comprehensive income (295 ) (664 ) (959 ) Hedge of net investment in foreign operations (35,338 ) (1,195 ) (36,533 ) Cash flow hedge 11,289 — 11,289 Exchange differences 38,366 10,244 48,610 Defined benefits obligations (500 ) (254 ) (754 ) Subtotals 13,522 8,131 21,653 Income taxes Financial instruments at fair value through other comprehensive income (1,468 ) (704 ) (2,172 ) Hedge of net investment in foreign operations 9,541 1,024 10,565 Cash flow hedge (1,669 ) — (1,669 ) Defined benefits obligations (29 ) (15 ) (44 ) Subtotals 6,375 305 6,680 Other comprehensive income for the year 19,897 8,436 28,333 Comprehensive income for the year 191,228 3,959 195,187 2017 Concepts Equity holders of Non-controlling Totals MCh$ MCh$ MCh$ Income (loss) for the year 67,821 (4,996 ) 62,825 Other comprehensive income (loss) before income taxes Available for sale investments 6,220 3,746 9,966 Net investment in foreign operations hedges 49,824 (627 ) 49,197 Cash flow hedges (127 ) — (127 ) Exchange differences (59,865 ) (18,437 ) (78,302 ) Defined benefits obligations (138 ) (70 ) (208 ) Subtotals (4,086 ) (15,388 ) (19,474 ) Income taxes Available for sale investments (2,173 ) (1,160 ) (3,333 ) Net investment in foreign operations hedges (14,068 ) (143 ) (14,211 ) Cash flows hedges 44 — 44 Defined benefits obligations (4 ) (2 ) (6 ) Subtotals (16,201 ) (1,305 ) (17,506 ) Other comprehensive income (loss) for the year (20,287 ) (16,693 ) (36,980 ) Comprehensive income (loss) for the year 47,534 (21,689 ) 25,845 |
Interest Income and Interest Ex
Interest Income and Interest Expense | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Interest Income and Interest Expense | Note 23 - Interest Income and Interest Expense This item comprises interest accrued in the year by all financial assets and liabilities, interest income and expenses, whose implicit or explicit performance is measured by applying the effective interest rate method, independently if these are measured at fair value, as well as the effects from accounting hedges, which are part of the interest income and expenses included in the Consolidated Statement of Income for the year. a. The composition of interest income and inflation-indexing for the years ended December 31, 2018, 2017 and 2016 is as follows: For the years ended December 31, 2018 2017 2016 Interest Inflation Totals Interest Inflation Totals Interest Inflation Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Investments under agreements to resell 4,988 — 4,988 6,643 2 6,645 25,550 — 25,550 Loans and receivables to banks 5,013 — 5,013 5,460 — 5,460 8,180 — 8,180 Commercial loans 816,193 115,468 931,661 872,416 68,729 941,145 772,704 100,381 873,085 Mortgage loans 196,598 107,364 303,962 188,094 59,149 247,243 155,101 79,655 234,756 Consumer loans 372,148 194 372,342 360,268 64 360,332 283,005 31 283,036 Financial investments 101,274 19,060 120,334 70,556 8,274 78,830 67,683 11,032 78,715 Other interest income 10,882 9,850 20,732 9,656 545 10,201 8,427 466 8,893 Gain (loss) from accounting hedges (*) (19,715 ) — (19,715 ) (3,527 ) — (3,527 ) (3,012 ) — (3,012 ) Totals 1,487,381 251,936 1,739,317 1,509,566 136,763 1,646,329 1,317,638 191,565 1,509,203 b. For the years ended December 31, 2018, 2017 and 2016, the detail of the amount of interest and inflation-indexing expense is as follows: For the years ended December 31, 2018 2017 2016 Interest Inflation Totals Interest Inflation Totals Interest Inflation Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Deposits and other demand liabilities (49,536 ) (141 ) (49,677 ) (72,732 ) (139 ) (72,871 ) (78,147 ) (173 ) (78,320 ) Obligations under repurchase agreements (29,660 ) (4 ) (29,664 ) (32,677 ) — (32,677 ) (48,086 ) — (48,086 ) Time deposits and other time liabilities (370,206 ) (15,528 ) (385,734 ) (420,190 ) (13,047 ) (433,237 ) (419,661 ) (39,720 ) (459,381 ) Interbank borrowings (69,054 ) (206 ) (69,260 ) (51,922 ) (2,463 ) (54,385 ) (45,801 ) — (45,801 ) Debt instruments issued (199,420 ) (122,832 ) (322,252 ) (210,104 ) (72,780 ) (282,884 ) (156,168 ) (79,126 ) (235,294 ) Other financial liabilities (752 ) — (752 ) (114 ) — (114 ) (142 ) (197 ) (339 ) Other Interest expense (397 ) (4,292 ) (4,689 ) (556 ) (1,962 ) (2,518 ) (905 ) (2,261 ) (3,166 ) Gain (loss) from hedge accounting (*) 10,374 — 10,374 15,339 — 15,339 359 — 359 Totals (708,651 ) (143,003 ) (851,654 ) (772,956 ) (90,391 ) (863,347 ) (748,551 ) (121,477 ) (870,028 ) (1) The inflation indexing is the result of changes in the Unidades de Fomento (“UF”). The UF is an inflation-index Chilean monetary unit with a value in Chilean pesos that changes daily to reflect changes in the Official Consumer Price Index (“CPI”) of the Instituto Nacional de Estadísticas (the Chilean National Institute of Statistics) for the previous month. The effect of any changes in the nominal peso value of our UF-denominated (*) The mark to market adjustments are presented in this line for hedging derivatives used in hedging of assets except in the case of foreign currency hedges and cash flow hedges (cross-currency), their all-in |
Fee and Commission Income and E
Fee and Commission Income and Expense | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Fee and Commission Income and Expense | Note 24 – Fee and Commission Income and Expense This item comprises the amount of all commissions accrued and paid in the year, except for those that form an integral part of the effective interest rate of the financial instruments. a. Fee and commission income This item comprises the financial income for the year corresponding to remunerations generated by the services rendered by the Bank and its subsidiaries and corresponds to the following items: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Fees and commissions from lines of credits and overdrafts 5,292 3,306 4,911 Fees and commissions from guarantees and letters of credit 15,317 14,776 13,562 Fees and commissions from card services 72,932 63,388 52,775 Fees and commissions from accounts management 11,512 12,024 10,171 Fees and commissions from collections and payments 20,359 25,359 24,813 Fees and commissions from brokerage and securities management 10,966 13,183 9,454 Fees and commissions from asset management 24,718 25,965 23,614 Compensation for insurance brokerage 36,693 26,096 21,477 Investment banking and advisory fees 19,403 8,162 8,951 Fees and commissions from student loans ceded 5,300 4,680 3,354 Commissions on loan transactions 651 2,560 2,572 Commissions for mortgage loans 1,486 1,112 1,023 Other fees from services rendered 10,982 12,088 12,768 Other commissions earned 2,345 3,721 4,356 Totals 237,956 216,420 193,801 b. Fee and commission expense This item includes expenses for commissions accrued during the year from operations, and corresponds to the following items: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Compensation for cards transactions (35,676 ) (23,439 ) (29,376 ) Fees and commissions for securities transactions (2,963 ) (4,855 ) (3,328 ) Commissions paid for foreign trade transactions (2,550 ) (2,449 ) (1,348 ) Commissions paid for customer loyalty program benefits (2,607 ) (1,439 ) (1,309 ) Commissions paid for services to customers management (3,455 ) (3,157 ) (3,232 ) Other commissions paid (4,576 ) (3,510 ) (4,412 ) Totals (51,827 ) (38,849 ) (43,005 ) Commissions earned on loans with mortgage finance bonds are recorded in the Consolidated Statement of Income under “Interest income.” c. Below are the income and expenses for commissions generated by segment and the revenue recognition calendar for ordinary activities, for the year ended December 31, 2018 according to IFRS 15. Segments Revenue recognition calendar Chile Colombia Total Transferred Transferred Accrual MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Fees and commissions from lines of credits and overdrafts 5,180 112 5,292 5,292 — — Fees and commissions from guarantees and letters of credit 12,267 3,050 15,317 12,267 3,050 — Fees and commissions from card services 47,238 25,694 72,932 — 72,932 — Fees and commissions from accounts management 8,471 3,041 11,512 — 11,512 — Fees and commissions from collections and payments 12,834 7,525 20,359 — 9,560 10,799 Fees and commissions from brokerage and securities management 6,212 4,754 10,966 — 10,966 — Fees and commissions from asset management 15,417 9,301 24,718 — 24,718 — Compensation for insurance brokerage 36,693 — 36,693 — — 36,693 Investment banking and advisory fees 19,403 — 19,403 — 19,403 — Fees and commissions from student loans ceded 5,300 — 5,300 — 5,300 — Commissions on loan transactions 651 — 651 — 651 — Commissions for mortgage loans 1,486 — 1,486 — 1,486 — Other commissions earned 2,767 10,560 13,327 — 13,327 — Totals 173,919 64,037 237,956 17,559 172,905 47,492 Segments Revenue recognition calendar Chile Colombia Total Transferred Transferred Accrual MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Compensation for cards transactions (11,734 ) (23,942 ) (35,676 ) — (35,676 ) — Fees and commissions for securities transactions (1,744 ) (1,219 ) (2,963 ) — (2,963 ) — Commissions paid for foreign trade transactions (2,550 ) — (2,550 ) — (2,550 ) — Commissions paid for customer loyalty program benefits — (2,607 ) (2,607 ) — (2,607 ) — Commissions paid for services to customers management — (3,455 ) (3,455 ) — (3,455 ) — Other commissions paid (3,805 ) (771 ) (4,576 ) — (4,576 ) — Totals (19,833 ) (31,994 ) (51,827 ) — (51,827 ) — |
Net Income (Expense) from Finan
Net Income (Expense) from Financial Operations | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Net Income (Expense) from Financial Operations | Note 25 – Net Income (Expense) from Financial Operations This item includes the amount of changes in the fair value of financial instruments, except those attributable to interest accrued by applying the effective interest rate method, as well as the results obtained in the purchase and sale thereof. Net income (expense) from financial operations in the Consolidated Statements of Income for the year is as follows: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Trading instruments (securities) 2,527 43,323 40,893 Financial derivative contracts (trading) 152,732 (63,992 ) 44,499 Sale of loans and accounts receivable from customers (*) 1,602 15,121 18,863 Net gain on sale of financial instruments at fair value through other comprehensive income 13,765 — — Net gain on sale of available for sale investments — 13,641 7,998 Others 2,129 175 699 Total 172,755 8,268 112,952 (*) See details Note 10, letter d. |
Net Foreign Exchange Gain (Loss
Net Foreign Exchange Gain (Loss) | 12 Months Ended |
Dec. 31, 2018 | |
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Net Foreign Exchange Gain (Loss) | Note 26 – Net Foreign Exchange Gain (Loss) This item includes the income earned from foreign currency trading, differences arising from converting monetary items in a foreign currency to the functional currency, and those generated by non-monetary For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Net foreign exchange gain (loss) Gain (loss) on net foreign currency exchange positions (64,278 ) 131,196 (30,191 ) Other foreign currency exchange gains (losses) 5,421 1,537 1,202 Subtotals (58,857 ) 132,733 (28,989 ) Net exchange rate adjustments gain (loss) Adjustments for loans and accounts receivable from customers 93 (82 ) 14 Adjustment for investment instruments 105 (824 ) (121 ) Adjustments to deposits and saving account (322 ) — 10 Adjustment for other assets and liabilities — 1,385 — Net gain (loss) from hedge accounting 41,016 (87,047 ) (19,762 ) Subtotals 40,892 (86,568 ) (19,859 ) Totals (17,965 ) 46,165 (48,848 ) |
Provisions for Impairment of Fi
Provisions for Impairment of Financial Assets | 12 Months Ended |
Dec. 31, 2018 | |
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Provisions for Impairment of Financial Assets | a. The movement registered in income for the year related to allowances and impairment due to credit risk, for the year ended December 31, 2018 and 2017, is summarized as follows: Loans and accounts receivable at amortized cost Interbank Commercial Mortgage Consumer Financial Financial Contingent Totals 2018 MCh$ MCh$ MCh$ MCh$ MCh$ Loss for provisions established (344 ) (634,886 ) (78,185 ) (562,620 ) (25 ) — (14,511 ) (1,290,571 ) (*) Income for provisions released 131 474,192 78,873 380,294 411 50 28,354 962,305 (*) Recovery of loans previously charged-off — 19,921 2,588 25,959 — — — 48,468 Net charge to income (213 ) (140,773 ) 3,276 (156,367 ) 386 50 13,843 (279,798 ) Loans and accounts receivable from customers Interbank Commercial Mortgage loans Consumer Totals 2017 MCh$ MCh$ MCh$ MCh$ MCh$ Provisions established Individually assessed (226 ) (338,701 ) — — (338,927 ) Collectively assessed — (104,171 ) (63,699 ) (312,697 ) (480,567 ) (Loss) for provisions established (226 ) (442,872 ) (63,699 ) (312,697 ) (819,494 )(*) Provisions released Individually assessed 209 302,504 — — 302,713 Collectively assessed — 33,538 31,310 104,953 169,801 Income for provisions released 209 336,042 31,310 104,953 472,514 (*) Recovery of loans previously charged-off — 13,236 1,908 16,419 31,563 Net charge to income (17 ) (93,594 ) (30,481 ) (191,325 ) (315,417 ) Loans and accounts receivable from customers Interbank Commercial Mortgage loans Consumer Totals 2016 MCh$ MCh$ MCh$ MCh$ MCh$ Provisions established Individually assessed (307 ) (387,737 ) — — (388,044 ) Collectively assessed — (49,218 ) (38,837 ) (198,242 ) (286,297 ) (Loss) for provisions established (307 ) (436,955 ) (38,837 ) (198,242 ) (674,341 )(*) Provisions released Individually assessed 286 251,582 — — 251,868 Collectively assessed — 22,242 34,589 96,381 153,212 Income for provisions released 286 273,824 34,589 96,381 405,080 (*) Recovery of loans previously charged-off — 8,898 1,285 13,088 23,271 Net charge to income (21 ) (154,233 ) (2,963 ) (88,773 ) (245,990 ) (*) The amounts disclosed in the Consolidated Statements of Cash Flows are detailed below: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Charge to income for provisions established 1,290,571 819,494 674,341 Credit to income for provisions used (962,305 ) (472,514 ) (405,080 ) 328,266 346,980 269,261 b. The detail by type of loans, analyzed collectively and individually, which were constituted and released by way of provision, is as follows: As of December 31, 2018 Note Provisions established Provisions released Totals MCh$ MCh$ MCh$ Commercial (634,886 ) 474,192 (160,694 ) Mortgage (78,185 ) 78,873 688 Consumer (562,620 ) 380,294 (182,326 ) Subtotals 10 (1,275,691 ) 933,359 (342,332 ) Interbank loans, net 9 (344 ) 131 (213 ) Totals (1,276,035 ) 933,490 (342,545 ) As of December 31, 2017 Note Provisions established Provisions released Individual Group Totals Individual Group Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Commercial loans (338,701 ) (104,171 ) (442,872 ) 302,504 33,538 336,042 Mortgage loans — (63,699 ) (63,699 ) — 31,310 31,310 Consumer loans — (312,697 ) (312,697 ) — 104,953 104,953 Subtotals 10 (338,701 ) (480,567 ) (819,268 ) 302,504 169,801 472,305 Interbank loans, net 9 (226 ) — (226 ) 209 — 209 Totals (338,927 ) (480,567 ) (819,494 ) 302,713 169,801 472,514 As of December 31, 2016 Note Provisions established Provisions released Individual Group Totals Individual Group Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Commercial loans (387,737 ) (49,218 ) (436,955 ) 251,582 22,242 273,824 Mortgage loans — (38,837 ) (38,837 ) — 34,589 34,589 Consumer loans — (198,242 ) (198,242 ) — 96,381 96,381 Subtotals 10 (387,737 ) (286,297 ) (674,034 ) 251,582 153,212 404,794 Interbank loans, net 9 (307 ) — (307 ) 286 — 286 Totals (388,044 ) (286,297 ) (674,341 ) 251,868 153,212 405,080 |
Personnel Salaries and Expenses
Personnel Salaries and Expenses | 12 Months Ended |
Dec. 31, 2018 | |
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Personnel Salaries and Expenses | Note 28 – Personnel Salaries and Expenses Personnel salaries expenses for the years ended December 31, 2018, 2017 and 2016 are as follows: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Personnel compensation (176,083 ) (174,029 ) (148,073 ) Bonuses or gratifications (84,754 ) (68,946 ) (53,669 ) Compensation for years of service (12,477 ) (18,803 ) (32,704 ) Health and life insurance (804 ) (734 ) (1,050 ) Training expenses (2,590 ) (3,487 ) (1,576 ) Other personnel expenses (18,039 ) (15,324 ) (8,593 ) Totals (294,747 ) (281,323 ) (245,665 ) |
Administrative Expenses
Administrative Expenses | 12 Months Ended |
Dec. 31, 2018 | |
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Administrative Expenses | Note 29 – Administrative Expenses For the years ended as of December 31, 2018, 2017 and 2016, the composition of this item is as follows: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Administrative expenses (214,666 ) (217,130 ) (164,294 ) Maintenance and repair of fixed assets (31,673 ) (34,754 ) (23,226 ) Office lease (36,201 ) (36,482 ) (26,308 ) Equipment lease (2,925 ) (2,890 ) (2,649 ) Insurance payments (20,704 ) (22,624 ) (14,953 ) Office supplies (1,885 ) (2,228 ) (2,004 ) IT and communications expenses (43,667 ) (41,872 ) (25,860 ) Utilities and other services (4,443 ) (5,022 ) (4,240 ) Security and transportation of securities services (5,250 ) (4,691 ) (3,469 ) Representation and personnel travel expenses (3,612 ) (3,347 ) (2,427 ) Legal and notarial expenses (15,112 ) (9,546 ) (7,232 ) Technical report fees (11,626 ) (11,274 ) (7,096 ) Professional services fees (1,825 ) (2,358 ) (2,535 ) Fees for classification of titles (134 ) (1,613 ) (888 ) Fines (6,059 ) (75 ) (728 ) ATM maintenance and management services (2,630 ) (5,837 ) (5,855 ) Temporary external services (545 ) (812 ) (201 ) Postage and mailing expenses (1,341 ) (1,397 ) (2,864 ) Internal events (248 ) (666 ) (237 ) Commercial programs (1,242 ) (1,253 ) (732 ) Credit card management services (3,102 ) (4,363 ) (2,609 ) Other administrative expenses (20,442 ) (24,026 ) (28,181 ) Subcontracted services (22,303 ) (24,724 ) (23,609 ) Data processing (13,044 ) (14,733 ) (14,369 ) Products sales (275 ) (832 ) (435 ) Others (8,984 ) (9,159 ) (8,805 ) Board of Directors compensation (1,529 ) (1,394 ) (1,056 ) Marketing and advertising (14,384 ) (16,268 ) (8,322 ) Real estate taxes, contributions and levies (38,854 ) (46,106 ) (37,923 ) Real estate taxes (393 ) (671 ) (443 ) Patents (1,121 ) (1,430 ) (1,665 ) Other taxes (*) (29,324 ) (36,031 ) (29,591 ) Contributions to SBIF (8,016 ) (7,974 ) (6,224 ) Totals (291,736 ) (305,622 ) (235,204 ) (*) These amounts primarily correspond to taxes other than income taxes that affect Itaú Corpbanca Colombia and its subsidiaries (Colombian segment). These are taxes on local financial transactions, ongoing performance of commercial activities or services, non-discountable |
Depreciation, Amortization, and
Depreciation, Amortization, and Impairment | 12 Months Ended |
Dec. 31, 2018 | |
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Depreciation, Amortization, and Impairment | Note 30 – Depreciation, Amortization, and Impairment a. Depreciation and amortization The amounts corresponding to charges to results for depreciation and amortization for the years ended December 31, 2018, 2017 and 2016, are detailed below: For the years ended December 31, 2018 2017 2016 Notes MCh$ MCh$ MCh$ Depreciation of property, plant and equipment 13 (20,659 ) (19,370 ) (13,834 ) Amortization of intangible assets 12 (66,158 ) (62,475 ) (49,858 ) Totals (86,817 ) (81,845 ) (63,692 ) b. Impairment: For the years ended December 31, 2018 and 2017, the composition of this item is as follows: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Impairment of financial investments available-for-sale — — Impairment of financial investments held-to-maturity — — Subtotal financial assets — — — Impairment of property, plant and equipment (1) (28 ) (27 ) (351 ) Impairment of goodwill and intangibles — — — Subtotal Non-financial (28 ) (27 ) (351 ) Totals (28 ) (27 ) (351 ) (1) Corresponds to impairment for due to technological obsolescence caused by the current regulations (Decree N°222 of October 30, 2013 of the Ministry of the Interior and Public Security) applied to ATMs, which is in accordance with stipulated by IAS 36 Impairment of assets. The Bank has defined two CGUs: CGU Chile (Itaú Corpbanca and its Chileans subsidiaries and subsidiary allocated in New York) and CGU Colombia (Itaú Corpbanca Colombia and its subsidiaries and Itaú Corredores de Seguros S.A.). These CGUs were defined based on their main geographic areas. Their cash flow generation and performance are analyzed separately by Top management because their contributions to the consolidated entity may be identified independently. It is worth mentioning that these CGUs are consistent with the Bank’s operating segments (see Note 4). Book Value of these CGUs is as follows: CGU As of December 31, 2018 2017 MCh$ MCh$ Chile 2,600,114 2,563,799 Colombia 843,943 864,958 1. Allocation of goodwill The Goodwill generated in the reverse acquisition mentioned in Note 1, section “General information background of Itaú Corpbanca and subsidiaries” was allocated in the following manner to the two identified CGUs 2 Goodwill As of December 31, 2018 2017 MCh$ MCh$ Chile 904,868 904,868 Colombia 230,524 221,795 2. Methodology used by the Bank Consistent with the prior year, the recoverable amounts of CGU Chile and CGU Colombia have been determined using the dividend discount model. This methodology considers the cash flows that would be generated by dividends distributed to shareholders with at perpetuity, discounted to their cost of capital rate as of the valuation date. Therefore, the economic value of equity can be estimated using cash flow projections derived from financial budgets and other assumptions approved by management. In testing goodwill for impairment, management considered different sources of information, including: • Historical information existing for both Banks post-merger and, if relevant, pre-merger. one-time non-recurring • Assumptions approved by management. • Information from external sources such as analyst reports, regulators, central Banks and press releases. • Observable market information such as rate curves, inflation and growth projections. • The competitive strategy defined for both Banks. The projected funding structure and its impact on the Bank’s capital requirements and internal policy 3. Key assumptions used in calculating the recoverable amount. The key assumptions used in calculating recoverable amount, defined as those variables to which the calculation is more sensitive, are presented below: As of December 31, 2018 2017 Chile Colombia Chile Colombia Perpetuity rate ( %) 5.20 6.50 5.20 6.50 Projected inflation rate ( %) 3.00 3.00 2.80 – 3.00 3.00 – 3.40 Discount rate ( %) 10.59 11.99 10.50 11.50 Loans growth ( %) 9.65 – 11.10 8.60- 8.40 – 9.90 6.20 – 13.40 Solvency index limit ( %) 12.50 – 14.70 11.50 – 4.00 10.00 – 12.00 9.00 – 10.80 2 Goodwill generated by the acquisition of a business abroad (Colombia case) is expressed in the functional currency of the aforementioned business (Colombian peso), converted at the closing exchange rate (exchange rate COP to CLP for the purpose of accounting registration. In Chile in accordance with IAS 21 “Effects of Changes in Exchange Rates of the Foreign Currency”. (See Note 13). i. Period of Projection and Perpetuity When performing the goodwill impairment in 2018, cash flow projections are prepared for a period of 5 years from 2019 to 2023. After this period, the present value of cash flows for the year 2023 are calculated, projected to perpetuity using GDP growth rates expected for the markets in which the aforementioned CGUs operate. In 2017, management defined to project 6 years as it was consistent with the time needed to deploy the Corporate Integration plan, whose objective was to better capture the opportunities for creating value for the Bank. In this way, the strategy being implemented implied, in addition to the changes in the managerial staff and the operating models of both Banks, the change towards a new product mix, customer segmentation and medium and long-term objectives, consistent with the vision of becoming the third largest Bank in Chile. This transformation involved certain costs and other economic efforts in order to harness synergies starting in 2018. ii. Loans and deposits Loans were projected considering an increase of around 10.43% per year in Chile and 9.42% in Colombia. Anticipated changes in the product mix were also modeled for both countries. The deposit portfolio was projected using target reciprocity. iii. Income Interest income and commissions were estimated based on the sensitivities of GDP growth and the effects of inflation with respect to the Banking industry (both in Chile and Colombia), which resulted in the projected growth rate based on the mix of products (consumer, housing and commercial placements) and in the market share objective proposed by the administration. iv. Costs of funding The cost projections are mainly determined based on demand deposits and term deposits balances, considering an annual average ratio of 3.2% for Chile and 4.3% for Colombia. v. Discount rate Estimated as the discount rate of the Cost of Capital (Ke) in local currency, which was used to discount the cash flows of each CGU. This calculation considers a premium for the risk of the country for each CGU. vi. Perpetuity rate The perpetuity growth rates are aligned with the growth of the economy in both jurisdictions. Consequently, these were built considering local inflation and GDP growth projections vii. Dividend payment The payment of dividends was made by maximizing the cash flows of the shareholder taking as a restriction that the solvency indicator (ratio of technical equity with risk-weighted assets) does not fall below the minimum limits required by the regulatory entities. In this way, a dividend for the CGU of Chile of 40% for the first 5 years and 50% in perpetuity was considered; and for the CGU Colombia of 50% and 55% respectively. 4. Outcome of impairment testing As a result of the impairment testing process described above, management concludes that the recoverable amount of the CGUs exceeds their carrying amount, as shown in the following table: As of December 31, 2018 2017 Chile Colombia Chile Colombia Recoverable Amount / Carrying Value ( %) 113.00 102.90 118.30 102.00 Consequently, management has not identified an impairment impact that has to be recognized in the financial statements. 5. Uncertainty and sensitivity of calculation to changes in key assumptions The estimates and judgments included in the calculations of recoverable amount are based on historical experience and other factors, including management’s expectations of future events considered reasonable based on current circumstances. However, the assumptions used are subject to a large degree of uncertainty and actual future results could differ from projections. For example: • The Bank considers that the operational integration of the Banks in Chile will be completed in 2019. • The model for estimating the recoverable amount of the Colombian CGU assumed a recovery of the business from 2019 onward. • This, together with other measures, will result in growth of the various loan portfolios above industry averages. The Bank has sensitized discount and growth rates at perpetuity separately for CGU Colombia so that the Recoverable Amount (AR) of CGU Colombia is equal to its Carrying Amount (CA): As of 2018 2017 Discount rates ( %) 12.21 11.60 Perpetuity growth rate ( %) 6.29 6.40 Management has considered and analyzed possible reasonable changes in key assumptions and has not identified other situations in which the Carrying Amount exceeds the Recoverable Amount. Additionally, the ranges of the discount and growth rates in perpetuity of the CGU Colombia have been sensitized, separately, in both cases of 60 basis points As of December 31, 2018 2017 Discount rates ( %) 11.99 11.50 Range ( %) 11.39 – 12.59 10.90 – 12.10 Range (RA/CV) ( %) 93.01 – 118.21 91.80 – 115.00 Perpetuity growth rate ( %) 6.50 6.50 Range ( %) 5.90 – 7.10 5.90 – 7.10 Range (RA/CV) ( %) 94.72 – 116.05 91.50 – 115.40 6. Reconciliation of before and after taxes The Bank has used the cost of own capital (Ke) rate as a discount rate in its calculation of the recoverable amount, a rate that is observable after taxes. The following table shows the effect of considering the flows and the discount rate before taxes. As of December 31, 2018 2017 Chile Colombia Chile Colombia Discount rates ( %) 13.22 18.08 12.78 17.93 Recoverable amount/Carrying value ( %) 126.50 111.90 150.50 118.06 |
Other operating income and expe
Other operating income and expenses | 12 Months Ended |
Dec. 31, 2018 | |
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Other operating income and expenses | Note 31 – Other operating income and expenses a) Other operating income The detail of other operating income is as follows: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Income from assets received in lieu of payment Gain on sales of assets received in lieu of payment 8,562 5,566 1,176 Other income 30 2,578 75 Subtotals 8,592 8,144 1,251 Other income Compensations from insurance companies 53 — Gain on sale of property, plant and equipment 5,519 14,119 37 Recovery of leased assets 1,349 522 514 Other operating income, subsidiaries 2,158 3,092 2,572 Gain on sale of leased assets 1,447 19 349 Other operating income 199 173 598 Marketing contribution, insurance companies 3,626 4,128 7,893 Other operating income, leases 724 446 — Other income for recovery foreign expenses 620 420 — Recoveries from expenses provisions 1,166 2,352 4,997 Other income 1,203 8,117 1,236 Subtotals 18,064 33,388 18,196 Totals 26,656 41,532 19,447 b) Other operating expenses During the years ended December 31, 2018, 2017 and 2016, the Bank presents other operating expenses according to the following: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Provisions for assets received in lieu of payment (16,132 ) (14,472 ) (9,463 ) Maintenance expenses for assets received in lieu of payment (1,301 ) (714 ) (596 ) Subtotal (17,433 ) (15,186 ) (10,059 ) Provisions for contingencies Other provisions for contingencies (1,998 ) (586 ) (8,952 ) Subtotals (1,998 ) (586 ) (8,952 ) Other expenses. Loss on sale of property, plant and equipment (307 ) (1,099 ) (71 ) Credit card loyalty point benefits expenses (14,306 ) (13,238 ) (26,303 ) Operating loss expenses (10,589 ) (8,098 ) (2,661 ) Insurance expense (law 20,027) (622 ) (1,205 ) (1,420 ) Provision expense for recovered leased assets (4,170 ) (4,835 ) (11,327 ) Banking expenses (2,450 ) (3,482 ) (2,184 ) Fines and penalties (13,110 ) (2,025 ) (880 ) Loss on damaged assets (2,311 ) (2,026 ) (962 ) Other expenses (903 ) (10,550 ) (6,896 ) Subtotals (48,768 ) (46,558 ) (52,704 ) Totals (68,199 ) (62,330 ) (71,715 ) |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2018 | |
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Related Party Transactions | Note 32 – Related Party Transactions In accordance with the provisions set forth in the Chilean General Banking Law and the instructions issued by the Chilean Superintendency of Banks and Financial Institutions, related parties are those individuals or corporations related to the ownership or management of the Institution directly or through third parties. Article 89 of the Ley de Sociedades Anónimas (Chilean Companies Law), which also applies to Banks, establishes that any transaction with a related party must be carried out on an arm’s length basis. In the case of sociedades anónimas abiertas (publicly traded companies) and their subsidiaries, transactions with related parties involve any negotiation, act, contract or transaction in which the company must intervene; the following are considered as parties related to them: those entities of the corporate Bank to which the company belongs; the corporations that, with respect to the company, have the status as parent, controlling entity, affiliate, subsidiary; the Directors, Managers, Administrators, Chief Executive Officer or Liquidators of the company, acting in their own names or on behalf of individuals other than the company, and their respective spouses or their relatives up to the second degree of consanguinity, as well as any entity controlled either directly or indirectly, through any of them; and any person who either acting individually or jointly with others with whom it has executed a joint operation agreement, may appoint at least one member of the management of the company or controls 10% or more of its capital stock, with the right to vote, in the case of a sociedad por acciones (stock corporation); those established by the bylaws of the company, or justifiably identified by the Directors’ Committee; and those in which it has acted as Director, Manager, Administrator, Chief Executive Officer or Liquidator of the company, during the last eighteen months. Article 147 of the Ley de Sociedades Anónimas (Chilean Companies Law) sets forth that a sociedad anónima abierta (publicly traded company) may only carry out transactions with related parties when they are intended to contribute to the corporate interest, are adjusted in the price, terms and conditions to those prevailing in the market at the time of their approval and comply with the requirements and the procedure indicated by it. Moreover, Article 84 of the Chilean General Banking Law establishes limits for the loans that may be granted to related parties and the prohibition to grant loans to the Directors, Managers or General Attorneys of the Bank. a. Loans granted to related parties. As of December 31, 2018 and 2017, the loans granted to related persons are detailed below: As of December 31, 2018 As of December 31, 2017 Productive Investment Individuals Productive Investment Individuals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Loans and accounts receivable from customers Commercial loans 170,873 64,073 3,960 113,202 79,715 3,730 Mortgage loans — — 21,154 — — 19,273 Consumer loans — — 5,961 — — 5,081 Gross loans and accounts receivable from customers 170,873 64,073 31,075 113,202 79,715 28,084 Allowance for loan losses (2,550 ) (70 ) (63 ) (1,627 ) (5,252 ) (96 ) Loans and receivables to customers, net 168,323 64,003 31,012 111,575 74,463 27,988 b. Other transactions with related parties. For the years ended December 31, 2018, 2017 and 2016, the Bank entered into the following transactions with related parties for amounts are detailed below: As of December 31, 2018 Balances receivable Effect on income (loss) (payable) Income Expense Name or Corporate Name Description MCh$ MCh$ MCh$ Redbanc S.A. ATM management — — 3,002 Transbank S.A. Credit card management — — 15,469 Combanc S.A. Data transmission services — — 350 Itaú Chile Cía. de Seguros de Vida S.A. Life insurance — 93 706 Corp Research S.A. Advisory services — — 463 Itaú Chile Inv. Serv. y Administración S.A. Leases — 204 141 Instituto de Estudios Bancarios Guillermo Subercaseaux Education services — — 121 VIP Asesorias y Servicios Integrales Ltda. Advisory services — — 129 Everis Chile S.A. Advisory services — — 906 CAI Gestion Inmobiliaria S.A. Department stores — — 103 Promoservice S.A. Promotional services — — — Comder Contraparte Central S.A Banking services — — 902 Operadora de Tarjeta de Crédito Nexus S.A. Credit card management — — 2,909 Pulso Editorial S.A Publishing services — — 471 Inmobiliaria Edificio Corpgroup S.A. Office lease and building fees — — 4,693 Hotel Corporation of Chile S.A. Hotel, events — — 94 Corp Imagen y diseños S.A. Marketing — — 99 Corp Group Holding Inversiones Limitada Advisory services — — 408 SMU S.A., Rendic Hnos. S.A. Lease of ATM space 6) 5,698 — 2,262 Inversiones Corp Group Interhold Ltda. Administrative consulting — — 2,476 Bcycle Latam SPA Administrative consulting — — 4,048 Bolsa de Comercio de Santiago Other services — — 204 Adexus S.A. Data transmission services — — 254 As of December 31, 2017 Balances receivable Effect on income (loss) Name or Corporate Name Description (payable) Income Expense MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Redbanc S.A. ATM management — — 3,355 Transbank S.A. Credit card management — — 14,586 Combanc S.A. Data transmission services — — 378 Itaú Chile Cía. de Seguros de Vida S.A. Life insurance — 7,819 948 Asesorias Cumelen S.A. Advisory services — — — Corp Research S.A. Management advisory services — — 453 Recuperadora de Créditos S.A. Credit collection — — — Itaú Chile Inv. Serv. y Administración S.A. Leases — — 650 Compañia de Seguros Confuturo S. A. (*) Insurance — — — Instituto de Estudios Bancarios Guillermo Subercaseaux Education services — — 143 Opina S.A. Publishing services — — — VIP Asesorias y Servicios Integrales Ltda. Advisory services — — 415 Everis Chile S.A. Advisory services — — 607 CAI Gestion Inmobiliaria S.A. Commercial home (Department stores) — — 115 Compañia de Seguros Corp Seguros S.A (*) Insurance — — — Universidad Andres Bello Education services — — — Promoservice S.A. Promotion services — — 267 Comder Contraparte Central S.A Banking services — — 1,067 Sinacofi S.A (*) Data transmission services — — — Operadora de Tarjeta de Crédito Nexus S.A. Credit Card processing — — 3,836 Pulso Editorial S.A Publishing services — — 509 Inmobiliaria Edificio Corpgroup S.A. Corporate office rent and building cost — — 4,725 Grupo de Radios Dial S.A. Publicity — — — Hotel Corporation of Chile S.A. Accommodation, events — — 265 Corp Imagen y diseños S.A. Other services — — 196 Asesorias e Inversiones Rapelco Limitada S.A. Other services — — — Corp Group Holding Inversiones Limitada Advisory services — — 398 SMU S.A., Rendic Hnos. S.A. Prepaid rent for space for ATMs 7,960 — 2,221 Inversiones Corp Group Interhold Ltda. Management advisory services — — 3,097 Bcycle Latam SPA Other services — — 552 As of December 31, 2016 Name or Corporate Name Description Balances receivable Effect on income (loss) Income Expense MCh$ MCh$ MCh$ Redbanc S.A. ATM management — — 3,754 Transbank S.A. Credit card management — — 10,882 Combanc S.A. Data transmission services — — 291 Itaú Chile Cía. de Seguros de Vida S.A. Life insurance — 5,653 2,782 Asesorias Cumelen S.A. Advisory services — — 450 Corp Research S.A. Management advisory services — — 443 Recuperadora de Créditos S.A. Credit collection — — 540 Itaú Chile Inv. Serv. y Administración S.A. Leases — — 422 Compañia de Seguros Confuturo S. A. Insurance — — 1,418 Instituto de Estudios Bancarios Guillermo Subercaseaux Education services — — 69 Opina S.A. Publishing services — — 110 VIP Asesorias y Servicios Integrales Ltda. Advisory services — — 185 Itaú Unibanco S.A. Advisory services — — — CAI Gestion Inmobiliaria S.A. Commercial home (Department stores) — — 90 Compañia de Seguros Corp Seguros S.A Insurance — — 3,263 Universidad Andres Bello Education services — — 32 Promoservice S.A. Promotion services — — 1,431 Comder Contraparte Central S.A Banking services — — 697 Sinacofi S.A Data transmission services — — 918 Operadora de Tarjeta de Crédito Nexus S.A. Credit Card processing — — 1,896 Pulso Editorial S.A Publishing services — — 521 Inmobiliaria Edificio Corpgroup S.A. Corporate office rent and building cost — — 5,010 Grupo de Radios Dial S.A. Publicity — — 107 Hotel Corporation of Chile S.A. Accommodation, events — — 64 Corp Imagen y diseños S.A. Other services — — 82 Asesorias e Inversiones Rapelco Limitada S.A. Other services — — 37 Corp Group Holding Inversiones Limitada Advisory services — — 394 SMU S.A., Rendic Hnos. S.A. Prepaid rent for space for ATMs 10,181 — 2,152 Inversiones Corp Group Interhold Ltda. Management advisory services — — 2,172 These transactions were carried out at normal market prices prevailing at the day of the transactions. c. Donations. Name or corporate name Description For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Fundación Corpgroup Centro Cultural Donations 1,225 1,302 1,373 Fundación Descúbreme Donations 194 200 173 Fundación Itaú Donations 157 167 152 Fundación de Inclusión Social Aprendamos Donations — 5 5 d. Other assets and liabilities with related parties. As of December 31, 2018 2017 MCh$ MCh$ ASSETS 26,854 23,962 Derivative financial instruments 25,708 21,687 Other assets 1,146 2,275 LIABILITIES 188,057 185,056 Derivative financial instruments 860 1,935 Current accounts and demand deposits 30,466 37,464 Time deposits and saving accounts 145,995 131,409 Other liabilities 10,736 14,248 e. Results of transactions with related parties For the years ended December 31, 2018 2017 2016 Type of recognized income or expense Income Expenses Income Expenses Income Expenses MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Income and interest expenses and readjustments 3,748 2,970 10,146 4,902 11,370 5,913 Income and expenses for commissions and services 829 — 5,227 — 5,483 — Profit and loss from trading 1,146 501 2,333 1,534 3,399 7,810 Operational support expenses 1,075 — 537 99 324 438 Other income and expenses 84 222 216 390 70 303 Totals 6,882 3,693 18,459 6,925 20,646 14,464 f. Payments to Board of Directors and key management personnel. Compensation received by key personnel of Management correspond to the following categories: As of December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Short-term employee benefits 31,892 27,759 35,762 Post-employment benefits — — — Other long-term benefits — — — Compensation for termination of contract 1,337 3,471 14,893 Totals 33,229 31,230 50,655 As of December 31, 2018, the total compensation received during 2018 by the managers and top executives of Itaú Corpbanca amounts to MCh$22,185 (MCh$21,505 million as of December 31, 2017). g. Conformation of key personnel Compensation received by directors and key management personnel is categorized as follows: Number of executives As of December 31, Position 2018 2017 Directors 12 11 Chief Executive Officers-at 11 7 Corporative Manager 10 11 Area manager 145 94 Deputy Managers 163 155 Vice-president 14 2 h. Transactions with key personnel The following transactions with key personnel have been performed during the years ended December 31, 2018 and 2017: As of December 31, 2018 2017 MCh$ MCh$ Credits cards 89 390 Consumer loans 339 793 Commercial loans 536 815 Mortgage loans 2,325 3,541 |
Fair Value of Financial Assets
Fair Value of Financial Assets and Liabilities | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Fair Value of Financial Assets and Liabilities | This disclosure was prepared based on the guidelines “Fair Value of Financial Instruments” from the IFRS 13 “Fair Value Measurements.” The following section details the main guidelines and definitions used by the Bank: Fair value: 3 4 Market participants: • They are independent of each other, i.e. they are not related parties as defined in IAS 24 “Related Party Disclosures,” although the price in a related party transaction may be used as an input to a fair value measurement if the entity has evidence that the transaction was entered into at market terms. • They are knowledgeable, having a reasonable understanding about the asset or liability and the transaction using all available information, including information that might be obtained through due diligence efforts that are usual and customary. • They are able to enter into a transaction for the asset or liability. • They are willing to enter into a transaction for the asset or liability (i.e. they are motivated, but not forced or otherwise compelled, to do so). Fair value measurement: Aspects of the transaction: Market participants: Prices: Highest and best use of non-financial Bank’s own liabilities and equity instruments: 3 The market with the greatest volume and level of activity for the asset or liability. 4 The market that maximizes the amount that would be received to sell the asset or minimizes the amount that would be paid to transfer the liability, after taking into account transaction costs and transport costs. a. A liability would remain outstanding and the market participant transferee would be required to fulfill the obligation. The liability would not be settled with the counterparty or otherwise extinguished on the measurement date. b. An entity’s own equity instrument would remain outstanding and the market participant transferee would take on the rights and responsibilities associated with the instrument. The instrument would not be cancelled or otherwise extinguished on the measurement date. Default risk: Initial recognition: Valuation techniques: a. Market approach b. Income approach c. Cost approach Present value techniques: Components of the present value measurement: a. An estimate of future cash flows for the asset or liability being measured. b. Expectations about possible variations in the amount and timing of the cash flows representing the uncertainty inherent in the cash flows. c. The time value of money, represented by the rate on risk-free monetary assets that have maturity dates or durations that coincide with the period covered by the cash flows and pose neither uncertainty in timing nor risk of default to the holder (i.e. a risk-free interest rate). d. The price for bearing the uncertainty inherent in the cash flows (i.e. a risk premium). e. Other factors that market participants would take into account in the circumstances. f. For a liability, the non-performance Fair value hierarchy The following table summarizes the fair values of the Bank’s main financial assets and liabilities as of December 31, 2018, including those that are not recorded at fair value in the Consolidated Statement of Financial Position. Determination of the fair value as of December 31, 2018 - under IFRS 9 As of December 31, 2018 Book value Estimated fair value Recurring Non-recurring MCh$ MCh$ MCh$ ASSETS Cash and deposits in banks 987,680 — 987,680 Cash items in process of collection 318,658 — 318,658 Financial instruments at fair value through profit or loss 96,943 96,943 — Financial instruments at fair value through other comprehensive income 2,657,154 2,657,154 — Loans and accounts receivable at amortized cost 20,714,370 — 20,827,852 Financial instruments at amortized cost 198,923 — 199,561 Investments under resale agreements 109,467 — 109,467 Financial derivative contracts 1,368,957 1,368,957 Interbank loans, net 341,244 — 341,244 Totals 26,793,396 4,123,054 22,784,462 LIABILITIES Deposits and other demand liabilities 4,300,475 — 4,300,475 Cash in process of being cleared 247,165 — 247,165 Obligations under repurchase agreements 1,015,614 — 1,015,614 Time deposits and other time liabilities 10,121,111 — 10,135,722 Financial derivative contracts 1,112,806 1,112,806 — Interbank borrowings 2,327,723 — 2,335,509 Debt instruments issued 6,010,124 — 6,311,527 Other financial liabilities 12,400 — 12,400 Totals 25,147,418 1,112,806 24,358,412 The following table summarizes the fair values of the Bank’s main financial assets and liabilities as of December 31, 2017, including those that are not recorded at fair value in the Consolidated Statement of Financial Position. Determination of the fair value as of December 31, 2017 - under IAS 39 As of December 31, 2017 Estimated fair value Book value Recurring Non-recurring MCh$ MCh$ MCh$ ASSETS Cash and deposits in banks 964,030 — 964,030 Cash items in process of collection 157,017 — 157,017 Investments under resale agreements 28,524 — 28,524 Financial derivative contracts 1,248,775 1,248,775 — Interbank loans, net 70,077 — 70,077 Trading investments 415,061 415,061 — Loans and accounts receivable from customers, net 19,764,078 — 19,893,448 Available for sale instruments 2,663,478 2,663,478 — Held to maturity investments 202,030 — 201,283 Totals 25,513,070 4,327,314 21,314,379 LIABILITIES Deposits and other demand liabilities 4,141,667 — 4,141,667 Cash in process of being cleared 109,496 — 109,496 Obligations under repurchase agreements 420,920 — 420,920 Time deposits and other time liabilities 10,065,243 — 10,099,251 Financial derivative contracts 1,095,154 1,095,154 — Interbank borrowings 2,196,130 — 2,216,507 Debt instruments issued 5,950,038 — 6,185,043 Other financial liabilities 17,066 — 17,066 Totals 23,995,714 1,095,154 23,189,950 In addition, the fair value estimates presented above do not attempt to estimate the value of the Bank’s profits generated by its business, nor future business activities, and, therefore, do not represent the value of the Bank as a going concern. The following section describes the methods used to estimate fair value: Fair Value Measurements of assets and liabilities only for disclosure purposes (non-recurring) Non-recurring As of December 31, 2018 MCh$ ASSETS Cash and deposits in banks 987,680 Cash items in process of collection 318,658 Loans and accounts receivable at amortized cost 20,827,852 Investments under resale agreements 109,467 Interbank loans, net 341,244 Financial instruments at amortized cost 199,561 Totals 22,784,462 LIABILITIES Deposits and other demand liabilities 4,300,475 Cash in process of being cleared 247,165 Obligations under repurchase agreements 1,015,614 Time deposits and other time liabilities 10,135,722 Interbank borrowings 2,335,509 Debt instruments issued 6,311,527 Other financial obligations 12,400 Totals 24,358,412 Fair Value Measurements of assets and liabilities only for disclosure purposes (non-recurring) Non-recurring As of December 31, 2017 MCh$ ASSETS Cash and deposits in banks 964,030 Cash items in process of collection 157,017 Investments under resale agreements 28,524 Interbank loans, net 70,077 Loans and accounts receivable from customers, net 19,893,448 Held to maturity investments 201,283 Totals 21,314,379 LIABILITIES Deposits and other demand liabilities 4,141,667 Cash in process of being cleared 109,496 Obligations under repurchase agreements 420,920 Time deposits and other time liabilities 10,099,251 Interbank borrowings 2,216,507 Debt instruments issued 6,185,043 Other financial obligations 17,066 Totals 23,189,950 Cash, short-term assets and short-term liabilities The fair value of these items approximates their book value given their short-term nature. These items include: • Cash and deposits in Banks • Cash in the process of collection • Financial instruments at fair value through profit or loss • Trading investments • Current accounts and demand deposits • Other financial obligations Loans The fair value of loans is determined using a discounted cash flow analysis, using a risk-free interest rate adjusted for expected losses from debtors based on their credit quality. The credit risk adjustment is based on the Bank’s credit risk policies and methodologies: These items include: • Interbank loans • Loans and receivables from customers Financial instruments held to maturity The estimated fair value of these financial instruments is determined using quotes and transactions observed in the main market for identical instruments, or in their absence, for similar instruments. Fair value estimates of debt instruments or securities representative of debt take into account additional variables and inputs to the extent that they apply, including estimates of prepayment rates and the credit risk of issuers. Financial instruments held to maturity The estimated fair value of these financial instruments is determined using quotes and transactions observed in the main market for identical instruments, or in their absence, for similar instruments. Fair value estimates of debt instruments or securities representative of debt take into account additional variables and inputs to the extent that they apply, including estimates of prepayment rates and the credit risk of issuers. Medium and long-term liabilities The fair value of medium and long-term liabilities is determined using a discounted cash flow analysis, using an interest rate curve that reflects current market conditions at which the entity’s debt instruments are traded. Medium and long-term liabilities include: • Time deposits and saving accounts • Borrowings from financial institutions • Debt issued Fair Value measurement of financial assets and liabilities (recurring) - under IFRS 9: Fair value measurement of recurring items As of December 31, 2018 MCh$ ASSETS Financial instruments at fair value through profit or loss 96,943 Chilean Central Bank and Government securities 36,608 Other securities issued in Chile 4,017 Foreign government and central bank instruments 23,276 Other instruments issued abroad 19,505 Investments in mutual funds 3,532 Other investments at FVTPL 10,005 Financial instruments at fair value through other comprehensive income 2,657,154 Chilean Central Bank and Government securities 1,352,084 Other securities issued in Chile 196,439 Foreign government and central bank instruments 769,693 Other instruments issued abroad 332,560 Other investments at FVOCI 6,378 Financial derivative contracts 1,368,957 Forwards 342,993 Swaps 1,021,701 Call options 4,217 Put options 46 Total 4,123,054 LIABILITIES Financial derivative contracts 1,112,806 Forwards 322,241 Swaps 788,133 Call options 1,493 Put options 939 Total 1,112,806 Fair Value measurement of financial assets and liabilities (recurring) – under IAS 39: Fair value measurement of recurring items As of December 31, 2017 MCh$ ASSETS Trading investments 415,061 Chilean Central Bank and Government securities 7,126 Other securities issued in Chile 5 Foreign government and central bank instruments 381,262 Other instruments issued abroad 8,147 Investments in mutual funds 18,521 Other investments — Available for sale instruments 2,663,478 Chilean Central Bank and Government securities 1,783,877 Other securities issued in Chile 147,762 Foreign government and central bank instruments 420,687 Other instruments issued abroad 300,740 Other investments 10,412 Financial derivative contracts 1,248,775 Forwards 316,901 Swaps 930,744 Call options 421 Put options 709 Total 4,327,314 LIABILITIES Financial derivative contracts 1,095,154 Forwards 333,482 Swaps 759,216 Call options 86 Put options 2,370 Total 1,095,154 Financial Instruments The estimated fair value of these financial instruments is determined using quotes and transactions observed in the main market for identical instruments, or in their absence, for similar instruments. Fair value estimates of debt instruments or securities representative of debt take into account additional variables and inputs to the extent that they apply, including estimates of prepayment rates and the credit risk of issuers. These financial instruments are classified as follows: • Trading portfolio financial assets • Financial investments available for sale Financial Derivative Instruments The estimated fair value of derivative instruments is calculated using prices quoted in the market for financial instruments with similar characteristics. Therefore, the methodology recognizes the credit risk of each counterparty. The adjustments are known internationally as the counterparty value adjustment (“CVA”), which consists of an adjustment for debtor risk (credit value adjustment or CVA) and for creditor risk (debit value adjustment or “DVA”). The sum of these adjustments gives the effective counterparty risk that the derivative contract must have. These adjustments are recorded periodically in the financial statements. As of December 2018, 2017 and 2016, the portfolio of derivative contracts in both Chile and Colombia is detailed as follows: As of December 31, 2018 2017 2016 CVA DVA CVA DVA CVA DVA MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Derivatives held for hedging — — (2 ) 815 (36 ) 244 Fair value hedge — — (11 ) 783 (12 ) 274 Currency forwards — — — — — — Currency swaps — — (5 ) 222 9 37 Interest rate swaps — — (6 ) 561 (21 ) 237 Cash flow hedge — — 1 54 (18 ) (6 ) Currency forwards — — (1 ) (13 ) (17 ) — Currency swaps — — — 27 (1 ) 5 Interest rate swaps — — 2 40 — (11 ) Hedge of net investments in a foreign operation — — 8 (22 ) (6 ) (24 ) Currency forwards — — 8 (22 ) (6 ) (24 ) Currency swaps — — — — — — Interest rate swaps — — — — — — Derivatives held for trading (37,821 ) 340 (53,396 ) 554 (51,961 ) 1,003 Currency forwards (127 ) 65 (258 ) (724 ) (1,161 ) (72 ) Currency swaps (31,167 ) 127 (42,829 ) 367 (28,951 ) 526 Interest rate swaps (6,527 ) 148 (10,244 ) 911 (21,860 ) 549 Call currency options — — — — (10 ) — Call currency options — — (65 ) — 21 — Total financial derivative contracts (37,821 ) 340 (53,398 ) 1,369 (51,997 ) 1,247 1.2 Fair value hierarchy IFRS 13 establishes a fair value hierarchy that classifies assets and liabilities based on the characteristics of the data that the technique requires for its valuation: Level 1 Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Entity can access at the measurement date. The inputs needed to value the instruments in this category are available daily and used directly. In the case of currency, shares and mutual funds, prices are observed directly in over-the-counter For instruments issued by the Chilean Central Bank and the Chilean Treasury, a price provider is used, which corresponds to a public quotation. The comparative prices are defined under the criterion of similarity in duration, type of currency and they are traded equivalently on a daily basis. The valuation of these instruments is identical to the Stock Exchange Comercio de Santiago, which is a standard and international methodology. This methodology uses the rate of internal return to discount the flows of the instrument. Level 2 The specific instrument does not have daily quotes. However, similar instruments can be observed (e.g. same issuer, different maturity; or different issuer, same maturity and risk rating). In general, they are diverse combinations of pseudo-arbitration. Although the inputs are not directly observable, observable inputs are available with the needed periodicity. In this category, instruments are valued by discounting contractual cash flows based on a zero-coupon For derivative instruments within this category, quotes from over-the-counter The Black and Scholes model is used for options based on prices of brokers in the Over-The-Counter For money market instruments, prices of transactions on the Santiago Stock Exchange are observed and used to model market curves. For corporate or Bank bonds, given the lack of market depth, the Bank uses transactions (if any) in the Chilean market, on foreign markets, zero-coupon Level 3 Inputs are unobservable inputs for the asset or liability. This is used when prices, data or necessary inputs are not directly or indirectly observable for similar instruments for the asset or liability as of the valuation date. These fair value valuation models are subjective in nature. Therefore, they base their estimate of prices on a series of assumptions that are widely accepted by the market. The Bank has two products in this category. Due to the lack of liquidity of the active Banking rate (TAB), the price is not observable and, therefore, models must be used to estimate the future cash flows of the contract. This spread is calculated on a historical basis using the Interest Rate Swap with the greatest market depth. In addition, the Bank develops American forwards to meet its customers’ needs. They do not have a secondary market and, therefore, their value is estimated using an extension of the Hull-White model, used widely by the financial services industry. None of these products generate significant impacts on the Bank’s results as a result of recalibration. The TAB swap does not have significant impacts on the valuation as the parameters are stable and the reversal to a historic average is empirically quick, which this model reflects correctly. On the other hand, the American forward behaves like a traditional forward when there is an important curve differential, which is the case between the Chilean peso-US The table below summarizes the impacts on the portfolio of a recalibration of the models based on a stress scenario, recalibrating parameters with the shock incorporated. Impact calibration As of December 31, 2018 As of December 31, 2017 Forward USD-CLP Basis TAB Basis TAB Forward USD-CLP Basis TAB Basis TAB MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Volatility exchange rate USD-CLP — — — — — — TAB 30 — 116 — — 157 — TAB 90 — 26 — — 46 — TAB 180 — 50 21 — — 30 TAB 360 — 3 5 — — 8 Totals — 195 26 — 203 38 The following table summarizes the fair value hierarchy for the Bank’s recurring valuation of financial instruments: Level Instrument Issuer Price Source Model I Currencies Not Applicable OTC, Bloomberg Directly observable price. Shares Various Stock Exchange Directly observable price. Mutual Funds Asset Managers CMF (formerly the SVS) Directly observable price. Bonds Chilean Central Bank and Chilean Treasury Stock Exchange Internal rate of return (“IRR”) based on prices. II Derivatives Not Applicable OTC (brokers), Bloomberg Interest rate curves based on forward prices and coupon rates. Money market instruments Chilean Central Bank and Chilean Treasury Stock Exchange Interest rate curves based on prices. Money market instruments Banks Stock Exchange Interest rate curves based on prices. Bonds Companies, Banks Pricing provider Interest rate curves based on correlations, spreads, interpolations, etc. III Derivatives, active Banking rate (TAB) Not Applicable OTC (brokers) Interest rate curves based on modeling of TAB-Chamber Derivatives, American forwards Not Applicable Bloomberg Black and Scholes with inputs from European options. The following table classifies assets and liabilities measured at fair value on a recurring basis, in accordance with the fair value hierarchy established in IFRS 13 as of December 31, 2018 – under IFRS 9: As of December 31, 2018 Measurement at fair value of instruments on a recurring basis using Fair value Market value of the Other observable (Level 2) Non-observable (Level 3) MCh$ MCh$ MCh$ MCh$ ASSETS Financial instruments at fair value through profit or loss 96,943 67,430 29,513 — Chilean Central Bank and Government securities 36,608 36,608 — — Other securities issued locally 4,017 4,014 3 — Foreign government and central bank instruments 23,276 23,276 — — Other securities issued abroad 19,505 — 19,505 — Investments in mutual funds 3,532 3,532 — — Other investments at FVTPL 10,005 — 10,005 — Financial instruments at fair value through other comprehensive income 2,657,154 2,458,410 198,744 — Chilean Central Bank and Government securities 1,352,084 1,352,084 — — Other securities issued locally 196,439 5,979 190,460 — Foreign government and central bank instruments 769,693 769,693 — — Other securities issued abroad 332,560 330,654 1,906 — Other investments at FVOCI 6,378 — 6,378 — Financial derivative contracts 1,368,957 — 1,341,801 27,156 Forwards 342,993 — 342,375 618 Swaps 1,021,701 — 995,163 26,538 Call options 4,217 — 4,217 — Put options 46 — 46 — Totals 4,123,054 2,525,840 1,570,058 27,156 LIABILITIES Financial derivative contracts 1,112,806 — 1,112,237 569 Forwards 322,241 — 322,192 49 Swaps 788,133 — 787,613 520 Call options 1,493 — 1,493 — Put options 939 — 939 — Totals 1,112,806 — 1,112,237 569 The following table classifies assets and liabilities measured at fair value on a recurring basis, in accordance with the fair value hierarchy established in IFRS 13 as of December 31, 2017 – under IAS 39: As of December 31, 2017 Measurement at fair value of instruments on a recurring basis Fair value Market value of Other observable (Level 2) Non-observable MCh$ MCh$ MCh$ MCh$ ASSETS Trading investments 415,061 409,197 5,864 — Chilean Central Bank and Government securities 7,126 7,126 — — Other securities issued locally 5 — 5 — Foreign government and central bank instruments 381,262 378,636 2,626 — Other securities issued abroad 8,147 4,914 3,233 — Investments in mutual funds 18,521 18,521 — — Available for sale instruments 2,663,478 2,204,564 458,914 — Chilean Central Bank and Government securities 1,783,877 1,783,877 — — Other securities issued locally 147,762 — 147,762 — Foreign government and central bank instruments 420,687 420,687 — — Other securities issued abroad 300,740 — 300,740 — Other investments 10,412 — 10,412 Financial derivative contracts 1,248,775 — 1,218,247 30,528 Forwards 316,901 — 316,848 53 Swaps 930,744 — 900,269 30,475 Call options 421 — 421 — Put options 709 — 709 — Totals 4,327,314 2,613,761 1,683,025 30,528 LIABILITIES Financial derivative contracts 1,095,154 — 1,094,549 605 Forwards 333,482 — 333,482 — Swaps 759,216 — 758,611 605 Call options 86 — 86 — Put options 2,370 — 2,370 — Totals 1,095,154 — 1,094,549 605 d. Transfers between level 1 and 2 As of December 31, 2018 no transfers were observed between Level 1 and Level 2, as shown below – under IFRS 9: Measurement at fair value of instruments that are valued recurrently As of December 31, 2018 Fair value Level 1 to 2 Level 2 to 1 MCh$ MCh$ MCh$ ASSETS Financial instruments at fair value through profit or loss 96,943 — — Financial instruments at fair value through other comprehensive income 2,657,154 — — Financial derivative contracts 1,368,957 — — Totals 4,123,054 — — LIABILITIES Financial derivative contracts 1,112,806 — — Totals 1,112,806 — — As of December 31, 2018 no transfers were observed between Level 1 and Level 2, as shown below – under IAS 39: Measurement at fair value of instruments that are valued recurrently As of December 31, 2017 Fair value Level 1 to 2 Level 2 to 1 MCh$ MCh$ MCh$ ASSETS Trading investments 415,061 — — Available for sale instruments 2,663,478 — — Financial derivative contracts 1,248,775 — — Totals 4,327,314 — — LIABILITIES — Financial derivative contracts 1,095,154 — — Totals 1,095,154 — — e. Disclosures regarding level 3 assets and liabilities During 2018 and 2017, no assets were transferred between levels 1 and 2. a. Disclosures Regarding Level 3 Assets and Liabilities Level 3 assets and liabilities are valued using techniques that require inputs that are not observable on the market, for which the income approach is used to convert future amounts to present amounts. This category includes: Financial derivative instruments indexed to the TAB rate. This rate is comprised of an interbank rate and a liquidity premium charged to financial institutions and is determined using a short-rate model with mean reversion. American forward options. As none of these products has a market, the Bank uses financial engineering valuation techniques that use unobservable variables. These techniques use the following inputs: transaction prices from the main financial instrument markets and assumptions that are widely accepted by the financial services industry. Using this information, unobservable variables are constructed such as: adjustment curves, spreads, volatilities and other variables necessary for the valuation. Lastly, all of the models are subject to internal contrasts by independent areas and have been reviewed by internal auditors and regulators. None of these products generate significant impacts on the Bank’s results as a result of recalibration. The American forward is only offered for the US dollar-Chilean peso market and until now, given the important differential between these interest rates, the product behaves like a traditional forward. The TAB swap does not have significant impacts on the valuation as the modeled liquidity premiums have a quick mean reversion for the short part and low volatility for the long part, concentrating on the book’s sensitivity in the longest part of the curve. The following table reconciles assets and liabilities measured at fair value on a recurring basis as of December 31, 2018 and 2017. As of December 31, 2018 Level 3 reconciliation Opening Gain (loss) Gain (loss) Purchases, Transfers from level 2 Ending MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ ASSETS Financial derivative contracts 30,528 5,863 — (9,235 ) — 27,156 Forwards 53 716 — (151 ) — 618 Swaps 30,475 5,147 — (9,084 ) — 26,538 Call options — — — — — — Put options — — — — — — Totals 30,528 5,863 — (9,235 ) — 27,156 LIABILITIES Financial derivative contracts 605 1,223 — (1,259 ) — 569 Forwards — 831 — (782 ) — 49 Swaps 605 392 — (477 ) — 520 Call options — — — — — Put options — — — — — Totals 605 1,223 — (1,259 ) — 569 As of December 31, 2017 Level 3 reconciliation Opening Gain (loss) Gain (loss) Purchases, Transfers from Ending MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ ASSETS Financial derivative contracts 41,124 4,849 — (15,445 ) — 30,528 Forwards — 209 — (156 ) — 53 Swaps 41,124 4,640 — (15,289 ) — 30,475 Call options — — — — — — Put options — — — — — — Totals 41,124 4,849 — (15,445 ) — 30,528 LIABILITIES Financial derivative contracts 1,340 (325 ) — (410 ) — 605 Forwards 609 (465 ) — (144 ) — — Swaps 731 140 — (266 ) — 605 Call options — — — — — Put options — — — — — Totals 1,340 (325 ) — (410 ) — 605 f. Hierarchy for remaining assets and liabilities The following table classifies assets and liabilities measured at fair value on a non-recurring As of December 31, 2018 Measurement at fair value of items on a non-recurring Estimated fair Market value of the Other observable Non-observable significant inputs (Level 3) MCh$ MCh$ MCh$ MCh$ ASSETS Cash and deposits in banks 987,680 987,680 — — Cash items in process of collection 318,658 318,658 — — Loans and accounts receivable at amortized cost 20,827,852 — — 20,827,852 Financial instruments at amortized cost 199,561 — 199,561 — Investments under resale agreements 109,467 109,467 — — Interbank loans, net 341,244 341,244 — — Totals 22,784,462 1,757,049 199,561 20,827,852 LIABILITIES Deposits and other demand liabilities 4,300,475 4,300,475 — — Cash in process of being cleared 247,165 247,165 — — Obligations under repurchase agreements 1,015,614 1,015,614 — — Time deposits and other time liabilities 10,135,722 10,135,722 — Borrowings from financial institutions 2,335,509 2,335,509 — — Debt instruments issued 6,311,527 6,311,527 — Other financial obligations 12,400 12,400 — — Totals 24,358,412 7,911,163 16,447,249 — As of December 31, 2017 Measurement at fair value of items on a non-recurring Estimated fair Market value of the Other observable Non-observable (Level 3) MCh$ MCh$ MCh$ MCh$ ASSETS Cash and deposits in banks 964,030 964,030 — — Cash items in process of collection 157,017 157,017 — — Investments under resale agreements 28,524 28,524 — — Interbank loans, net 70,077 70,077 — — Loans and accounts receivable from customers, net 19,893,448 — — 19,893,448 Held to maturity investments 201,283 — 201,283 — Totals 21,314,379 1,219,648 201,283 19,893,448 LIABILITIES Deposits and other demand liabilities 4,141,667 4,141,667 — — Cash in process of being cleared 109,496 109,496 — — Obligations under repurchase agreements 420,920 420,920 — — Time deposits and other time liabilities 10,099,251 — 10,099,251 — Borrowings from financial institutions 2,216,507 2,216,507 — — Debt instruments issued 6,185,043 — 6,185,043 — Other financial obligations 17,066 17,066 — — Totals 23,189,950 6,905,656 16,284,294 — |
Risk management
Risk management | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Risk management | The Bank and its subsidiaries, through their activity, are exposed to several types of risk mainly related to loans portfolio and financial instruments. Risk management policies are established in order to identify and analyze the risks faced by the Bank, set limits and adequate controls, monitor risks and comply with limits. The risk management policies and risk administration structures are reviewed periodically in order to reflect changes in the institution’s activities. The Bank, through its rules and procedures, intends to develop an appropriate control environment, in which all employees understand their roles and responsibilities. The following is a description of the main business activities and policies of the Bank in terms of risk management. Risk Management Structure: Board of Directors At the Bank and its Subsidiaries, the Board of Directors plays a leading role in corporate governance. It is responsible for establishing and monitoring the Bank’s risk management structure, for which it has a corporate governance system aligned with international best practices and Chilean regulations, mainly from the SBIF. One of the principal functions of the Board of Directors is to ensure that measures are in place to monitor, evaluate and guide senior management to ensure that their actions are in line with best practices and defined risk appetite levels. To accomplish this, a governance structure made up of various committees has been created. These committees lay out behavioral guidelines for the Bank’s associates and assist them in carrying out their functions related to controlling and managing the Bank’s risks. Audit Committee The Audit Committee’s objective is to monitor the Bank’s internal control systems and its compliance with regulations and other internal standards. It is also responsible for the oversight of the different aspects of maintenance, application and functioning of the Bank’s internal controls, monitoring compliance with standards and procedures regulating its practices, and having an understanding of the risks that can arise from the business conducted by the Bank. The committee is linked to the Board of Directors through the participation of at least two board members named by the Board itself. These members must report to the Board situations and events analyzed by the Committee, thus holding the Bank’s board members responsible for complying with both self-control policies established and practiced by the entity as well as laws and regulations to which it is subject. The Audit Committee must reinforce and support Internal Audit function including its independence from management and serve, at the same time, as a link between the internal audit department and the independent auditors as well as between these two Banks and the Board of Directors. Directors’ Committee The Directors’ Committee’s objective is to strengthen the self-regulation of the Bank and other entities under its control, making the Board’s work more efficient through increased oversight of management’s activities. Likewise, responsible for making the agreements necessary to protect shareholders, especially minority shareholders, examining executive compensation systems and analyzing and issuing a report on the transactions referenced in title XVI of Law 18,046. A copy of this report is sent to the Board, which must read the report and approve or reject each respective transaction. In its role as overseer of corporate activity, the committee must inform the market of any violations or major corporate events as well as transactions that the company carries out with related parties of the controlling shareholder or takeovers of any form. Corporate Governance Committee For the purposes of this committee, which is aware of how difficult it is to bring together all aspects of good corporate governance under one definition, corporate governance shall be defined as the set of bodies and institutional practices that impact a company’s decision making process, contributing to sustainable value creation in a framework of transparency, proper management, risk control and corporate responsibility towards the market. Therefore, appropriate corporate governance in a Bank must align organizational incentives and promote the rights of shareholders and other direct or indirect stakeholders. The Corporate Governance Committee is a consultation body of the Board of Directors whose mission is to ensure the existence and development within the Bank of the best corporate governance practices for financial entities. To this end, it will evaluate the current practices and policies, propose and make recommendations to the Board of Directors on improvements, reforms and adjustments that it deems appropriate and work to ensure proper implementation and application of these corporate governance practices and policies defined by the Board of Directors. Asset-Liability Committee (ALCO) After the Board and its specialized committees, the Asset-Liability Committee (hereinafter also “ALCO”) is the next highest body involved in managing the institution’s financial policies. The committee’s main purpose is to comply with the financial guidelines set by the Board of Directors. In this spirit, it must approve and monitor the financial strategies that guide the Bank with respect to the composition of its assets and liabilities, cash inflows and outflows and transactions with financial instruments. It will consider the diverse alternatives available to make decisions that ensure the highest and most sustainable returns with financial risk levels that are compatible with the business, current regulations and internal standards.| Anti-Money Laundering and Anti-Terrorism Finance Prevention Committee This committee’s main purpose is to plan and coordinate activities to comply with policies and procedures to prevent asset laundering, terrorism financing and bribery, to maintain itself informed of the work carried out by the Compliance Officer, who has also been designated as the head of prevention in conformity with Law No. 20,393, as well as to adopt agreements to improve prevention and control measures proposed by the Compliance Officer. Operational Risk Committee This committee’s objective is to evaluate the status of critical processes that are directly related to the Bank’s Operational Risk and Internal Controls, in accordance with current Superintendency of Banks and Financial Institutions standards in order to improve any weaknesses that the Bank may present and ensure proper implementation of regulatory changes. It is also responsible for attaining critical processes under an internal control environment that enables the Bank to operate stably and consistently, thus procuring desired levels of reliability, integrity and availability for information resources. Compliance Committee The Compliance Committee’s main purpose is to define, promote and ensure that the conduct of all Itaú Corpbanca employees meets the highest possible standards of personal and professional excellence. Employee conduct should, at all times, be guided by the principles and values that embody our organization’s spirit, philosophy and good business practices. It is also responsible for ensuring that the Regulatory Compliance Model is properly applied in accordance with definitions set by this committee, and for maintaining itself informed of the work carried out by the Compliance Officer on such matters, as well as adopting agreements to improve control measures proposed by the Compliance Officer. Committee on Risk Methodologies The objective of the Risk Methodologies Committee is to ensure the quality of all methodologies for estimating the Bank’s provisions for all business areas. This Committee - which exercises its functions with respect to the Bank, its Divisions and Subsidiaries - deals with certain corporate aspects such as policies, manuals and procedures related to the methodologies of Bank provisions, as well as the statistical models of admission, behavior and provisions. Its main members are: Corporate Risk Manager, Risk Control Manager, Retail Credit Manager, Financial Risk Manager, Responsible for Monitoring and Control of Retail and Responsible for Risk Models. Portfolio Committee The objective of the Portfolio Committee is to monitor the evolution of the Bank’s wholesale and retail portfolios in terms of their risk-return ratio, their adjustment to the defined risk appetite and the progress made in materializing short-term strategies or instructions. Also, long term that this committee has defined. As a result, it considers in its analysis the competition, the movements of its most relevant actors and the main risks that affect the management of the portfolios, as well as the projects that have an impact on the matter. Its main members are: General Manager, Corporate Risk Manager, Risk Control Manager, Wholesale Credit Manager, Wholesale Banking Manager, Retail Credit Manager, Retail Banking Manager, Financial Planning and Control Manager and Product Manager and Marketing Internal Audit The main function of Internal Audit is to support the Board of Directors and senior management to independently asses the maintenance, application and proper functioning of the Bank’s internal control system, which also entails supervising compliance with rules and procedures. Code of Conduct and Market Information Manual The objective is to continue progressing to become the best Bank and have first-rate human capital. All associates, directors and Subsidiaries must adhere to ethical standards based on principles and values designed to guide and maintain the highest possible standards. In response to our clients’ trust and recognition, which are vital to our success, all associates and directors should strive to retain this trust, strictly complying with the General Code of Conduct. Main Risks and Requirements Affecting the Bank and its Subsidiaries: Credit risk Credit risk is the risk that a customer or counterparty will default on its contractual obligations resulting in financial loss to the Bank. The Bank’s main income generating activity is lending to customers and therefore credit risk is a principal risk. Credit risk mainly arises from loans and advances to customers and other Banks (including related commitments to lend such as loan or credit card facilities), investments in debt securities and derivatives that are an asset position. The Bank considers all elements of credit risk exposure such as counterparty default risk, geographical risk and sector risk for risk management purposes. Credit risk management The Bank’s credit committee is responsible for managing the Bank’s credit risk by: • Ensuring that the Bank has appropriate credit risk practices, including an effective system of internal control, to consistently determine adequate allowances in accordance with the Bank’s stated policies and procedures, IFRS and relevant supervisory guidance. • Identifying, assessing and measuring credit risk across the Bank, from an individual instrument to a portfolio level. • Creating credit policies to protect the Bank against the identified risks including the requirements to obtain collateral from borrowers, to perform robust ongoing credit assessment of borrowers and to continually monitor exposures against internal risk limits. • Limiting concentrations of exposure by type of asset, counterparties, industry, credit rating, geographic location etc. • Establishing a robust control framework regarding the authorization structure for the approval and renewal of credit facilities. • Developing and maintaining the Bank’s risk grading to categorize exposures according to the degree of risk of default. Risk grades are subject to regular reviews. • Developing and maintaining the Bank’s processes for measuring ECL including monitoring of credit risk, incorporation of forward looking information and the method used to measure ECL. • Ensuring that the Bank has policies and procedures in place to appropriately maintain and validate models used to assess and measure ECL. • Establishing a sound credit risk accounting assessment and measurement process that provides it with a strong basis for common systems, tools and data to assess credit risk and to account for ECL. Providing advice, guidance and specialist skills to business units to promote best practice throughout the Bank in the management of credit risk. The internal audit function performs regular audits making sure that the established controls and procedures are adequately designed and implemented. Significant increase in credit risk The Bank analyzes all data collected using statistical models and estimates the remaining lifetime PD of exposures and how these are expected to change over time. The factors taken into account in this process include macro-economic data such as GDP growth, unemployment, benchmark interest rates and house prices. The Bank generates a ‘base case’ scenario of the future direction of relevant economic variables as well as a representative range of other possible forecast scenarios. The Bank then uses these forecasts, which are probability-weighted, to adjust its estimates of PDs. Under the Bank’s monitoring procedures a significant increase in credit risk is identified before the exposure has defaulted, and at the latest when the exposure becomes 30 days past due, unless the Bank has reasonable and supportable information that demonstrates otherwise. The Bank uses different criteria to determine whether credit risk has increased significantly per portfolio of assets. The criteria used are both quantitative changes in PDs as well as qualitative. The table below summarizes per type of asset the range above which an increase in lifetime PD is determined to be significant, as well as some indicative qualitative indicators assessed. Criteria used for Chile Type of portfolio Debtor category PD ranges per % of in lifetime Stages Days of arrears to the end of the month A1 A2 0.04 – 0.25% 0.13% Stage 1 Up to 29 days A3 A4 2.00% 1.62% A5 (*) 4.75 – 10% 3.52% Stage 2 From 30 to 89 days A6 B1 B2 15 -45% 23.05% Corporate B3 B4 C1 C2 C3 100% 100% Stage 3 90 days or more C4 C5 C6 (*) Loans originated in A5 are considered Stage 1 at inception. Loans that were originated in a higher category and subsequently downgraded to A5 are considered Stage 2. Type of portfolio Stages Days of arrears to the end of the month Probability of default (PD) and Stage 1 Up to 29 days Difference between Referential Group Stage 2 From 30 to 89 days Difference between Referential Stage 3 90 days or more Restructured loans with 60 days in The quantitative criteria is used to identify where an exposure has increased in credit risk and it is applied based on whether an increase in the lifetime PD since the recognition date exceeds the threshold set in absolute and relative terms. The following formulas are used to determine such thresholds: Relative comparison formula Threshold = Lifetime PD (at reporting date) Lifetime PD (at origination) Absolute comparison formula Threshold = Lifetime PD (at reporting date) – Lifetime PD (at origination) Criteria used for Colombia % of absolute increase in lifetime PD % of relative increase in lifetime PD Qualitative indicators assessed Corporate portfolio Without information 34.39 % 86.90 % Small company 22.26 % 1314.07 % Small company 33.91 % 1326.89 % Medium company 22.53 % 64.23 % • Debt restructuring Medium company 25.67 % 1203.61 % • Increase in credit risk of other financial instruments Large company 10.28 % 99.15 % Low default 0.46 % 0.48 % Low default (Government and Financial) 0.00 % 324.00 % Group portfolio Leasing 33.23 % 82.04 % Payroll deductible loan 2.79 % 77.14 % Revolving line of credit 35.22 % 85.65 % Overdraft limit 0.70 % 241.11 % Credit card 29.44 % 175.32 % Mortgage loan 2.55 % 151.19 % Personal debt restructuring 44.04 % 101.64 % • Increase in credit risk of other financial instruments Other loans 26.53 % 174.02 % Loan commitments are assessed along with the category of loan the Bank is committed to provide, i.e. commitments to provide mortgages are assessed using similar criteria to mortgage loans, while commitments to provide a corporate loan are assessed using similar criteria to corporate loans. The Bank has monitoring procedures in place to make sure that the criteria used to identify significant increases in credit are effective, meaning that significant increase in credit risk is identified before the exposure is defaulted or when the asset becomes 30 days past due. The Bank performs periodic back-testing of its ratings to consider whether the drivers of credit risk that led to default were accurately reflected in the rating in a timely manner. Incorporation of forward-looking information The Bank uses forward-looking information that is available without undue cost or effort in its assessment of significant increase of credit risk as well as in its measurement of ECL. The Bank employs experts who use external and internal information to generate a ‘base case’ scenario of future forecast of relevant economic variables along with a representative range of other possible forecast scenarios. The external information used includes economic data and forecasts published by governmental bodies and monetary authorities. The Bank applies probabilities to the forecast scenarios identified. The base case scenario is the single most-likely outcome and consists of information used by the Bank for strategic planning and budgeting. The Bank has identified and documented key drivers of credit risk and credit losses for each portfolio of financial instruments and, using a statistical analysis of historical data, has estimated relationships between macro-economic variables and credit risk and credit losses. The Bank has not made changes in the estimation techniques or significant assumptions made during the reporting period. The table below summarizes the principal macroeconomic indicators included in the economic scenarios used as of December 31, 2018 until December 31, 2023 in the countries where the Bank and its subsidiaries operate and therefore are the countries that have a material impact on ECLs. Criteria for Chile Indicators Portfolio 2019 2020 2021 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Unemployment rate Base scenario 7.16 % 7.42 % 7.13 % 6.86 % 7.15 % 7.43 % 7.16 % 6.91 % 7.21 % 7.49 % 7.21 % 6.96 % Range of upside scenarios 7.20 % 7.53 % 7.28 % 7.04 % 7.33 % 7.59 % 7.30 % 7.02 % 7.29 % 7.54 % 7.23 % 6.94 % Range of downside scenarios 7.12 % 7.32 % 6.98 % 6.69 % 6.98 % 7.26 % 7.02 % 6.80 % 7.13 % 7.43 % 7.20 % 6.98 % Consumer’s price index (IPC) Base scenario 108.52 109.33 110.24 110.93 112.05 112.66 113.48 114.23 115.41 116.01 116.86 117.63 Range of upside scenarios 108.56 109.47 110.51 111.17 112.29 112.83 113.72 114.43 115.59 116.16 117.09 117.84 Range of downside scenarios 108.48 109.19 109.96 110.68 111.81 112.48 113.23 114.02 115.23 115.87 116.62 117.43 Interbank interest rate Base scenario 3.00 % 3.25 % 3.50 % 3.75 % 4.00 % 4.50 % 4.50 % 4.50 % 4.50 % 4.50 % 4.50 % 4.50 % Range of upside scenarios 3.75 % 4.50 % 5.00 % 5.25 % 5.50 % 6.25 % 6.00 % 5.50 % 5.00 % 4.50 % 4.50 % 4.50 % Range of downside scenarios 2.25 % 2.00 % 2.00 % 2.25 % 2.50 % 2.75 % 3.00 % 3.50 % 4.00 % 4.50 % 4.50 % 4.50 % Copper Base scenario 2.78 2.81 2.83 2.86 2.87 2.88 2.88 2.89 2.90 2.91 2.92 2.93 Range of upside scenarios 2.58 2.40 2.22 2.10 2.68 2.88 2.88 2.89 2.90 2.91 2.92 2.93 Range of downside scenarios 2.99 3.22 3.45 3.61 3.06 2.88 2.88 2.89 2.90 2.91 2.92 2.93 Criteria for Colombia As of December 31, 2019 2020 2021 GDP growth Base scenario 3.11 2.66 2.63 Range of upside scenarios 4.33 4.20 4.25 Range of downside scenarios 3.72 3.43 3.44 Unemployment rates Base scenario 9.84 9.84 9.84 Range of upside scenarios 9.50 9.40 9.34 Range of downside scenarios 10.21 10.29 10.35 Benchmark interest rates Base scenario 4.75 4.75 4.75 Range of upside scenarios 5.75 5.75 5.75 Range of downside scenarios 3.75 3.75 3.75 currency exchange rate Base scenario 3,180 3,180 3,150 Range of upside scenarios 3,104 3,071 3,025 Range of downside scenarios 3,256 3,289 3,335 Consumer’s Price Index Base scenario 3.40 3.00 3.00 Range of upside scenarios 3.95 3.91 4.27 Range of downside scenarios 2.74 1.86 1.38 Predicted relationships between the key indicators and default and loss rates on various portfolios of financial assets have been developed based on analyzing historical data over the past 3 years. Sensitivity analysis The most significant assumptions affecting the ECL allowance, as indicated in the tables above by country, are as follows: Chile: • Unemployment rate, given its impact on secured and unsecure borrowers’ ability to meet their contractual repayments. • Consumer’s Price Index (IPC), given its impact on housing prices, mortgage collateral valuations, and consumers acquisition power • Interbank interest rate, given its impact on companies’ likelihood of default • Cooper, given its impact on the Chilean economy as a whole Colombia: - GDP growth, given the significant impact on companies’ performance and collateral valuations - Unemployment rates, given its impact on secured and unsecure borrowers’ ability to meet their contractual repayments. - Interest rate, given its impact on companies’ likelihood of default - Exchange rates, given its impact on companies’ financial position and debt - Consumer’s Price Index (IPC), given its impact on housing prices and consumers acquisition power Set out below are the changes to ECL as of December 31, 2018 that would result from reasonably possible changes in these parameters from the actual assumptions used in the Bank’s economic variable assumptions as set forth in the tables above for Base scenarios, upside scenarios, and downside scenarios. ECL coverage of loans and accounts receivable at amortized cost subject to significant measurement Chile Colombia MCh$ MCh$ Reported ECL 502,943 279,770 Loans and accounts receivable at amortized cost 16,783,609 4,698,881 Reported Coverage (Reported ECL/ loans and accounts receivable at amortized cost) % 3.00 5.95 Consensus upside scenario (Upside scenario for ECL/ loans and accounts receivable at amortized cost) % 2.94 6.03 Consensus central scenario (Base scenario for ECL/ loans and accounts receivable at amortized cost) % 3.00 5.95 Consensus downside scenario (Downside scenario for ECL/ loans and accounts receivable at amortized cost) % 3.04 5.84 ECL coverage rates reflect the underlying observed credit defaults, the sensitivity to economic environment, extent of collateral and the effective maturity of the book. Measurement of ECL The key inputs used for measuring ECL are: - probability of default (PD); - loss given default (LGD); and - exposure at default (EAD). As explained above these figures are generally derived from internally developed statistical models and other historical data and they are adjusted to reflect probability-weighted forward-looking information. PD is an estimate of the likelihood of default over a given time horizon. It is estimated as at a point in time. The calculation is based on statistical rating models, and assessed using rating tools tailored to the various categories of counterparties and exposures. These statistical models are based on market data (where available), as well as internal data comprising both quantitative and qualitative factors. PDs are estimated considering the contractual maturities of exposures and estimated prepayment rates. The estimation is based on current conditions, adjusted to take into account estimates of future conditions that will impact PD. LGD is an estimate of the loss arising on default. It is based on the difference between the contractual cash flows due and those that the lender would expect to receive, taking into account cash flows from any collateral. The LGD models for secured assets consider forecasts of future collateral valuation taking into account sale discounts, time to realization of collateral, cross-collateralization and seniority of claim, cost of realization of collateral and cure rates (i.e. exit from non-performing EAD is an estimate of the exposure at a future default date, taking into account expected changes in the exposure after the reporting date, including repayments of principal and interest, and expected drawdowns on committed facilities. The Bank’s modelling approach for EAD reflects expected changes in the balance outstanding over the lifetime of the loan exposure that are permitted by the current contractual terms, such as amortization profiles, early repayment or overpayment, changes in utilization of undrawn commitments and credit mitigation actions taken before default. The Bank uses EAD models that reflect the characteristics of the portfolios. The Bank measures ECL considering the risk of default over the maximum contractual period (including extension options) over which the entity is exposed to credit risk and not a longer period, even if contact extension or renewal is common business practice. However, for financial instruments such as credit cards, revolving credit facilities and overdraft facilities that include both a loan and an undrawn commitment component, the Bank’s contractual ability to demand repayment and cancel the undrawn commitment does not limit the Bank’s exposure to credit losses to the contractual notice period. For such financial instruments the Bank measures ECL over the period that it is exposed to credit risk and ECL would not be mitigated by credit risk management actions, even if that period extends beyond the maximum contractual period. These financial instruments do not have a fixed term or repayment structure and have a short contractual cancellation period. However, the Bank does not enforce in the normal day-to-day The measurement of ECL is based on probability weighted average credit loss. As a result, the measurement of the loss allowance should be the same regardless of whether it is measured on an individual basis or a collective basis (although measurement on a collective basis is more practical for large portfolios of items). In relation to the assessment of whether there has been a significant increase in credit risk it can be necessary to perform the assessment on a collective basis as noted below. Credit quality A detail by credit quality, which includes loans and accounts receivable from customers and interbank loans, under IFRS 9 as of December 31, 2018 and under IAS 39 as of December 31, 2017, is summarized as follows: As of December 31, 2018 Corporate Stage 1 Stage 2 Stage 3 Totals Percentage Stage 1 Stage 2 Stage 3 Totals Percentage MCh$ MCh$ MCh$ MCh$ % MCh$ MCh$ MCh$ MCh$ % A1 115,422 — — 115,422 0.53 % 899 — — 899 0.12 % A2 681,792 — — 681,792 3.12 % 1,477 — — 1,477 0.19 % A3 3,033,770 — — 3,033,770 13.90 % 5,901 — — 5,901 0.77 % A4 4,007,691 — — 4,007,691 18.36 % 37,650 — — 37,650 4.90 % A5 2,727,643 — — 2,727,643 12.50 % 96,956 — — 96,956 12.61 % A6 — 837,283 — 837,283 3.84 % — 14,829 — 14,829 1.93 % B1 — 377,954 — 377,954 1.73 % — 10,116 — 10,116 1.32 % B2 — 104,513 — 104,513 0.48 % — 5,479 — 5,479 0.71 % B3 — 84,197 — 84,197 0.39 % — 8,830 — 8,830 1.15 % B4 — 297,570 — 297,570 1.36 % — 37,422 — 37,422 4.87 % C1 — — 137,216 137,216 0.63 % — — 2,344 2,344 0.30 % C2 — — 79,134 79,134 0.36 % — — 6,758 6,758 0.88 % C3 — — 34,263 34,263 0.16 % — — 7,317 7,317 0.95 % C4 — — 62,242 62,242 0.29 % — — 21,265 21,265 2.77 % C5 — — 63,181 63,181 0.29 % — — 47,576 47,576 6.19 % C6 — — 127,874 127,874 0.59 % — — 84,475 84,475 11.00 % Subtotals corporate 10,566,318 1,701,517 503,910 12,771,745 58.53 % 142,883 76,676 169,735 389,294 50.66 % As of December 31, 2018 Group Stage 1 Stage 2 Stage 3 Total group Percentage Stage 1 Stage 2 Stage 3 Totals Percentage MCh$ MCh$ MCh$ MCh$ % MCh$ MCh$ MCh$ MCh$ % Commercial loans 1,710,659 95,045 131,158 1,936,862 8.87 % 39,864 20,622 35,390 95,876 12.47 % Mortgage loans 3,626,811 659,119 159,897 4,445,827 20.37 % 5,756 37,800 22,561 66,117 8.60 % Consumer loans 2,135,693 444,058 90,012 2,669,763 12.23 % 70,765 84,842 61,689 217,296 28.27 % Subtotals group 7,473,163 1,198,222 381,067 9,052,452 41.47 % 116,385 143,264 119,640 379,289 49.34 % Totals portfolio 18,039,481 2,899,739 884,977 21,824,197 100 % 259,268 219,940 289,375 768,583 100 % As of December 31, 2017 Categories Individual % over total portfolio Allowances Cover range ratio MCh$ % MCh$ % A1 65,511 0.32 % 21 0.03 % A2 248,736 1.22 % 273 0.11 % A3 2,950,482 14.43 % 2,285 0.08 % A4 3,861,377 18.88 % 22,819 0.59 % A5 2,926,634 14.31 % 52,874 1.81 % A6 683,049 3.33 % 16,509 2.42 % Normal portfolio 10,735,789 52.49 % 94,781 0.88 % B1 205,536 1.00 % 6,087 2.96 % B2 120,640 0.59 % 2,315 1.92 % Impaired 779,828 3.81 % 195,177 25.03 % Non-compliant 1,106,004 5.40 % 203,579 18.41 % Subtotals 11,841,793 57.89 % 298,360 2.52 % As of December 31, 2017 Categories Group % over total portfolio Allowance Cover range ratio MCh$ % MCh$ % Normal risk portfolio 1,751,232 8.56 % 57,057 3.26 % Non-compliant 193,806 0.95 % 91,705 47.32 % Commercial loans 1,945,038 9.51 % 148,762 7.65 % Normal risk portfolio 3,975,744 19.44 % 22,730 0.57 % Non-compliant 177,009 0.87 % 12,289 6.94 % Mortgage loans 4,152,753 20.31 % 35,019 0.84 % Normal risk portfolio 2,396,246 11.72 % 93,255 3.89 % Non-compliant 117,060 0.57 % 43,339 37.02 % Consumer loans 2,513,306 12.29 % 136,594 5.43 % Subtotals 8,611,097 42.11 % 320,375 3.72 % Totals 20,452,890 100 % 618,735 3.03 % The table below provides an analysis of the gross carrying amount of loans and advances to customers by past due status under IFRS 9: As of December 31, 2018 Current Less than 30 Between 30 More than 90 Totals Total overdue MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Interbank loans 341,707 — — — 341,707 — Loans and accounts receivable from customers Commercial loans 13,683,048 251,596 117,386 314,870 14,366,900 683,852 Mortgage loans 4,181,849 108,783 64,088 91,107 4,445,827 263,978 Consumer loans 2,493,765 69,412 59,616 46,970 2,669,763 175,998 Totals 20,700,369 429,791 241,090 452,947 21,824,197 1,123,828 The table below provides an analysis of the gross carrying amount of loans and advances to customers by overdue status under IAS 39: As of December 31, 2017 Current Less than 30 Between 30 More than 90 Totals Total overdue MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Interbank loans 70,285 — — — 70,285 — Loans and accounts receivable from customers Commercial loans 13,526,944 211,535 143,063 319,377 14,200,919 673,975 Mortgage loans 3,893,786 115,688 61,890 93,786 4,165,150 271,364 Consumer loans 2,521,397 68,955 52,854 48,852 2,692,058 170,661 Totals 20,012,412 396,178 257,807 462,015 21,128,412 1,116,000 An analysis for the movement of the allowance for losses during the year by individual and group portfolio is included in Note 10, letter c. Maximum Exposure to Credit Risk The following table shows the Bank’s maximum credit risk exposure by financial asset as of December 31, 2018, 2017, 2016 for different balance sheet items, including derivatives, without deducting real guarantees or other credit enhancements received: Maximum Exposure as of December 31, 2018 Balance sheet asset Off-balance Collateral Net exposure Notes Gross Allowances Net amounts Gross Allowances Net Cash Non-cash MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Financial instruments at fair value through other comprehensive income 11 2,657,154 — 2,657,154 — — — 2,657,154 Loans and accounts receivable at amortized cost 10 21,482,490 768,120 20,714,370 5,383,914 45,848 5,338,066 — 13,143,140 12,909,296 Commercial loans 14,366,900 484,707 13,882,193 5,383,914 45,848 5,338,066 — 5,527,419 13,692,840 Mortgage loans 4,445,827 66,117 4,379,710 — — — — 7,257,682 (2,877,972 ) Consumer loans 2,669,763 217,296 2,452,467 — — — — 358,039 2,094,428 Financial instruments at amortized cost 11 198,923 — 198,923 — — — — — 198,923 Investments under resale agreements 7 109,467 — 109,467 — — — — 109,467 — Financial derivative contracts 8 1,368,957 — 1,368,957 — — — 91,223 — 1,277,734 Interbank loans, net 9 341,707 463 341,244 — — — — — 341,244 Other assets 15 467,806 — 467,806 — — — — — 467,806 Totals 26,626,504 768,583 25,857,921 5,383,914 45,848 5,338,066 91,223 13,252,607 17,852,157 Maximum Exposure as of December 31, Notes 2017 MCh$ Investments under resale agreements 7 28,524 Financial derivative contracts 8 1,248,775 Interbank loans, net 9 70,077 Loans and accounts receivable from customers, net 10 19,764,078 Available for sale instruments 11 2,663,478 Held to maturity investments 11 202,030 Other assets 15 429,025 Totals 24,405,987 A summary for the allowances for loan losses |
Maturity of assets and liabilit
Maturity of assets and liabilities | 12 Months Ended |
Dec. 31, 2018 | |
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Maturity of assets and liabilities | The main assets Banked by maturity, including interest accrued as of December 31, 2018 and 2017, are detailed as follows: As of December 31, 2018 Up to 1 Between 1 Between 3 Between 1 Between 3 Over 6 Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Assets Financial instruments at fair value through profit or loss 46,266 470 19,002 22,027 4,573 4,605 96,943 Financial instruments at fair value through other comprehensive income 151,521 103,048 582,899 1,314,188 330,485 175,013 2,657,154 Loans and accounts receivable from customers at amortized cost (**) 1,595,651 2,343,263 2,115,285 2,322,459 3,464,140 9,641,692 21,482,490 Commercial loans 1,391,707 1,876,174 2,023,542 1,734,720 2,238,373 5,102,384 14,366,900 Mortgages loans 2,544 1,021 3,876 18,192 103,965 4,316,229 4,445,827 Consumer loans 201,400 466,068 87,867 569,547 1,121,802 223,079 2,669,763 Financial instruments at amortized cost 27,012 18,238 153,673 — — — 198,923 Investments under resale agreements 109,467 — — — — — 109,467 Financial derivative contracts 120,361 102,992 178,826 263,595 279,427 423,756 1,368,957 Interbank loans (*) 65,398 16,685 17,437 242,187 — — 341,707 Liabilities Investments under resale agreements 1,015,614 — — — — — 1,015,614 Deposits and other demand liabilities 3,624,335 2,311,111 2,910,851 762,998 102,155 409,661 10,121,111 Financial derivative contracts 128,367 95,019 161,214 200,052 248,765 279,389 1,112,806 Interbank borrowings 231,419 446,436 1,151,959 337,465 100,455 59,989 2,327,723 Debt instruments issued 2,449 23,261 668,648 868,994 1,125,037 3,321,735 6,010,124 (*) Interbank loans are presented gross. The amount of allowances corresponds to MCh$463. (**) Loans and accounts receivable from customers at amortized cost are presented gross. Allowances by loan type are detailed as follows: Commercial MCh$484,707, Mortgage MCh$66,117 and Consumer MCh$217,296. As of December 31, 2017 Up to 1 Between 1 Between 3 Between 1 Between 3 Over 6 Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Assets Trading investments 18,941 298 170,098 189,735 9,365 26,624 415,061 Investments under agreements to resell 27,923 601 — — — — 28,524 Derivative financial instruments 112,249 102,009 199,966 260,818 284,247 289,486 1,248,775 Interbank loans (*) 43,096 — 16,621 10,568 — — 70,285 Loans and accounts receivable (**) 1,531,883 1,649,448 2,689,484 4,174,173 2,952,407 7,385,210 20,382,605 Commercial loans 1,226,214 1,494,950 2,513,004 2,410,168 1,917,111 4,155,099 13,716,546 Mortgages loans 35,428 66,596 98,292 649,867 446,737 2,855,833 4,152,753 Consumer loans 270,241 87,902 78,188 1,114,138 588,559 374,278 2,513,306 Available for sale instruments 86,201 155,376 408,093 790,503 805,892 417,413 2,663,478 Held to maturity investments 55,554 6,171 113,445 23,466 430 2,964 202,030 Liabilities Investments under repurchase agreements 420,320 600 — — — — 420,920 Deposits and other demand liabilities 2,957,278 1,858,394 3,936,827 793,684 118,388 372,262 10,036,833 Financial derivative contracts 144,639 90,445 172,606 250,792 241,810 194,862 1,095,154 Interbank borrowings 163,031 238,151 1,074,406 529,171 104,443 86,928 2,196,130 Debt instruments issued 3,064 46,514 625,287 1,209,242 812,979 3,252,952 5,950,038 (*) Interbank loans are presented gross. The amount of allowances corresponds to MCh$208 (**) Loans and accounts receivable are presented gross. Allowances by loan type are detailed as follows: Commercial MCh$446,914, Mortgage MCh$35,019 and Consumer MCh$136,594. |
Foreign currency position
Foreign currency position | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Foreign currency position | In the Consolidated Statements of Financial Position as of December 31, 2018 and 2017, assets and liabilities are included in local and foreign currency, as well as adjustable by the variation of the exchange rate, for the amounts indicated below: As of December 31, 2018 Note CLP (*) UF USD COP EUR Others Readjustment Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Cash and deposits in banks 5a ) 223,099 — 449,437 299,458 15,686 — — 987,680 Cash items in process of collection 5b ) 195,640 — 119,725 226 2,861 206 — 318,658 Financial instruments at fair value through profit or loss 6 54,162 — — 42,781 — — — 96,943 Financial instruments at fair value through other comprehensive income 11 835,543 680,505 78,908 1,062,198 — — — 2,657,154 Loans and accounts receivable at amortized cost 10 5,571,537 7,785,104 3,208,848 4,120,535 19,391 13 8,942 20,714,370 Financial instruments at amortized cost 11 — — 122,391 76,532 — — — 198,923 Investments under resale agreements 7 91,510 — — 17,957 — — — 109,467 Financial derivative contracts 8 972,693 66,989 226,561 102,709 5 — — 1,368,957 Interbank loans, net 9 239,963 — 70,823 30,458 — — — 341,244 Intangible assets 12 1,389,518 — 1,308 180,138 — — — 1,570,964 Property, plant, and equipment 13 77,639 — 846 17,079 — — — 95,564 Current taxes 14 68,094 — 2,887 52,148 — — — 123,129 Deferred taxes 14 130,883 — 20,311 27,492 — — — 178,686 Other assets 15 200,164 7,787 164,724 121,619 7,467 36 — 501,797 Other non-current 16 59,802 — — — — — 59,802 TOTAL ASSETS 10,110,247 8,540,385 4,466,769 6,151,330 45,410 255 8,942 29,323,338 Deposits and other demand liabilities 16 2,058,537 4,214 444,668 1,785,581 7,418 57 — 4,300,475 Cash in process of being cleared 5b ) 133,926 — 112,284 — 796 159 — 247,165 Obligations under repurchase agreements 7 363,789 — 6,834 644,991 — — — 1,015,614 Time deposits and other time liabilities 16 6,513,874 609,136 1,955,631 1,042,445 25 — — 10,121,111 Financial derivative contracts 8 773,186 83,339 178,869 76,207 1,205 — — 1,112,806 Interbank borrowings 17 — 5,863 2,279,817 39,859 2,170 14 — 2,327,723 Debt instruments issued 18 439,805 4,475,832 649,897 444,590 — — — 6,010,124 Other financial liabilities 18 12,390 10 — — — — — 12,400 Current taxes 14 528 — — 663 — — — 1,191 Deferred taxes 14 — — 454 17 — — — 471 Provisions 19 140,925 — — 73,978 — — — 214,903 Other liabilities 20 239,175 133,106 69,900 49,508 2,509 — 27,597 521,795 Liabilities directly associated with non-current 20 — TOTAL LIABILITIES 10,676,135 5,311,500 5,698,354 4,157,839 14,123 230 27,597 25,885,778 Assets (liabilities) net (565,888 ) 3,228,885 (1,231,585 ) 1,993,491 31,287 25 (18,655 ) 3,437,560 (*) Includes transactions denominated in foreign currencies but that are settled in pesos. As of December 31, 2017 Note CLP (*) UF USD COP EUR Others Adjustable Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Cash and deposits in banks 5a ) 221,037 — 377,014 354,751 10,340 888 — 964,030 Cash items in process of collection 5b ) 124,414 — 22,202 1,067 9,286 48 — 157,017 Trading investments 6 25,652 — — 389,409 — — — 415,061 Investments under resale agreements 7 2,074 — 218 26,232 — — — 28,524 Financial derivative contracts 8 967,831 70,174 119,997 90,773 — — — 1,248,775 Interbank loans, net 9 33,928 — 35,287 862 — — — 70,077 Loans and accounts receivable from customers, net 10 5,652,307 7,693,789 2,204,036 4,207,288 — — 6,658 19,764,078 Available for sale instruments 11 914,656 999,540 14,053 725,569 — — 9,660 2,663,478 Held to maturity investments 11 — — 95,652 106,378 — — — 202,030 Intangible assets 12 1,370,857 — 1,422 190,375 — — — 1,562,654 Property, plant, and equipment 13 81,438 — 1,043 48,098 — — — 130,579 Current taxes 14 202,093 — — 36,359 — — — 238,452 Deferred taxes 14 115,800 — 24,885 — — — — 140,685 Other assets 15 239,308 12,843 95,807 80,308 677 82 — 429,025 Other non-current 15 18,308 — — — — — — 18,308 TOTAL ASSETS 9,969,703 8,776,346 2,991,616 6,257,469 20,303 1,018 16,318 28,032,773 Deposits and other demand liabilities 16 1,952,975 7,803 432,253 1,742,508 6,076 52 — 4,141,667 Cash in process of being cleared 5b ) 56,399 — 53,097 — — — — 109,496 Obligations under repurchase agreements 7 44,264 — — 376,656 — — — 420,920 Time deposits and other time liabilities 16 6,034,571 814,336 1,013,235 2,196,671 6,429 — 1 10,065,243 Financial derivative contracts 8 869,263 84,530 82,231 59,130 — — — 1,095,154 Interbank borrowings 17 (1,257 ) 21,958 1,516,717 650,987 2,269 5,456 — 2,196,130 Debt instruments issued 18 1,179,526 3,381,318 923,718 465,476 — — — 5,950,038 Other financial liabilities 18 16,255 — — 811 — — — 17,066 Current taxes 14 624 — — — — — — 624 Deferred taxes 14 52 — — 26,302 — — — 26,354 Provisions 19 26,109 — 25,772 66,008 — — — 117,889 Other liabilities 20 145,599 166,866 86,648 63,675 — — 647 463,435 Liabilities directly associated with non-current 20 — — — — — — — — TOTAL LIABILITIES 10,324,380 4,476,811 4,133,671 5,648,224 14,774 5,508 648 24,604,016 Assets (liabilities) net (354,677 ) 4,299,535 (1,142,055 ) 609,245 5,529 (4,490 ) 15,670 3,428,757 (*) Includes transactions denominated in foreign currencies but that are settled in pesos. |
Subsequent events
Subsequent events | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Subsequent events | SBIF resolution On January 7, 2019, the Bank was informed by Resolution No 101 of January 4, 2019, that the SBIF imposed a penalty fee of MCh$5,985 on the Bank, on the grounds that it had exceeded the limit of credits to the same debtors to which the Bank was obligated to comply with according to articles 84 No. 1, 85 letter a) of the General Law of Banks and Chapter 12-3 On January 14, 2019, the Bank’s Board of Directors, together with its legal advisors, analyzed the aforementioned Resolution, its rationale and implications, as well as the possible courses of action against it, and considered all the aspects involved, both legal and not legal. The Board of Directors agreed, unanimously, to reiterate its full conviction that the Bank acted in accordance with the Law in all the loans operations that were subject to charges, including the one for which the penalty fee was issued; and decided not file a claim against the Resolution. This decision was adopted in the best interest of the Bank and its shareholders, since it was considered that initiating an appeal process would involve various costs to the Bank, even though there are solid grounds to challenge the fine. Instead, the Board of Directors agreed to favor the ordinary course of operations of the Bank, concentrating the attention and resources of Management in the development of its business, and to avoid continuing with this process and its negative implications regarding the distraction of the managerial staff, communicational impact, and loss of focus in the relationship between the Bank and the authority. In accordance with the provisions of the aforementioned Resolution, the fine has been paid in full as of the date of issuance of these Consolidated Financial Statements. The foregoing constitutes a subsequent event that results in adjustment to the Consolidated Financial Statements as of December 31, 2018 in accordance with IAS 10 “ Events after the reporting period Dissolution by absorption of CorpLegal S.A. On January 8, 2019, the Bank requested authorization from the SBIF to proceed with the dissolution of its subsidiary CorpLegal S.A., which will occur as a consequence of the acquisition that Itaú Corpbanca will make of the stock that Itaú Corredores de Bolsa Limitada holds in CorpLegal S.A., both of which are subsidiaries of the Bank, and so all of its shares are held by a single shareholder. By letter dated February 25, 2019, the SBIF authorized the dissolution of the company. After that, in March 2019, the Board approved the dissolution of CorpLegal. As of the date of these Consolidated Financial Statements, the purchase has not yet taken place, therefore the entity has not yet been dissolved. Modification of the General Banking Law On January 12, 2019, Law 21,130, Modernizing Banking Legislation, was issued in the Official Gazette. This law introduces modifications, among other regulatory bodies, to the General Banking Law, N°21,000 that created the Commission for the Financial Market, the Organic Law of the State Bank of Chile and the Tax Code. One of the main changes introduced by this law, is the integration of the SBIF with the Commission for the Financial Market (CMF), new capital requirements in accordance with the international standards established by Basel III, as well as new limits for credit operations. The new Law adopts the highest international standards in terms of banking regulation and supervision, strengthening international competitiveness and contributing to financial stability of Chile. Lawsuit of Helm LLC against Itaú Corpbanca In December 2016 Helm LLC (“Helm”) initiated an arbitration before the ICC International Court of Arbitration (the “ICC”) against Corp Group Holding Inversiones Ltda. (“Corp Group”) and Itaú Corpbanca (collectively, “Respondents”). Helm alleged that Respondents had breached (i) the Amended and Restated Shareholders Agreement of HB Acquisition S.A.S., dated as of July 31, 2013, which governs Itaú Corpbanca’s subsidiary Itaú Corpbanca Colombia, and (ii) the Transaction Agreement, dated January 29, 2014, as amended and restated, which governs the merger between Itaú Chile S.A. and Corpbanca, by which Itaú Corpbanca was formed, and the potential acquisition by Itaú Corpbanca of certain shares of Itaú Corpbanca Colombia from Corp Group. During the course of the proceedings, Helm demanded that Itaú Corpbanca and Corp Group effect the acquisition of its shares of Itaú Corpbanca Colombia at the price agreed with Corp Group in the Transaction Agreement, which (with interest at 9% per year running from January 29, 2014) would have totaled approximately $850 million. On February 28, 2019, a three-member Tribunal of the ICC rejected Helm’s demand and ordered Helm to sell its shares of Itaú Corpbanca Colombia, which represent 19.44% of the equity of Itaú Corpbanca Colombia, to Respondents at approximately $299 million (which includes interest at LIBOR plus 2.7% per year running from April 1, 2016). Itaú Corpbanca intends to purchase the shares from Helm. This price of $299 million implies a valuation multiple of 1.36 times book value of Itaú Corpbanca Colombia as of December 31, 2018, and is consistent with the valuations of Itaú Corpbanca Colombia in Itaú Corpbanca’s financial statements. The acquisition, when completed, will result in an estimated impact of 0.82% on Itaú Corpbanca’s Common Equity Tier 1 capital, on a fully loaded basis, under the Basel III standards (using exchange rates as of February 28, 2019). In this context, on March 11, 2019 we have filed with regulators a request to be authorized to purchase those shares from Helm LLC corresponding to the 19.44% as indicated above and also from Kresge Stock Holding Company Inc (KSHC) for a 1.38% of the equity of Itaú Corpbanca Colombia, respectively, as part of the shareholders agreement in Colombia. The Bank is currently in the process of seeking regulatory authorization to purchase those shares in Chile, Colombia and Brazil. The regulators’ approval in these three different jurisdictions is not perfunctory and accordingly, the acquisition of the non-controlling Shareholders’ meeting In the Annual Ordinary Shareholders’ Meeting held on March 19, 2019, Itaú Corpbanca’s shareholders agreed: 1. To renew in its entirety the bank’s board of directors. Consequently, the following persons were appointed, eleven as office-holders and two as alternates, respectively, as provided by Itaú Corpbanca’s by-laws: Office-holders: Andrés Bucher Cepeda Jorge Andrés Saieh Guzmán Gustavo Arriagada Morales Ricardo Villela Marino Pedro Samhan Escándar Jorge Selume Zaror Bernard Pasquier Fernando Aguad Dagach Fernando Concha Ureta Caio Ibrahim David Milton Maluhy Filho Alternates: Diego Fresco Gutiérrez Jessica López Saffie It is noted herein that the office-holders, Messrs. Gustavo Arriagada Morales, Pedro Samhan Escándar, Bernard Pasquier and Fernando Concha Ureta were appointed as independent directors, as set forth in article 50 Bis. of Law No. 18,046. 2. To distribute a dividend equivalent to 30% of net income for 2018, which represents an aggregate amount equal to MCh$51,614 payable to the shareholders of the Bank entitled to receive dividends in a proportion of 0.100728627 per share. Other subsequent events Between January 1 and April 8, 2019, the date of issuance of these consolidated financial statements, there have been no other events after the reporting period that could affect the presentation and results of the financial statements. /s/ Jonathan Covarrubias Hernández /s/ Manuel Olivares Rossetti Chief Accounting Officer Chief Executive Officer |
General Information and Summa_2
General Information and Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
Statement [LineItems] | |
Accounting period | a) Accounting period The Consolidated Financial Statements are referred as of December 31, 2018 and 2017 and comprise the years ended December 31, 2018, 2017 and 2016. |
Basis of preparation of the Consolidated Financial Statements | b) Basis of preparation of the Consolidated Financial Statements These Consolidated Financial Statements have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS-IASB”). The Bank had a significant accounting change due to IFRS 9 adoption. Please see new accounting policies in letters k) and u) in this section and Note 2 “Accounting changes”. Notes to these Consolidated Financial Statements contain information additional to that disclosed in the Consolidated Statements of Financial Position, Consolidated Statements of Income, Consolidated Statements of Other Comprehensive Income, Consolidated Statements of Changes in Equity, and Consolidated Statements of Cash Flows. 1 The business combination was a “reverse acquisition” as established in IFRS 3, “ Business Combinations |
Consolidation criteria | c) Consolidation criteria These Consolidated Financial Statements comprise the preparation of the Financial Statements of the Bank and the controlled entities which participate in the consolidation as of December 31, 2018 and 2017 and for the years ended December 31, 2018, 2017 and 2016, and include the necessary adjustments and reclassifications to standardize the accounting policies and valuation criteria applied by the Bank, in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS-IASB”). Intercompany balances and any unrealized income or loss arising from intercompany transactions are eliminated upon consolidation during the preparation of the Consolidated Financial Statements. (i) Controlled entities The Bank, regardless of the nature of its involvement with an entity (the investee), shall determine whether it is a parent by assessing whether it controls the investee. The Bank controls an investee when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Thus, the Bank controls an investee if and only if has all the following: 1) Power over the investee, which is related to the existing rights that give the Bank the current ability to direct the relevant activities, these being those that significantly affect the investee’s returns; 2) Exposure, or rights, to variable returns from its involvement with the investee; 3) Ability to use its power over the investee to affect the amount of the Bank’s returns; When the Bank has less than a majority of the voting rights over an investee, but such voting rights are sufficient to have the actual ability to direct the relevant activities, then it will be concluded that the Bank has control over the investee. The Bank considers all relevant factors and circumstances when assessing if the voting rights are sufficient to obtain control, these include: • The amount of voting rights held by the Bank in relation to the amount and dispersion of those held by other vote holders. • Potential voting rights held by the Bank, other voting holders or other parties. • Rights that arise from other contractual agreements. • Any additional facts and circumstances that indicate that the Bank has, or does not have, the current ability to direct the relevant activities at the time those decisions need to be made, including the patterns of voting behavior in previous shareholders meetings. The Bank reassesses whether or not it has control over an investee when facts and circumstances indicate that there are changes in one or more of the control elements listed above. The financial statements of the controlled companies are consolidated by combining like items of assets, liabilities, equity, income, expenses and cash flows of the parent with those of its subsidiaries; offsetting (eliminate) the carrying amount of the parent’s investment in each subsidiary and the parent’s portion of equity of each subsidiary, and; by eliminating in full intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between entities. Therefore, the Consolidated Financial Statements refer to assets, liabilities, equity, income, expenses, and cash flows of the parent and its subsidiaries presented as if they were a single economic entity. The Bank prepares Consolidated Financial Statements using uniform accounting policies for transactions and other events that, being similar, have occurred in similar circumstances. The Bank attributes income for the year and each component of other comprehensive income to owners of the Bank and to the non-controlling non-controlling non-controlling The following are the entities controlled by Itaú Corpbanca: Ownership percentage Market Country Functional As of December 31, As of December 31, Direct Indirect Total Direct Indirect Total % % % % % % Itaú Corredores de Bolsa Limitada (ex - CorpBanca Corredores de Bolsa National Chile $ 99.990 0.010 100.000 99.990 0.010 100.000 Itaú Administradora General de Fondos S.A. (ex - Itaú Chile Administradora General de Fondos S.A.) (1) (7) (14) Chile $ 99.994 0.006 100.000 99.988 0.006 99.994 CorpBanca Administradora General de Fondos S.A. (1) (7) Chile $ — — — — — — Itaú Corredores de Seguros S.A. (ex-Corpbanca Chile $ 99.900 0.100 100.000 99.990 0.010 100.000 Itaú Chile Corredora de Seguro Ltda. (1) (8) Chile $ — — — 99.900 0.100 100.000 Itaú Asesorías Financieras S.A. (2) Chile $ 99.990 0.010 100.000 99.990 0.010 100.000 CorpLegal S.A. (2) Chile $ 99.990 0.010 100.000 99.990 0.010 100.000 Recaudaciones y Cobranzas Limitada (Ex- Chile $ 99.999 0.001 100.000 99.999 0.001 100.000 Itaú Corpbanca New York Branch (2) (10) Foreign USA US$ 100.000 — 100.000 100.000 — 100.000 Corpbanca Securities Inc (2) (11) USA US$ — — — — — — Itaú Corpbanca Colombia S.A. (Ex-Banco Colombia COP$ 66.279 — 66.279 66.279 — 66.279 Itaú Corredor de Seguro Colombia S.A. (Ex-Helm Colombia COP$ 80.000 — 80.000 80.000 — 80.000 Itaú Securities Services Colombia S.A. Sociedad Fiduciaria (Ex-CorpBanca Colombia COP$ 5.499 62.634 68.133 5.499 62.634 68.133 Itaú Comisionista de Bolsa Colombia S.A (Ex-Helm Colombia COP$ 2.219 64.807 67.026 2.219 64.807 67.026 Itaú Asset Management Colombia S.A. Sociedad Fiduciaria (Ex-Helm Colombia COP$ — 66.266 66.266 — 66.266 66.266 Itaú (Panamá) S.A. (Ex-Helm Panama US$ — 66.279 66.279 — 66.279 66.279 Itaú Casa de Valores S.A (ex-Helm Panama US$ — 66.279 66.279 — 66.279 66.279 (1) Companies regulated by the Chilean Financial Market Commission, hereinafter CMF (formerly Superintendency of Securities and Insurance – SVS) (2) Companies regulated by the Superintendency of Banks and Financial Institutions (SBIF) of Chile. (3) Companies regulated by the Colombian Financial Superintendency (SFC), which has entered into a supervision agreement with the SBIF. (4) Company regulated by the Superintendency of Banks of Panama. (5) Company regulated by the Superintendency of the Securities Market of Panama. (6) On January 1, 2017, the merger of Corpbanca Corredores de Bolsa S.A. and Itaú BBA Corredor de Bolsa Ltda. took place, by which the latter absorbed the first, and its new corporate name is Itaú Corpbanca Corredores de Bolsa S.A. (7) On December 29, 2017, the merger of Corpbanca Administradora General de Fondos S.A. and Itaú Chile Administradora General de Fondos, took place, by which the latter absorbed the first and its new corporate name is Itaú Administradora General de Fondos S.A. (8) On April 1, 2018, the merger of Corpbanca Corredores de Seguros S.A. and Itaú Chile Corredora de Seguros Limitada took place, by which the latter absorbed the first, and its new corporate name is Itaú Corpbanca Corredores de Seguros S.A. (9) On November 5, 2018, Itaú Corpbanca Recaudaciones y Cobranzas S.A. changed its legal name to Recaudaciones y Cobranzas Limitada. (10) Company regulated by the Office of the Comptroller of the Currency (OCC) and the Federal Reserve (FED). (11) On December 18, 2017, the dissolution of the branch located in New York was authorized. (12) On July 4, 2018, Itaú Asesorías Financieras S.A. acquired 2 shares of the company to minority shareholders, therefore Itaú Corpbanca and subsidiaries controls, directly and indirectly, 100% of the company’s shares. (13) On September 10, 2018, Itaú Corpbanca acquired 127,901 shares of the company to minority shareholders, therefore Itaú Corpbanca controls, directly and indirectly, 100% of the company´s shares. (14) On December 10, 2018, Itaú Corpbanca acquired 1 share from a minority investor, with what passes and directly controls 100% of the entity. (15) On August 1, 2018, the corporate name of Itaú Corpbanca Corredores de Bolsa S.A. was changed to Itaú Corredores de Bolsa Limitada. (i) Funds management, trust business and other related businesses The Bank and its subsidiaries manage assets held in publicly offered investment funds and other investment vehicles on behalf of investors and receive market-rate compensation for providing this type of services. Managed funds belong to third parties and, therefore, are not included in the Consolidated Statement of Financial Position. The Bank provides trust commissions and other fiduciary services that result in the participation or investment of assets by clients. Assets held in a fiduciary activity are not reported in the Consolidated Financial Statements, since they are not Bank assets and there is no control over them. Contingencies and commitments arising from this activity are disclosed in Note N°22 “Contingencies, Commitments, and Responsibilities”, letter c), related to Responsibilities recorded in off-balance-sheet In accordance to IFRS 10 “ Consolidated Financial Statements • Scope of its decision-making authority over the investee. • Rights held by other parties • The remuneration to which it is entitled to in accordance with the remuneration agreements. • Decision-maker’s exposure to variability of returns from other interests that it holds in the investee. The Bank does not control or consolidate any trusts or other entities related to this type of business. The Bank manages the funds on behalf and for the benefit of investors, acting solely as an Agent. The assets managed by the Bank and its subsidiaries are owned by third parties. Under this category, and in accordance with the aforementioned standard, they do not control the assets when they exercise their decision-making authority. Therefore, as of December 31, 2018 and 2017 they act as Agent and none of these investment vehicles is consolidated. |
Non-controlling interest | d) Non-controlling Non-controlling non-controlling |
Business combination and goodwill | e) Business combination and goodwill Business combinations are accounted for using the acquisition method. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the Bank, liabilities incurred by the Bank to the former owners of the acquiree and the equity interests issued by the Bank in exchange for control of the acquiree. Acquisition costs incurred are expensed and included in administrative expenses. When Itaú Corpbanca and its subsidiaries (the Group) acquires a business, evaluates the identifiable assets acquired and liabilities assumed to determine proper classification and designation based on contractual conditions, economic circumstances, and other relevant conditions as of the acquisition date. This includes the separation of embedded derivatives in host contracts by the acquiree. Goodwill, defined as the difference between the consideration transferred and the amount recognized for the non-controlling After initial recognition, goodwill is measured at cost less any accumulated impairment losses. Goodwill acquired in a business combination is assigned, from the date of acquisition, to each of the Group’s cash generating units (CGU) that are expected to benefit from the combination, independently of whether other assets or liabilities of the acquiree are assigned to those units. When goodwill is allocated to a CGU and an operation within that unit is sold, the goodwill associated with that operation is included in the carrying amount of the operation sold when determining the gain or loss on disposal. Goodwill that is derecognized under such circumstances is measured on the basis of the relative values of the operation disposed of and the retained portion of the CGU. |
Functional and presentation currency | f) Functional and presentation currency The Bank has defined as its functional and presentation currency the Chilean peso, which is the currency of the primary economic environment in which the Bank operates and the currency that influences its costs and revenue structure. Therefore, all balances and transactions denominated in currencies other than the Chilean peso are treated as “foreign currency”. The Bank translates accounting records of its subsidiaries in New York and in Colombia into Chilean pesos from US dollars and Colombian pesos, respectively, in accordance with IAS 21 “Effects of the Variations in the Exchange Rates of the Foreign Currency” |
Foreign currency | g) Foreign currency Transactions in foreign currency are initially recorded by the Bank at the exchange rates of their respective functional currencies at the date these transactions first meet the conditions for their recognition. Monetary assets and liabilities denominated in foreign currency are converted at the closing exchange rate of the functional currency in force at the closing date of the reporting period. All differences arising from the settlement or conversion of monetary items are recorded in income, except for those that correspond to monetary items that are part of the hedge of a net investment in a foreign operation, for which the cumulative difference is recorded in equity and subsequently reclassified to profit and loss (on disposal). Tax effects attributable to the exchange differences on such monetary items are also recorded in Other Comprehensive Income. Non-monetary Non-monetary non-monetary The Bank grants loans and receives deposits in amounts denominated in foreign currency, mainly in US dollars and Colombian pesos. The balances of the Financial Statements of the consolidated entities whose functional currency is different from the Chilean peso are converted to the presentation currency, according to the following: • Assets and liabilities, by using exchange rates as of the date of the Consolidated Financial Statements. • Income and expenses and cash flows, by using the exchange rates as of the date of each transaction. Exchange differences arising from translating balances in functional currencies of the consolidated entities other than Chilean pesos into Chilean pesos, are recorded as “Exchange differences” in Equity under the line item “Valuation accounts”, until they meet the derecognition criteria for the Consolidated Statement of Financial Position, and is subsequently recorded in profit or loss. The net amount of foreign exchange gains and losses includes the recognition of the effects of changes in the exchange rate over assets and liabilities denominated in foreign currencies and gains and losses arising from exchange rate changes affecting current and future transactions (highly probable transactions) entered into by the Bank. Assets and liabilities in foreign currencies are shown at their equivalent amount in pesos, calculated using the exchange rate of $694.73 per US$1 (US dollar) as of December 31, 2018 ($614.48 as of December 31, 2017 and $669.81 as of December 31, 2016) and the exchange rate of $0.2139 per COP$1 (Colombian peso) as of December 31, 2018 ($0.2058 as of December 31, 2017 and $0.2231 as of December 31, 2016). The financial statements of the New York branch, as well as the Colombian subsidiaries, have been translated using these exchange rates for consolidation purposes, in accordance with IAS 21, related to the valuation of investments abroad in countries with stable economy. |
Use of estimates and judgments | h) Use of estimates and judgments The preparation of the Consolidated Financial Statements requires Bank’s management to make estimates, judgments and assumptions that affect the application of the accounting policies and the reported balances of assets and liabilities, disclosures of contingencies with respect to assets and liabilities as of the date of the Consolidated Financial Statements, as well as income and expenses during the year. Actual results may differ from these estimates. Estimates and relevant assumptions are regularly reviewed by Management in order to properly measure some assets, liabilities, income, and expenses. Accounting estimates changes due to reviews are recognized in the year in which the estimate is reviewed and in any future period affected. In certain cases, International Financial Reporting Standards requires that assets and liabilities be recorded or disclosed at their fair values. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction in the principal (or most advantageous) market at the measurement date under current market conditions (i.e. an exit price) regardless of whether that price is directly observable or estimated using another valuation technique. When market prices in active markets are available, they have been used as a basis for valuation. When market prices in active markets are not available, the Bank has estimated those values as values based on the best available information, including the use of modeling and other valuation techniques. In particular, information on most significant areas of estimate due to uncertainties and critical judgments in the application of accounting policies that have the most important effect on the amounts recorded in the Consolidated Financial Statements are the following: • Useful lives of property, plant and equipment and intangible assets (Notes 12, 13, and 30). • Goodwill - Impairment test (Notes 12 and 30). • Allowances for loan losses (Notes 9, 10 and 27). • Fair value of financial assets and liabilities (Note 33). • Provisions (Note 19). • Contingencies and commitments (Note 21). • Impairment losses of certain assets (Notes 12, 13, and 30). • Current taxes and deferred taxes (Note 14). • Perimeter of consolidation and control assessment for consolidation purposes (Note 1, letter c). During the year ended December 31, 2018, there have been no significant changes compared with the prior period, other than those indicated in these Consolidated Financial Statements (see Note 2). |
Operating segments | i) Operating segments The Bank provides financial information for each operating segment in conformity with IFRS 8 “Operating Segments” • Better understand the Bank’s performance. • Better evaluate its future cash flow projections. • Form better opinions regarding the Bank as a whole. To comply with IFRS 8, Itaú Corpbanca identifies operating segments (Chile and Colombia) used by the Executive Committee to analyze and make decisions regarding operating, financing and investment matters, based on the following elements: (1) The nature of the products and services; (2) The nature of the processes; (3) The type or class of customer for their products and services; (4) The methods used to distribute their products or provide their services; and (5) If applicable, the nature of the regulatory environment, for example, banking, insurance or public utilities. The Executive Committee manages these segments using an in-house More information on each segment is presented in Note 4 Reporting Segments |
Operations with repurchase and resale agreements | j) Operations with repurchase and resale agreements Transactions with resale agreements are entered into as a form of investment. Under these agreements, financial instruments are sold, which are included as assets under “Investments under resale agreement”, which are valued according to the effective interest rate of the agreement. There are also sales transactions with a repurchase agreement as a form of financing. In this regard, the investments that are sold subject to a repurchase obligation and that serve as collateral for the loan, form part of the investment items of “Financial instruments at fair value through profit or loss” or “Financial instruments at fair value through profit or loss”. The obligation to repurchase the investment is classified in the liability as “repurchase agreements and securities loans”, recognizing interest and adjustments accrued as of the closing date. |
Classification of financial instrument | I. Classification of financial instrument i) Classification of financial assets Financial assets are classified into a measurement category based on both the Bank’s business model for managing the financial asset and the contractual cash flow characteristics of the financial asset. Contractual cash flow assessment determine if the cash flows from the financial asset meet the SPPI (solely payment of principal and interest) criterion, i.e. whether the contractual terms of the financial asset give rise, on specific dates, to cash flows that are solely payments of principal and interest. Principal is the fair value of the financial assets at initial recognition, and interest is the consideration for the time value of money, the credit risk associated with the principal outstanding, and also may include liquidity risk, administrative cost and profit margin. For classification process the Bank perform the SPPI test, which assesses the contractual term to identify whether they meet SPPI criterion, the contract is a basic lending arrangement. The Bank applies judgment and considers relevant factors such as currency in which the financial asset is denominated, and period for which the interest rate is set. Business model refers to how the Bank manages its financial assets in order to generate cash flows. The Bank determined its business model on initial application of IFRS 9 at the level that best reflects how it manages groups of financial assets to achieve its business objective. The Bank’s business model represents how financial assets are managed to generate cash flows and does not depend on the Management’s intention regarding an individual instrument, but at a higher level of aggregated portfolio and is based on observable factors such as: risks that affect the performance of business model; how business managers are compensated; how the performance of business model is assessed and reported to Management. In addition, the Banks’s business model is not assessed on an instrument-by- In accordance with IFRS 9 the business models are: • Held to collect business model (HTC) - financial assets that are held within a business model whose objective is to hold assets in order to collect contractual cash flows are managed to realize cash flows by collecting contractual payments over the life of the instrument, under this business model sales made when there is an increase in the credit risk, or to manage credit concentration risk are not inconsistent with a business model whose objective is to hold financial assets to collect contractual cash flows. • Held to collect and sell (HTC&S) - financial assets under this business model achieve the objective by both collecting contractual cash flows and selling financial assets, then involve a greater frequency and value of sales than HTC business model. • Other business model - financial assets held in this business has the objective of realizing cash flows through the sale of the assets. The Bank makes decisions based on the assets’ fair values and manages the assets to realize those fair values. ii) Reclassification Reclassification of financial assets is required if, and only if, the objective of the Bank’s business model for managing those financial assets changes. Financial liabilities cannot be reclassified. II. Measurement of financial instruments i) Initial measurement On initial recognition, financial assets and financial liabilities are measured at the transaction price, i.e. the fair value of the consideration given or received (IFRS 13). In the case of financial instruments not at fair value through profit or loss, transaction costs of financial assets and financial liabilities carried at fair value are expensed in profit or loss. ii) Subsequent measurement- financial assets After initial recognition, the Bank shall measures a financial asset at: (a) Amortized cost Financial assets that are held in a business model to collect the contractual cash flows and contain contractual terms that give rise on specific dates to cash flows that are SPPI, are measured at amortized cost. The effective interest method is used in the calculation of the amortized cost of a financial asset or a financial liability and in the allocation and recognition of the interest revenue or interest expense in profit or loss over the relevant period. The effective interest rate (EIR) is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial asset or financial liability to the gross carrying amount of a financial asset or to the amortized cost of a financial liability. (b) Fair value through other comprehensive income (FVOCI) Financial assets that are debt instruments held in a business model that is achieved by both collecting contractual cash flows and selling, and that contain contractual terms that give rise on specific dates to cash flows that are SPPI, are measured at FVOCI. They are subsequently remeasured at fair value and changes therein (except for those relating to impairment, interest income and foreign currency exchange gains and losses) are recognized in other comprehensive income, until the assets are sold. Upon disposal, the cumulative gain and losses in OCI are recognized in the income statements. (c) Fair value through profit or loss (FVTPL) Financial assets that do not contain contractual terms that give rise on specified dates to cash flows that are SPPI, or if the financial assets, or if the financial asset is not held in a business model that is either (i) a business model to collect the contractual cash flows or (ii) a business model that is achieved by both collecting contractual cash flows and selling. Financial assets held for trading are recognized at fair value through profit or loss, likewise derivatives contracts for trading purposes. For certain equity instruments, the Bank may make an irrevocable election to present subsequent changes in the fair value of the instrument in other comprehensive income, except for dividend income which is recognized in profit or loss. Gains or losses on derecognition of these equity instruments are not transferred to profit or loss. iii) Subsequent measurement- financial liabilities After initial recognition, the Bank shall measure a financial liability at amortized cost, except for derivatives that are measured at fair value through profit or loss. III. Derecognition of financial assets and liabilities Financial assets are derecognized when, and only when: • the contractual rights to the cash flows from the financial asset expire, or • the Bank transfers substantially all the risks and rewards of ownership of the financial asset, and therefore the Bank derecognizes the financial asset and recognize separately any rights and obligations created or retained in the transfer. In some cases, the Bank enters into transactions for which it retains the contractual rights to receive the cash flows of the financial asset, but assumes a contractual obligation to pay the cash flows in an arrangement that meets all the conditions required, i.e. the Bank only transfers collected amounts from original assets, selling or pledging original assets is prohibited, and the Bank has the obligation to remit cash flows collected without material delay. When a financial asset is sold and the Bank simultaneously agrees to repurchase it (or an asset that is substantially the same) at a fixed price on a future date, the Bank continues to recognize the financial assets in their entirety in the statements of financial position because it retains substantially all of the risks and rewards of ownership. The cash consideration received is recognized as a financial asset and a financial liability is recognized for the obligation to pay the repurchase price. Financial liabilities are derecognized when, and only when, they are extinguished, cancelled or expired. IV. Contingent loans The Bank issues contingent loans (including letters of credit, foreign letters of credit and performance guarantee) and loan commitments. Contingent loans and undrawn loan commitments are commitments under which, over the duration of the commitment, the Bank is required to provide a loan with pre-specified The nominal contractual loan value, when the loan agreed to be provided is on market terms, is not recorded in the statements of financial position. The related expected credit losses allowances are disclosed in Note 19. V. Offsetting Financial assets and financial liabilities are offset in the balance sheet only when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis, or realize the asset and settle the liability simultaneously. As of December 31, 2018, the Bank does not have balance offsetting of financial instruments. |
Derivatives and hedging activities | m) Derivatives and hedging activities The Bank has elected to continue applying the hedge accounting requirements of IAS 39 on adoption of IFRS 9. The Bank has not provided comparative information for prior periods on the date of initial application of IFRS 9 for the new disclosures introduces by IFRS 9 as a consequential amendment to IFRS 7, as permitted by IFRS 7 paragraph 44z. For presentation purposes, derivatives are presented in accordance with its positive or negative fair value as assets or liabilities, respectively, and include trading and hedging instruments separately (see Note 8). Hedging transactions The Bank has elected to continue applying the hedge accounting requirements in IAS 39 instead of the requirements of IFRS 9, thus the Bank uses financial derivatives for the following purposes: i. ii. iii. All financial derivatives that are not held for hedging purposes are accounted for as trading derivatives. A derivative qualifies for hedge accounting if all the following conditions are met: 1. a. b. c. 2. a. b. 3. The changes in the value of financial instruments qualifying for hedge accounting are recorded as follows: a. b. c. d. If a derivative designated as a hedging instrument no longer meets the conditions described above due to expiration, ineffectiveness or for any other reason, hedge accounting treatment is discontinued. When “fair value hedging” is discontinued, the fair value adjustments to the carrying amount of the hedged item arising from the hedged risk are amortized to gain or loss from that date, where applicable. Sources of hedge ineffectiveness may arise from basis risk, including but not limited to the discount rates used for calculating the fair value of derivatives, hedges using instruments with a non-zero When cash flow hedges are discontinued, any cumulative gain or loss of the hedging instrument recognized under “Other comprehensive income” (from the period when the hedge was effective) remains recorded in equity until the hedged transaction occurs, at which time it is recorded in the Consolidated Statements of Income, unless the transaction is no longer expected to occur, in which case any cumulative gain or loss is recorded immediately in the Consolidated Statements of Income. |
Fair value measurement | n) Fair value measurement In general, financial assets and liabilities are initially recognized at fair value which, in the absence of evidence to the contrary, is deemed to be the transaction price. Financial instruments, other than those measured at fair value through profit or loss, are initially recognized at fair value plus transaction costs. Subsequently, and at the end of each reporting period, financial instruments are measured pursuant to the following criteria: i. Valuation of financial instruments Financial assets are measured according to their fair value, gross of any transaction costs that may be incurred in the course of a sale, except for loans and accounts receivable from customers. “Fair value” is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction in the principal (or most advantageous) market at the measurement date under current market conditions (i.e. an exit price) regardless of whether that price is directly observable or estimated using another valuation technique. When measuring fair value an entity shall take into account the characteristics of the asset or liability if market participants would take those characteristics into account when pricing the asset or liability at the measurement date. The fair value measurement assumes that the transaction to sell the asset or transfer the liability takes place either: (a) in the principal market for the asset or liability, or (b) in the absence of a principal market, the most advantageous market for the asset or liability. Even when there is no observable market to provide pricing information in connection with the sale of an asset or the transfer of a liability at the measurement date, the fair value measurement shall assume that the transaction takes place, considered from the perspective of a potential market participant who intends to maximize value associated with the asset or liability. When using valuation techniques, the Bank shall maximize the use of relevant observable inputs and minimize the use of unobservable inputs as available. If an asset or a liability measured at fair value has a bid price and an ask price, the price within the bid-ask The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1 inputs) and the lowest priority to unobservable inputs (Level 3 inputs). All derivatives are recorded in the Consolidated Statements of Financial Position at the fair value previously described. This value is compared to the valuation as at the trade date. If the fair value is subsequently measured positive, this is recorded as an asset. If the fair value is subsequently measured negative, this is recorded as a liability. The fair value on the trade date is deemed, in the absence of evidence to the contrary, to be the transaction price. The changes in the fair value of derivatives from the trade date are recorded in “Net income (expense) from financial operations” in the Consolidated Statements of Income. Specifically, the fair value of financial derivatives included in the portfolios of financial assets or liabilities held for trading is deemed to be their daily quoted price. If, for exceptional reasons, the quoted price cannot be determined on a given date, the fair value is determined using similar methods to those used to measure over the counter (OTC) derivatives. The fair value of OTC derivatives is the sum of the future cash flows resulting from the instrument, discounted to present value at the date of valuation (“present value” or “theoretical close”) using valuation techniques commonly used by the financial markets: “net present value” (NPV) and option pricing models, among other methods. Also, within the fair value of derivatives are included Credit Valuation Adjustment (CVA) and Debit Valuation Adjustment (DVA), all with the objective that the fair value of each instrument includes the credit risk of its counterparty and Bank’s own risk. The Credit valuation adjustment (CVA) is a valuation adjustment to OTC derivatives as a result of the risk associated with the credit exposure assumed by each counterparty. The CVA is calculated taking into account potential exposure to each counterparty in each future period. The debit valuation adjustment (DVA) is a valuation adjustment similar to the CVA but, in this case, it arises as a result of the Bank’s own risk assumed by its counterparties in OTC derivatives. As of December 31, 2018, CVA and DVA amount to MCh$38,821 and MCh$340, respectively (MCh$53,398 and MCh$1,369 as of December 31, 2017, respectively and MCh$51,997 and MCh$1,247 as of December 31, 2016, respectively). ii. Valuation techniques Financial instruments at fair value, determined on the basis of price quotations in active markets, include government debt securities, private sector debt securities, equity shares, short positions, and fixed-income securities issued. In cases where price quotations cannot be observed in available markets, the Bank’s management determines a best estimate of the price that the market would set using its own internal models. In most cases, these models use data based on observable market parameters as significant inputs however for some valuations of financial instruments, significant inputs are unobservable in the market. To determine a value for those instruments, various techniques are employed to make these estimates, including the extrapolation of observable market data. The most reliable evidence of the fair value of a financial instrument on initial recognition usually is the transaction price, however due to lack of availability of market information, the value of the instrument may be derived from other market transactions performed with the same or similar instruments or may be measured by using a valuation technique in which the variables used include only observable market data, mainly interest rates. The main techniques used as of December 31, 2018 and 2017 by the Bank’s internal models to determine the fair value of the financial instruments are as follows: i. ii. bid-offer iii. The fair value of the financial instruments calculated by the aforementioned internal models considers contractual terms and observable market data, which include interest rates, credit risk, exchange rates, quoted market price of shares, volatility and prepayments, among others. The Bank’s management considers that its valuation models are not significantly subjective, since these methodologies can be adjusted and evaluated, as appropriate, through the internal calculation of fair value and the subsequent comparison with the related actively traded price. |
Recognizing income and expenses | o) Recognizing income and expenses The most significant criteria used by the Bank to recognize its revenues and expenses are summarized as follows: i. Interest revenue, interest expense, and similar items Interest income is calculated by applying the effective interest rate to the gross carrying amount of financial assets, except for financial assets that have subsequently become credit-impaired (or ‘stage 3’), for which interest revenue is calculated by applying the effective interest rate to their amortized cost (i.e. net of the ECL provision). ii. Commissions, fees, and similar items Fee and commission income and expenses are recognized in the Consolidated Statements of Income using criteria established in IFRS 15 “Revenue from contracts with customers”. See disclosure in Note 2 relating adoption and impact of IFRS 15. Under IFRS 15, the Bank recognizes revenue when (or as) satisfied a performance obligations by transferring a service (i.e. an asset) to a customer; under this definition an asset is transferred when (or as) the customer obtains control of that asset. The Bank considers the terms of the contract and its customary business practices to determine the transaction price. The transaction price is the amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties. The Bank transfers control of a good or service over time and, therefore, satisfies a performance obligation and recognizes revenue over time, and/or the Bank satisfies the performance obligation at a point in time. The main revenues arising from commissions, fees and similar items correspond to: • Fees and commissions for lines of credits and overdrafts: includes accrued fees related to granting lines of credit and overdrafts in checking accounts. • Fees and commissions for guarantees and letters of credit: includes accrued fees in the period relating to granting of guarantee payment for current and contingent third party obligations. • Fees and commissions for card services: includes accrued and earned commissions in the period related to use of credit cards, debit cards and other cards • Fees and commissions for management of accounts: includes accrued commissions for the maintenance of checking, savings and other accounts • Fees and commissions for collections and payments: includes income arising from collections and payments services provided by the Bank. • Fees and commissions for intermediation and management of securities: includes income from brokerage, placements, administration and securities’ custody services. • Fees and commissions for insurance brokerage fees: includes income arising for insurances distribution. • Other fees and commissions: includes income arising from currency changes, financial advisory, cashier check issuance, placement of financial products and online banking services. The main expenses arising from commissions, fees and similar items correspond to: • Compensation for card operation: includes commission expenses for credit and debit card operations related to income commissions’ card services. • Fees and commissions for securities transactions: includes commissions’ expense for deposits, securities custody service and securities’ brokerage. • Other fees and commissions: includes mainly expenses generated from online services. The Bank has incorporated disaggregated revenue and expense disclosures and reportable segment relationship in Note 28. Additionally, the Bank maintains certain loyalty programs associated to its credit cards services, for which it has deferred a percentage of the consideration received in the statements of financial position to comply with its related performance obligation, or has liquidated on a monthly basis as far they arise. Revenue recognition accounting and disclosures for the year 2017 and 2016, was under IAS 18 “Revenue recognition”, fees and commission income and expense were recognized in according to their nature. The main criteria was: • Fee and commission income and expenses on financial assets and liabilities were recognized when they are earned. • Those arising from transactions or services that were performed over a period of time, were recognized over the life of these transactions or services. • Those relating to services provided in a single transaction were recognized when the single transaction was performed. iii. Loan arrangement fees Fees that arise as a result of the origination of a loan, mainly application and analysis-related fees, are deferred and charged to the Consolidated Statement of Income over the term of the loan. In the case of commitment fees these are immediately recorded in the Consolidated Statement of Income when it is unlikely that a specific lending arrangement will be entered into and the loan commitment is not measured at FVTPL. |
Impairment | p) Impairment Assets are acquired or purchased based on the future economic benefits they produce. Accordingly, impairment is recorded when the carrying amount of those assets is lower than the recoverable amount, Assets are subject to impairment tests in order to properly reflect the future economic benefits that assets are capable to produce when used by the Bank. The Bank assesses on a forward-looking basis the expected credit losses (ECL) associated with its debt instrument assets carried at amortized cost and FVOCI and with the exposure arising from loan commitments and financial guarantee contracts. The Bank recognizes a loss allowance for such losses at each reporting date. The measurement of ECL reflects: • An unbiased and probability-weighted amount that is determined by evaluating a range of possible outcomes; • The time value of money; and Reasonable and supportable information that is available without undue cost or effort at the repotting date about past events, current conditions and forecasts of future economic conditions. The Bank follows the criteria described below in order to assess impairment, when applicable: (i) Financial assets A financial asset, other than those recorded at fair value through profit and loss, is evaluated on each financial statement reporting date in order to determine whether objective evidence of impairment exists. At the end of each reporting period the Bank assesses if objective evidence exist for a financial asset or group of financial assets to be impaired. A financial asset or group of financial assets will be impaired if, and only if, objective evidence of impairment exists as a result of one or more events that occurred after initial recognition of the asset (“event causing the loss”), and this event or events causing the loss have an impact on the estimated future cash flows of a financial asset or group of financial assets. An impairment loss relating to financial assets recorded at amortized cost is calculated as the difference between the recorded amount of the asset and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate. Objective evidence for an asset or group of assets to be impaired includes the following events that cause losses: (i) significant financial difficulties of the issuer or debtor; (ii) noncompliance of the terms of the contract; (iii) the lender, due to economic or legal reasons related to financial difficulties of the debtor, grants waivers or give unusual conditions that will not be granted in normal circumstances; (iv) it is probable that the debtor is in bankruptcy or in another form of financial reorganization; (v) there is no longer a market for the financial asset due to financial difficulties; or (vi) observable data indicates that since initial recognition of a group of financial assets there is a decrease in the estimated future cash flows regardless of individual identification for each asset, including data about: (a) adverse changes in the payment behavior of debtors in the group; or (b) local or national economic conditions correlated to non-compliant Individually significant financial assets are individually assessed to determine their impairment. The remaining financial assets are collectively evaluated in groups that share similar credit risk characteristics. Impairment loss for available for sale investments is calculated as the difference between the acquisition cost (net of any principal reimbursement) and the current fair value less any impairment loss previously recorded in income. For equity investments classified as available for sale investment, objective evidence includes a significant and extended decrease under the initial fair value of the invested amount. In the case of debt instruments classified as available for sale investments, the Bank assess if objective evidence for impairment exist based on the criteria used for assessing loans impairment losses. If impairment evidence exists, any amount previously recorded in equity is transferred from equity to the Consolidated Statement of Income, presented as available for sale investments net gains or losses. This amount is calculated as the difference between acquisition cost (net of any amortization and reimbursement) and the current fair value of the asset, less any impairment loss on the investment previously recorded in the Consolidated Statement of Income. In respect to equity financial investments, impairment losses previously recognized in the Consolidated Statement of Income are not reversed through income. Any increase in fair value subsequent to an impairment loss is recognized in other comprehensive income and accumulated under available for sale investments as part of “Valuation accounts”. All impairment losses are recorded in income. Any impairment loss relating to a financial asset available for sale previously recorded in equity is transferred to profit or loss. The reversal of an impairment loss occurs only if it can be objectively related to an event occurring after the initial impairment loss was recorded. The reversal of an impairment loss shall not exceed the carrying amount that would have been determined if no impairment loss has been recognized for the asset in prior years. The reversal is recorded in income with the exception of available for sale equity financial assets, in which case it is recorded in other comprehensive income. (ii) Non-financial The Bank’s non-financial If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognized immediately in profit or loss. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax In connection with other assets, impairment losses recorded in prior periods are assessed at each reporting date to determine whether the loss has decreased and should be reversed. The increased carrying amount of an asset other than goodwill attributable to a reversal of an impairment loss shall not exceed the carrying amount that would have been determined (net of amortization or depreciation) had no impairment loss been recognized for the asset in prior years. Goodwill impairment is not reversed. The Bank shall assess at the end of each reporting period whether there is any indication that an impairment loss recognized in prior periods for an asset other than goodwill may no longer exist or may have decreased. If any such indication exists, the entity shall estimate the recoverable amount of that asset. In assessing whether there is any indication that an impairment loss recognized in prior periods for an asset other than goodwill may no longer exist or may have decreased, an entity shall consider, as a minimum, external sources of information, such as there are observable indications that the asset’s value has increased significantly during the period; significant changes with a favorable effect on the entity have taken place during the period, or will take place in the near future, in the technological, market, economic or legal environment in which the entity operates or in the market to which the asset is dedicated; market interest rates or other market rates of return on investments have decreased during the period, and those decreases are likely to affect the discount rate used in calculating the asset’s value in use and increase the asset’s recoverable amount materially and internal sources of information such as significant changes with a favorable effect on the entity have taken place during the period, or are expected to take place in the near future, in the extent to which, or manner in which, the asset is used or is expected to be used. These changes include costs incurred during the period to improve or enhance the asset’s performance or restructure the operation to which the asset belongs. In the case of goodwill and indefinite useful life intangible assets or not yet available for use the recoverable amount is estimated at least annually. When impairment exists the carrying amount of the asset shall be reduced to its recoverable amount if, and only if, the recoverable amount of an asset is less than its carrying amount. This reduction is an impairment loss. An impairment loss shall be recognized immediately in profit or loss, unless the asset is carried at revalued amount in accordance with another standard. Any impairment loss of a revalued asset shall be treated as a revaluation decrease in accordance with that other standard. When the amount estimated for an impairment loss is greater than the carrying amount of the asset to which it relates, an entity shall recognize a liability if, and only if, that is required by another standard. After the recognition of an impairment loss, the depreciation (amortization) charge for the asset shall be adjusted in future periods to allocate the asset’s revised carrying amount, less its residual value (if any), on a systematic basis over its remaining useful life. If an impairment loss is recognized, any related deferred tax assets or liabilities are determined in accordance with IAS 12 “ Income Taxes Impairment losses recognized in previous years are assessed at the end of each reporting period in order to identify any indication for impairment reduction or disappearance. The increased carrying amount of an asset other than goodwill attributable to a reversal of an impairment loss shall not exceed the carrying amount that would have been determined (net of amortization or depreciation) had no impairment loss been recognized for the asset in prior years. (iii) Goodwill Goodwill is tested annually in order to determine if impairment losses exist and whenever there is an indication that the carrying value may be impaired. The impairment of goodwill is determined by evaluating the recoverable amount of each CGU (or group of CGUs) to which the goodwill relates. An impairment loss is recognized when the recoverable amount of the CGU is less than its carrying amount. For the purpose of impairment testing, goodwill acquired in a business combination shall, from the acquisition date, be allocated to each of the acquirer’s cash-generating units, or groups of cash-generating units irrespective of whether other assets or liabilities of the acquire are assigned to those units or groups of units. An impairment loss recognized for goodwill shall not be reversed in a subsequent period. According to IAS 36 “ Impairment of Assets |
Property, plant and equipment | q) Property, plant and equipment Items of property, plant and equipment are measured at acquisition cost, net of accumulated depreciation and impairment, if any. In addition to the price paid to acquire each item, the cost also includes, where applicable, the capitalized cost. The capitalized cost includes expenses attributed directly to the asset acquisition and any other costs directly attributable to the process of placing the asset in conditions to be used. When some part of an item of the plan and equipment are measured has a different useful life to that fixed asset, it is recognized as a separate component (significant components of plan and equipment are measured). This item includes the amounts of property, land, furniture, vehicles, technological equipment and other facilities own by the consolidated entities or acquired under financial leases. These assets are classified based on their use in: (i) Property, plant and equipment for own use Property, plant and equipment for own use includes but is not limited to tangible assets received by the consolidated entities in full or partial satisfaction of financial assets representing accounts receivable from third parties which are intended to be held for continuing own use and tangible assets acquired under finance leases. These assets are presented at acquisition cost less the related accumulated depreciation and, if applicable, any impairment losses (when net carrying amount was higher than recoverable amount). For accounting purposes, acquisition cost of the received asset is considered to be its net amount. Depreciation is calculated using the straight line method over the acquisition cost of assets less their residual value, assuming that the land on which buildings and other structures stand has an indefinite life and, therefore, is not subject to depreciation. Property, plant and equipment in leased properties are depreciated over the shorter period of time between their useful lives or the term of the lease, unless it is certain that the Bank will acquire the property at the end of the lease. Maintenance expenses relating to tangible assets held for own use are recorded as an expense in the period in which they are incurred. (ii) Assets leased out under operating leases The criteria used to record the acquisition cost of assets leased out under operating leases, to calculate their depreciation and their respective estimated useful lives, and to record the impairment losses thereof, are consistent with those described in relation to property, plant and equipment held for own use. |
Intangible assets | r) Intangible assets Intangible assets are identified as non-monetary Intangible assets are recorded initially at acquisition or production cost and are subsequently measured at cost less any accumulated amortization and any accumulated impairment losses. An entity shall assess whether the useful life of an intangible asset is finite or indefinite and, if finite, the length of, or number of production or similar units constituting, that useful life. An intangible asset shall be regarded by the entity as having an indefinite useful life when, based on an analysis of all of the relevant factors, there is no foreseeable limit to the period over which the asset is expected to generate net cash inflows for the entity. The accounting for an intangible asset is based on its useful life. An intangible asset with a finite useful life is amortized over its useful life, and it is reviewed in order to determine if the asset is impaired, the amortization period and the amortization method shall be reviewed at least at each financial year-end. Internally developed computer software is recorded as an intangible asset if, among other requirements (basically the Bank’s ability to use or sell it), it can be identified and its ability to generate future economic benefits can be demonstrated. Expenditure on research activities is recorded as an expense in the year in which it is incurred and cannot be subsequently capitalized. (i) Software The software acquired by the Bank is recognized at cost less the accumulated amortization and impairment, if any. The expenses in software developed internally are recorded as assets when the Bank is capable of proving its intention and ability to complete development, when internal use will generate future economic benefits, and when the cost of completing its development can be reliably measured. The capitalized costs of the software developed internally include all the direct costs attributable to the development of the software, and it is amortized over the course of its useful life. Software developed internally is recorded at cost less the accumulated amortization and losses from impairment. The subsequent expenditures associated with the asset are capitalized only when future economic benefits from them will flow to the entity. The rest of the expenditures are recognized in income. Intangible assets are amortized on a straight-line basis over their estimated useful life; starting on the date it is ready for use. (ii) Generated in a business combination According to IFRS 3 “ Business combinations As set forth by IAS 38 “ Intangibles Assets Business combinations In connection with the aforementioned, the business combination between Itaú Chile y Corpbanca gave rise to intangible assets and Goodwill as indicated in Note 13 “Intangible Assets”. (iii) Other identifiable intangibles Correspond to those intangible assets that can be identified, the Bank controls them, can be reliably measured and it is probable that future benefits will flow to the Bank. |
Factoring transactions | s) Factoring transactions The Bank performs operations with their clients, in which they receive invoices and other credit representative trading instruments with or without recourse to the transferor, anticipating a percentage of the total amount receivable of the borrower upon collection. These transactions are valued at the disbursed amounts by the Bank in exchange for invoices or other credit representative trading instruments. The price differences between the disbursed amounts and the nominal amount of the documents are recorded in the Consolidated Statement of Income as interest income applying the effective interest rate method, over the term of the transaction. The responsibility of payment remains with the client (assignor). |
Leasing transactions | t) Leasing transactions Accounts receivable for lease contracts, included as “Loans and accounts receivable form customers” correspond to installments for contracts that qualify as financial leases and are presented at nominal amounts net of unearned interest at year end. When the Bank is the lessor in a lease contract and transfers substantially all risks and rewards of the asset, the transaction is included as a loan. Leased assets between consolidated entities are considered as assets for own use in the Consolidated Financial Statements. (i) Finance leases Finance leases are leases that substantially transfer all the risks and rewards incidental to ownership of the leased asset to the lessee. The Bank recognized as lending to third parties under “Loans and accounts receivable from customers” in the Consolidated Statement of Financial Position the sum of the present value of the lease payments receivable from the lessee, including the exercise price of the lessee’s purchase option at the end of the lease term, when at the inception of the lease it is reasonably certain that the lessee will exercise the option. When consolidated entities act as lessees, the leased assets are classified based on their nature in the Consolidated Statement of Financial Position, and recognizing an asset and liability at the same amount (the lower between the fair value of the leased property and the present value of the minimum lease payments, plus purchase option). These assets are depreciated in accordance with property, plant and equipment for own use criteria. In both cases, income and expenses arising from these contracts are recorded under “Interest income” and “Interest expense”, respectively, in Consolidated Statement of Income to achieve constant return rate over the lease term. (ii) Operating leases In operating leases, ownership of the leased asset and substantially all the risks and rewards incidental thereto remain with the lessor. When the consolidated entities act as lessor, the leased assets are classified at their acquisition cost under “Property, plant and equipment”. The depreciation criterion for these assets is consistent with that for similar items of property, plant and equipment held for own use and revenues from operating leases is recorded on a straight line basis under “Other operating income” in the Consolidated Statement of Income. When the consolidated entities act as the lessees, the lease expenses, including any incentives granted by the lessor, are charged on a straight line basis to “Administrative expenses” in the Consolidated Statement of Income. |
Expected credit losses allowance - under IFRS 9 | u) Expected credit losses allowance – under IFRS 9 Starting from January 1, 2018, the Bank replaced the “incurred loss” model of IAS 39 with an “expected credit loss (ECL)” model established by IFRS 9. The new impairment model applies to all financial assets measured at amortized cost and debt securities measured at fair value through other comprehensive income (FVOCI), including commitment and contingent loans. Investments in equity are outside of the scope of the new impairment requirements. The Bank accounted ECL related to financial assets measured at amortized cost as a loss allowance in the statements of financial position, but the carrying amount of these assets is stated net of the loss allowance. ECL related to contingent loans is accounted for as a provision in the statements of financial position. The Bank recognizes in profit or loss, as an impairment gain or loss, the amount of ECL (or reversal) that was required to adjust the loss allowance at the reporting date to the amount that is required to be recognized in accordance IFRS 9, for financial assets measured at amortized cost and contingent loans. The new model uses a dual measurement approach, under which the loss allowance is measured as either: • 12-month • Lifetime expected credit losses The Bank has defined default on an individual or collective basis as follows: • Individual: written-off. • Collective: For collective assessment purposes, financial assets are grouped based on characteristics of shared credit risk, considering the type of instrument, credit risk classifications, initial recognition date, remaining term, industry, geographical location of the counterparty, among other significant factors. An instrument is considered to be no longer in default when it no longer meets the default criteria for a consecutive period between 4-11 The ECL measurement basis depends on whether there has been a significant increase in credit risk since initial recognition. Based on changes in credit quality since initial recognition, IFRS 9 outlines a “three-stage” model impairment in accordance with the following diagram: Change in credit quality since initial recognition Stage 1 Stage 2 Stage 3 Initial recognition Significant increase in credit risk (“SICR”) since initial recognition Credit impaired assets 12-month Lifetime expected credit losses Lifetime expected credit losses The Bank, at the end of each reporting period, evaluates whether a financial instrument’s credit risk has significantly increased since initial recognition or whether an asset is considered to be credit-impaired, and consequently classify financial instrument in the respective stage: • Stage 1: • Stage 2: • Stage 3: The Banks assessment of a SICR and the calculation of ECL both incorporate forward-looking information. The Bank performs historical analysis and identify the key economic variables that impacts credit risk and ECL for each portfolio. These can include GDP, inflation, interest rates, and unemployment, among others. Where applicable, we incorporate these economic variables and their associated impacts into our models. Credit risk assessment and forward looking information (including macro-economic factors), includes quantitative and qualitative information based on the Bank’s historical experience, some examples are: a. Financial or economic conditions that are expected to cause a significant change in the borrower’s ability to meet its debt obligations b. An actual or expected internal credit rating downgrade for the borrower or decrease in behavioral scoring c. An actual or expected significant change in the operating results of the borrower. d. Significant increases in credit risk on other financial instruments of the same borrower. e. Significant changes in the value of the collateral supporting the obligation or in the quality of third-party guarantees or credit enhancements. f. Reductions in financial support from a parent entity or other affiliate. g. Expected changes in the loan documentation including an expected breach of contract that may lead to covenant waivers or amendments, interest payment holidays, interest rate step-ups, The Bank has considered that if contractual payments are more than 30 days past due, the credit risk is deemed to have increased significantly since initial credit recognition, but is not an absolute indicator. The bank did not rebut the backstop presumption of IFRS 9 relating to SICR or default. i. Expected credit loss measurement The ECL are the probability-weighted estimate of credit losses, i.e. the present value of all cash shortfalls. A cash shortfall is the difference between the cash flows that are due to an entity in accordance with the contract and the cash flows that the entity expects to receive. The three main components to measure the ECL are: PD: LGD: EAD: For measuring 12-month • 12-month • Lifetime expected credit losses: the expected credit losses that result from all possible default events over the expected life of the financial instrument. The Bank considered a multi-factor analysis to perform credit risk analysis. The type of portfolio or transactions, and whether individually or collectivelly assessed. The Bank divides its portfolio in commercial loans, mortgage loans, consumer loans and contingent loans. The Bank assesses individually whether objective evidence of impairment exists for loans that are individually significant, then collectively assesses loans that are not individually significant and loans which are significant but for which there is no objective evidence of impairment available under individually assessment. ii. Contingent loans The Bank enters into various irrevocable loan commitments and contingent liabilities. Even though these obligations may not be recognized on the statements of financial position, they contain credit risk and, therefore, form part of the overall risk of the Bank. When the Bank estimates the ECL for contingent loans, it estimates the expected portion of the loan commitment that will be drawn down over its expected life. iii. Forward looking information The ECL model includes a broad range of forward looking information as economic inputs, such as: • GDP growth • Unemployment rates • Central Banks interest rates • Real estate prices iv. Modifications of financial assets When a loan measured at amortized cost has been renegotiated or modified but not derecognized, the Bank recognizes the resulting gains or losses as the difference between the carrying amount of the original loans, and modified contractual cash flows discounted using the EIR before modification. For ECL estimation purposes of financial assets that have been modified, the Bank is required to distinguish between modification that result in derecognition from those that does not result in derecognition. If the modification does not result in derecognition, then the subsequent assessment of whether there is a significant increase in credit risk is made comparing the risk at the reporting date based on the modified contractual term and the risk at initial recognition based on the original, unmodified contractual term. If the modification results in derecognition, then the modified asset is considered to be a new asset. Accordingly, the date of modification is treated as the date of initial recognition for the purposes of the impairment requirements. v. Collateral The Banks seeks to use collateral to mitigate its credit risks on financial assets, where possible. Types of collateral are cash, securities, letters of credit, real estate and inventories. The Bank’s accounting policy for collateral assigned to it through its lending arrangements under IFRS 9 is the same is it was under IAS 39. Collateral, unless repossessed, is not recorded on the Bank’s statements of financial position. However, the fair value of collateral affects the calculation of ECLs. The main collateral associated to mortgage loans are real estate, which are valued based on data provided by specialized third parties. The estimation of ECL reflects the cash flows expected from collateral and other credit enhancement that are part of the contractual terms of the financial instruments. According to the Bank’s policy when an asset (real estate) is repossessed, it is transferred to assets held for sale at its fair value less cost to sell and classified as non-financial i) Guarantees Financial guarantee contracts are contracts that require the issuer to make specified payments to reimburse the holder for a loss it occurs because a specified debtor fails to make payments when due, in accordance with the terms of a debt instruments. Such financial guarantees are given to banks, financial institutions and others on behalf of customers to secure loans, overdrafts and other banking facilities. Financial guarantee contracts are initially measured at fair value and subsequently measured at the higher of: • The amount of the loss allowance (calculated as described in note 28); and • The premium received on initial recognition less income recognized in accordance with the principles of IFRS 15. Loan commitments provided by the Bank are measured as the amount of the loss allowance (calculated as described in note 28). The Bank has not provided any commitment to provide loans at a below-market interest rate, or that can be settled net in cash or by delivering or issuing another financial instrument. For loan commitments and financial guarantee contracts, the loss allowance is recognized as a provision. However, for contracts that include both a loan and an undrawn commitment and the Bank cannot separately identify the expected credit losses on the undrawn commitment component from those on the loan component, the expected credit losses on the undrawn commitment are recognized together with the loss allowance for the loan. To the extent that the combined expected credit losses exceed the gross carrying amount on the loan, the expected credit losses are recognized as a provision. vi. Charge-offs The gross carrying amount of a financial asset is reduced when there is no reasonable expectation of recovery. A charge-off past-due charge-off). Subsequent recoveries of amounts previously charge-off charged-off, Loan and accounts receivable charge-offs are recorded for overdue and current installments based on the time periods expired since reaching overdue status, as described below: Type of loan Term Consumer loans with or without collateral Other transactions without collateral Commercial loans with collateral Mortgage loans Consumer leasing Other non-mortgage Mortgage leasing (household and business) 6 months 24 months 36 months 48 months 6 months 12 months 36 months |
Allowance for loan losses - under IAS 39 | v) Allowance for loan losses – under IAS 39 Up to December 31, 2017, the Bank established allowances to cover incurred losses on loans and account receivables from customers in accordance with its internal models and risk assessment. The Bank performed an assessment of the risk associated with loans and accounts receivable from customers to determine their allowance for loan losses as described below: • Individual assessment - represented cases where the Bank assesses a debtor as individually significant, or when he/she could not be classified within a group of financial assets with similar credit risk characteristics, due to their size, complexity or level of exposure. • Group assessment - a group assessment was relevant for analyzing a large number of transactions with small individual balances from individuals or small companies. The Bank grouped debtors with similar credit risk characteristics giving to each group a default probability and recovery rate based on a historical analysis. The Bank models determined allowances and provisions for loan losses according to the type of portfolio or transactions. Loans and accounts receivables from customers were divided into three categories: i. Commercial loans, ii. Mortgage loans, and iii. Consumer loans. The models used to determine credit risk allowances are described as follows: I. Allowances for individual assessment An individual assessment of commercial debtors was necessary in the case of companies which, due to their size, complexity or level of exposure regarding the entity, must be known and analyzed in detail. For the purposes of establishing its provisions, the Bank assigned a risk category to each debtor, their loans and contingent loans. The risk factors considered were: industry or economic sector of the borrower, owners or managers of the borrower, their financial situation and payment capacity, and payment behavior. For individually analyzed commercial loans, we used a risk classification process that combined parametrical variables with expert judgment, to assign risk categories to each individually analyzed customer. This process considered financial risk factors such as profitability, payment ability and financial indebtedness, and qualitative risk factors such as the economic sector in which the customer develops its activities, the management and experience of the owners, and its historical payment behavior. As a result of this classification process, we differentiated the normal loans from the impaired ones, identifying three mayor categories: 1. Customers classified in risk categories A1, A2, A3, A4, A5 or A6. These customers were current or have less than 30 days overdue on their payment obligations and showed no significant signs of deterioration in their credit quality. 2. Customers classified in risk categories B1, B2, B3 or B4. These customers were overdue between 30 and 89 days on their payment obligations, thus showing a certain level of deterioration in their credit quality. 3. Customers classified as C1, C2, C3, C4, C5 or C6. This portfolio included customers whose loans with us have been in default (over 90) or were managed by a specialized collection area. For loans classified as A1, A2, A3, A4, A5, A6, B1, B2, B3 and B4, we assigned a specific allowance percentage on an individual basis to each rating. The amount of the allowance for loan losses was determined based on debt servicing capacity, the company’s financial history, solvency and capacity of shareholders and management and projections for the industry sector in which the customer operates. There was a determined allowance percentage by group of customers with similar characteristics (i.e., A1, A2, A3, A4, A5, A6, B1, B2, B3 and B4). Estimated Incurred Loan Loss = Allowance for Loan Losses The Estimated Incurred Loan Loss (EIL) was determined by multiplying the risk factors as defined in the following equation: EIL = EAD X PD X LGD X LIP EAD = Exposure at Default PD = Probability of Default LGD = Loss Given Default LIP = Loss Identification Period Estimated Incurred Loss (EIL) meant the amount of impairment losses that were incurred, only if there was objective evidence that the estimated future cash flows of the financial asset or group of financial assets was impaired as a result of a loss event. Exposure at Default (EAD) was the loan amount outstanding at the balance sheet date that was considered in the calculation and not any future movements and drawdowns. Probability of Default (PD) meant the probability, expressed as a percentage that a customer will default within the next 12 months. This percentage was associated with the rating that given to each client. Loss Identification Period (LIP) meant the period between the time at which the event occurred and the date when the entity identified it. Loss Given Default (LGD) meant the effective loss rate given for default to customers in the same risk category, which was determined statistically based on the historical effective losses. Allowances for loan losses for each C risk category were based mainly on the value of the collateral, adjusted for the estimated expenses associated with the recovery and asset sale discounted by the effective interest rate. The allowance percentage for each category was then based mostly on the level of collateral. II. Allowances for group assessments The Bank used the concept of estimation of incurred loss to quantify the allowances levels over the group-evaluated portfolios, considering the risk and the guarantees associated with each transaction. Following the Bank’s definition, the Bank used a group evaluation to approach transactions that have similar credit risk features, which indicated the debtor’s payment capacity over the entire debt, principal and interests, pursuant to the contract’s terms. In addition, this allowed us to assess a high number of transactions with low individual amounts, whether they belong to individuals or SMEs (small and medium sized companies). Therefore, debtors and loans with similar features were grouped together and each group has a risk level assigned to it. These models were meant to be used mainly to analyze loans granted to individuals (including consumer loans, credit lines, mortgage loans and commercial loans) and commercial loans to small to middle-sized Allowances were established using these models, taking into account the historical Impairment and other known circumstances at the time of evaluation. After this, a historical loss rate was assigned to each portfolio profile constituting each evaluated group. Allowances for group-evaluated loans were established based on the credit risk of the profile to which the loan belongs. The method for assigning a profile was based on statistical building method, establishing a relation through logistic regression of various variables, such as payment behavior in the Bank, payment behavior outside the Bank, various sociodemographic data, among others, and a response variable that determined a client’s risk level, which in this case was 90 days of non-performance The different risk categories were constructed and updated periodically based on the payment behavior of the client’s profile to which they belong, as well as his or her sociodemographic characteristics. Therefore, when a customer had past due balance or has missed some payments, the outcome was that the customer will move to a different segment with a higher loss rate, therefore capturing current trends for each risk profile. Allowance quantification, once the customers were classified, was the product of three factors: exposure (EXP), Probability of Non- The estimated incurred loss rates for group-evaluated loans corresponded to charge-offs net of recoveries. The methodology established the period in which the estimated incurred loss for each risk profile emerges. Once the was considered as incurred, the estimated incurred loss rates were applied to the corresponding risk profile to obtain the net charge-off charge-off To determine the estimated incurred loss for commercial and mortgage loans collectively evaluated for impairment, we mainly analyzed the payment behavior of clients, particularly the payment behavior of clients with payments that are more than 90 days overdue, clients with other weaknesses, such as early nonperformance (i.e., payments that are past-due, In connection with mortgage loans, historical net charge-offs were considered in the model to calculate loss rates for loans collectively evaluated for impairment. The risk categories were such that when a customer has a past-due Our models for loans analyzed on a group basis (consumer loans, residential mortgage loans and small-and-mid- For allowances calculation purposes, guarantees were treated according to the following, as applicable: 1) Collateral and guarantees 2) Property guarantees. 3) Financial guarantees. Leased assets Estimated losses when establishing allowances based on the assessment method corresponding to each debtor, considered the amount that would have been obtained if the leased asset was sold, taking into account any potential impairment for the assets in case of debtor’s default and the related recovery and relocation expenses. Factoring operations Establishing allowances for factoring operations considered as counterparty the entity ceding rights over the endorsed in favor of the Bank when the cession was recourse for the latter, and to the debtor when the cession has been made without recourse. III. Charge-offs As a general rule, charge-offs should be done when all collection efforts have been exhausted. These charge-offs consisted of derecognition from the Consolidated Statements of Financial Position of the corresponding loans transactions in its entirety, and, therefore, included portions not past due of a loan in the case of installments loans or leasing transactions (no partial charge-offs exist). Subsequent payments obtained from charged-off charged-off. Loan and accounts receivable charge-offs were recorded for overdue and current installments based on the time periods expired since reaching overdue status, as described below: Type of loan Term Consumer loans with or without collateral Other transactions without collateral Commercial loans with collateral Mortgage loans Consumer leasing Other non-mortgage Mortgage leasing (household and business) 6 months 24 months 36 months 48 months 6 months 12 months 36 months IV. Recovery of loans previously charged off and accounts receivable from customers Any payment agreement of an already charged-off charged-off. Recovery of previously charged-off In accordance with our charge-off charged-off charged-off |
Income taxes and deferred taxes | w) Income taxes and deferred taxes The Bank has recognized an expense (income) arising from gains or losses for each year, according to the applicable taxation rules for each country or jurisdiction it operates. The Bank records, when appropriate, deferred tax assets and liabilities for the estimated future tax effects attributable to differences between the carrying amount of assets and liabilities and their tax bases. The measurement of deferred tax assets and liabilities is based on the tax rate, in accordance with the applicable tax laws, using the tax rate that applies to the period when the deferred asset and liability will be settled. The future effects of changes in tax legislation or tax rates are recorded in deferred taxes beginning on the date on which the law is enacted or substantially enacted. |
Provisions and contingent assets and liabilities | x) Provisions and contingent assets and liabilities When preparing the financial statements of the consolidated entities, the Bank’s directors made a distinction between: Provisions: credit balances covering present obligations at the reporting date arising from past events which could give rise to a loss for the consolidated entities, which is considered to be more likely than not to occur and certain as to its nature but uncertain as to its amount and/or timing. Contingent liabilities: possible obligations that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence Contingent assets: possible assets that arise from past events and whose existence is conditional on, and will be confirmed only by, the occurrence or non-occurrence The Group’s consolidated financial statements include all the material provisions with respect to which it is considered that it is more likely than not the obligation will have to be settled. In accordance with accounting standards, contingent liabilities must not be recognized in the consolidated financial statements, but must rather be disclosed in the notes. Provisions, which are quantified on the basis of the best information available on the consequences of the event giving rise to them and are reviewed and adjusted at the end of each year, are used to cater for the specific obligations for which they were originally recognized. Provisions are fully or partially reversed when such obligations cease to exist or are reduced. Provisions are classified according to the obligations covered as follows (See Note 20): Provision for pensions and similar obligations: includes the amount of all the provisions made to cover post-employment benefits, including obligations to pre-retirees Provisions for contingent liabilities and commitments: include the amount of the provisions made to cover contingent liabilities -defined as those transactions in which the Group guarantees the obligations of a third party, arising as a result of financial guarantees granted or contracts of another kind- and contingent commitments -defined as irrevocable commitments that may give rise to the recognition of financial assets. Provisions for taxes and other legal contingencies and other provisions: include the amount of the provisions recognized to cover tax and legal contingencies and litigation and the other provisions recognized by the consolidated entities. Other provisions includes, inter alia, any provisions for restructuring costs and environmental measures. |
Employee benefits | y) Employee benefits Short-term benefits Correspond to personnel benefits (other than termination benefits) that are expected to be settled within twelve months after year end over which the employees have rendered their services. These are recognized when the employee has rendered the service and are measured at the undiscounted amount of benefits expected to be paid in exchange for that service: • as a liability (accrued expense), after deducting any obligation already satisfied. If the amount already paid is higher than the gross amount of the benefits, the Bank will recognize this excess as an asset (amount paid in advance), when it represents a reduction of future payments or a recoverable amount in cash. • as an expense when the entity consumes the economic benefit arising from the service provided by an employee in exchange for employee benefits, unless other IFRS requires or allows the recognition of those disbursements as part of the cost of an asset. Personnel vacations The annual cost of personnel vacations and benefits are recognized on an accrual basis. Post-employment benefits Correspond to employee benefits (other than termination benefits and short-term employee benefits) that are expected to be settled after the completion of employment. Post-employment benefits plans are agreements, formal and informal, in which the Bank is committed to provide benefits to one or more employees after termination of their employment. Plans providing these benefits are classified as either defined contribution plans or defined benefit plans, depending on the economic substance of the plan as derived from its principal terms and conditions. Other long-term benefits These are all employee benefits other than short-term employee benefits, post-employment benefits and termination benefits. Measurement is similar to defined benefit plans. Termination benefits Termination benefits are employee benefits provided in exchange for the termination of an employee’s employment, as a consequence of: • a decision of the entity to terminate the employee’s employment before the normal termination date; or • the decision of an employee to accept an offer with benefits in order to terminate the employment before the normal termination date. An entity recognizes a liability and expense for termination benefits at the earlier of the following dates: • when the entity can no longer withdraw the offer of those benefits; and • when the entity recognizes costs for a restructuring that is within the scope of IAS 37 “ Provisions, Contingent Liabilities and Contingent Assets |
Provision for mandatory dividends | z) Provision for mandatory dividends The Bank recorded a provision for mandatory dividends calculated as a portion of income for the year in order to comply with dispositions of the Chilean Corporations Act (Ley de Sociedades Anónimas) which requires to distribute at least 30% of income of the year, consistent with the Bank’s internal policy. As of December 31, 2018 and 2017 the Bank provisioned 30% of its income for the year. This provision is recorded, as a deducting item, under the “Retained earnings – provision for mandatory dividends” line of the Consolidated Statement of Changes in Equity. In the Bank’s bylaws, title VII, it is established that the Bank should distribute annually as a dividend to its shareholders, as a proposal of the Board of Directors and based on the number of shares, at least thirty percent (30%) of the net income of the year. Furthermore, no dividends distribution will take place if there are equity losses (negative reserves) until these losses are recovered or if a dividend distribution will cause a non-compliance For all matters related to dividends distributions, the Bank is subject to the terms incorporated in the Transaction Agreement (dated January 29, 2014 and its subsequent modifications), which was approved by the Ordinary Shareholders Meeting (dated March 11, 2016). |
Assets received or awarded in lieu of payment | aa) Assets received or awarded in lieu of payment Assets received or awarded in lieu of payment of loans and accounts receivable from clients are recognized at their fair value (as determined by an independent appraisal). A price is agreed upon by the parties through negotiation or, when the parties do not reach an agreement, at the amount at which the Bank is awarded those assets at a judicial auction. In both cases, an independent appraisal is performed. The excess of the outstanding loan balance over the fair value is charged to net income for the year, under “Provision for loan losses”. Any excess of the fair value over the outstanding loan balance, less costs to sell of the collateral, is returned to the client. These assets are subsequently adjusted to their net realizable value less cost to sale, and the difference between the carrying value of the asset and the estimated fair value less costs to sell is charged to income, under “Other operating expenses”. |
Customer loyalty programs | bb) Customer loyalty programs The Bank maintains a loyalty program to provide incentives to its customers, allowing them to purchase goods or services with certain benefits which are granted through credit cards issued by the Bank when they purchase according to the conditions established for each loyalty program. The Bank has an adequate level of provisions in order comply with its current obligations and to properly reflect the associated expense when providing the benefits. |
Non- current assets held for sale (in "Other Assets") | cc) Non- Non-current re-measured Impairment losses in initial classification of non-current |
Earnings per share | dd) Earnings per share Basic earnings per share are determined by dividing the net income attributable to the equity holders of the Bank for the reported period by the weighted average number of shares outstanding during the reported period. Diluted earnings per share are determined in the same way as basic earnings, but the weighted average number of outstanding shares is adjusted to take into consideration the potential diluting effect of stock options, warrants, and convertible debt. As of December 31, 2018, 2017 and 2016 the Bank did not have any instruments that generated dilution. |
Consolidated Statement of Cash Flows | ee) Consolidated Statement of Cash Flows The Bank presents cash flows from operating activities, investing activities, and financing activities in a manner that best represent the nature of its activities. The classification of cash flows into the aforementioned categories provides information that allows users to evaluate the impact of the transactions in the financial position of the Bank, as well as over the ending balance of cash and cash equivalents. This information can be also useful when evaluating the relation between those activities (IAS 7). For the preparation of the cash flow statement, the indirect method was used, starting with the Bank’s consolidated pre-tax non-cash For the preparation of the cash flow statement, the following items are considered: • Cash flows • Operating activities • Investing activities Financing activities For cash flow statement purposes, it has been considered as cash and cash equivalents amounts included in “Cash and deposits in Banks” plus the net amount of cash items in process of collection, plus trading investment and FVTOCI / available for sale investment instruments highly liquid and minimal value change risk which due date is less than three months since the acquisition date and investments under resale agreements under the same terms. Includes also investments in fixed income mutual funds which are presented under FVTPL / trading investments in the Consolidated Statement of Financial Position. The amounts for cash and cash equivalents and the corresponding reconciliation to the Consolidated Statement of Cash Flows are detailed in Note 5 “Cash and Cash Equivalents”. The provision for loan losses included under the operating activities section differs from the amount presented in the Consolidated Statement of Income, because such amount excludes recoveries of transactions previously charged-off |
Consolidated Statement of Changes in Equity | ff) Consolidated Statement of Changes in Equity The Consolidated Statement of Changes in Equity presents all movements affecting net equity, including those originated by accounting changes or errors recognition. This statement shows a conciliation between opening and ending balances for the year for all items that form part of consolidated equity, grouping transactions based on their nature, according to the following: • Adjustments due to accounting changes and errors recognition: Includes changes in equity arising as a consequence of restating amounts previously reported in the Consolidated Financial Statements resulting from accounting changes or error recognition. • Net comprehensive income for the year: Includes, in an aggregated manner, net income for the year and other comprehensive income for the year. • Other changes in equity: Includes retained earnings distributions, equity increases, provision for mandatory dividends, dividends paid, among other increases or decreases in consolidated equity. This information is presented in two statements: The Consolidated Statement of Other Comprehensive Income and the Consolidated Statement of Changes in Equity. |
Consolidated Statement of Other Comprehensive Income | gg) Consolidated Statement of Other Comprehensive Income In the Consolidated Statement of Other Comprehensive Income are presented income and expenses generated by the Bank as a consequence of its regular activities during the year, clearly identifying those recorded in profit and loss from those recorded in net equity. Due to this, in this statement the following is shown: • Income for the year. • Net amount of income and expenses recorded in equity as “Valuation accounts”. • Deferred income taxes originated by transactions described above, except for those amounts related to exchange differences from foreign net investments. Total amount of consolidated income and expenses recorded attributable to the equity holders of the Bank, calculated as the sum of the items listed above, is presented separately from non-controlling |
New accounting pronouncements introduced by IASB | hh) New accounting pronouncements introduced by IASB 1) Standards and interpretations that have been adopted in these Consolidated Financial Statements 1.1 IFRS 9 “ Financial Instruments ” On 1 January 2018, Itaú Corpbanca and subsidiaries adopted IFRS 9 ‘Financial Instruments’ (IFRS 9). The new or revised accounting policies are set out below. The impact of applying IFRS 9 is disclosed in Note 2. The accounting policy changes for IFRS 9, set out below, have been applied from 1 January 2018. Comparatives have not been restated. As a result of the change from IAS 39 to IFRS 9, some disclosures presented in respect of certain financial assets are not comparable because their classification may have changed between as a result of the adoption of the new standard. This means that some IFRS 9 disclosures are not directly comparable and some disclosures that relate to information presented on an IAS 39 basis are no longer relevant in the current period. As explained in Note 2, the classification and measurement changes to financial assets that arose on adoption of IFRS 9 are aligned to the presentation in the Consolidated Statement of Financial Position. The Bank decided to continue adopting IAS 39 hedge accounting requirements and consequently there have been no changes to the hedge accounting policies and practices following the adoption of IFRS 9. However, additional hedge accounting disclosure requirements of IFRS 7 ‘Financial Instruments: Disclosures’ (IFRS 7) were included in these Consolidated Financial Statements. In addition, new categories of financial instruments in accordance with IFRS 9 are presented in the Consolidated Statement of Financial Position as of December 31, 2018, as explained in detail in Note 2 to the Consolidated Financial Statements. 1.2 IFRS 15 “ Revenues from contracts with customers ” On May 28, 2014, the IASB issued IFRS 15, which provides a single model to account for revenues from contracts with customers based on principles, through five steps that will be applied to all contracts with customers, i) contract identification, ii) performance obligations identification, iii) transaction price determination, iv) allocating the transaction price to performance obligations, v) recognize income when (or as) the entity satisfies a performance obligation. Initially, IFRS 15 was to be applied in the first annual financial statements under IFRS for the year beginning on or after January 1, 2017, however, its entry into force has been deferred for annual periods beginning on or after January 1, 2018. The application of the standard is mandatory and its early adoption is permitted. The adoption of this standard had no significant impact on the Consolidated Financial Statements. See Note 2. 1.2 Clarifications to IFRS 15 “ Revenues from contracts with customers ” Issued on April 12, 2016, clarifies and offers some alternatives for the transition process. The subject are related with identification of performance obligations, principal and agent considerations and licenses. This modifications shall be applied to annual periods beginning on January 1, 2018. Early adoption is allowed. The adoption of this standard had no significant impact in the Consolidated Financial Statements. 1.3 Amendment to IFRS 2, “ Share-based Payment ” – Classification and measurement of transactions Issued on June 20, 2018, it presents the following subjects: • Accounting of payments transactions based on shares settled in cash that includes a performance condition. • Classification of payment transactions based on shares with balance compensation features. • Accounting for changes in payment transactions based on shares that have been settled in cash and settled in equity instruments. This amendment applies prospectively since January 1, 2018. The early adoption is allowed. The adoption of this standard had no significant impact in the Consolidated Financial Statements. 1.4 IFRIC 22 “ Foreign Currency Transactions and Advance Consideration ” Issued on December 8, 2016, it is applies to a transaction in foreign currency (or a part of it) when an entity recognizes a non-financial non-financial Its adoption is mandatory for periods beginning on or after January 1, 2018. The adoption of this standard had no significant impact in the Consolidated Financial Statements. 1.5 Amendment to IAS 40 “ Investment Property ”, in relation to investments property transfers. Issued in December 2016, it clarifies when there is a transfer to, or from, investment property. This amendment is effective for periods beginning in or after January 1, 2018. The adoption of this standard had no significant impact in the Consolidated Financial Statements. 1.6 Annual improvements - Cycle 2014 - 2016 The document covers the following standards, which begin after January 1, 2018: • Amendment to IFRS 1 “ First-time Adoption of International Financial Reporting Standards It is related to the suspension of short-term exceptions for adopters for the first time with respect to IFRS 7, IAS 19 and IFRS 10. The Bank’s Administration analyzed in detail this amendments and concludes that it does not apply, since the IFRS will not be transitioned for the first time in the mandatory year of the amendment. • Amendment to IAS 28, “ Investments in Associates and Join Ventures In relation to the measurement of the associate or joint venture at fair value. The Bank’s Management concluded that this amendment does not apply, since neither the Bank nor its subsidiaries have joint ventures. The adoption of this standard had no significant impact in the Consolidated Financial Statements. 2) Standards and interpretations that have not been adopted in these Consolidated Financial Statements 2.1 IFRS 16 “ Leases” On January 13, 2016, the IASB published a new standard, IFRS 16 “ Leases The Bank’s management evaluated the impact of the adoption of this new standard through the valuation of its lease agreements, recording an asset for right-of-use 2.2 IFRIC 23 “ Uncertainly over Income Tax Treatments ” Issued on June 7, 2017, it aims to reduce the diversity in how companies recognize and measure a tax liability or a tax asset when there is uncertainty about the treatment of income tax. The Interpretation deals with how to reflect the uncertainty in accounting for income taxes being applicable to the determination of the tax base (tax loss), tax bases, unused tax losses, tax credits not used and tax rates when there is uncertainty about tax treatments under IAS 12. An entity shall apply this Interpretation for the annual reporting periods as of January 1, 2019. Early application is permitted, and this fact must be disclosed. Management do not expect that the adoption of this standard will have significant impact in the Consolidated Financial Statements. 2.3 Amendment to IFRS 9 “ Financial instruments ” Issued on October 17, 2017, this amendment allows more assets to be measured at amortized cost than in the previous version of IFRS 9, in particular some prepaid financial assets with negative compensation. Qualifying assets, which include some loans and debt securities that would otherwise have been measured at fair value through profit or loss (FVTPL). To qualify for the amortized cost, the negative compensation must be “reasonable compensation for the early termination of the contract”. The amendments are effective for annual periods beginning on January 1, 2019. According to Management the adoption of this amendment is not expected to have significant impact in the Consolidated Financial Statements. 2.4 Amendment to IAS 28 “ Investments in Associates and Join Ventures ” Issued on October 17, 2017, this amendment clarifies that companies that account for long-term investments in an associate or joint venture -where the equity method is not applied- using IFRS 9. The Board has published an example which illustrates how companies apply the requirements of IFRS 9 and IAS 28 to long-term interests in an associate or a joint venture. The amendments are effective for annual periods beginning on January 1, 2019. These modifications do not apply because neither the Bank nor its subsidiaries have joint ventures. 2.5 Annual improvements – Cycle 2015- 2017 Amendment issued on December 2017 introduces the following improvements: • IFRS 3 “ Business Combinations ”/ IFRS 11 “ Joint Arrangements ” – • IAS 12 “ Income Taxes ” – • IAS 23 “ Borrowing Costs ” – This amendment is effective for annual periods beginning on or after January 1, 2019. These amendments / new pronouncements have no impact in the Consolidated Financial Statements. 2.6 Amendment to Conceptual Framework In March, 2018, the International Accounting Standards Board (IASB) issued a complete set of concepts for the presentation of financial reports, the revised Conceptual Framework for financial information, replacing the previous version of the Conceptual Framework issued in 2010. The revised Conceptual Framework has an effective date from January 1, 2020. The Bank’s Management is evaluating the potential impact of the adoption of these amendments/ new pronouncements in its Consolidated Financial Statements. 2.7 Amendment to IAS 19 “ Employees benefits” – Reduction or liquidation In February 2018, the International Accounting Standards Board (IASB) issued the Amendment, Reduction or Settlement of the Plan (Amendments to IAS 19). Modifications to accounting when a modification, reduction or liquidation of the plan occurs. The amendments are effective for annual periods beginning on January 1, 2019. These amendments/new pronouncements had no impact in the Consolidated Financial Statements. 2.8 Amendment to IFRS 3 “ Business Combination ” – Business definition In October 2018, the International Accounting Standards Board (IASB) issued the Definition of a business to enable companies to decide whether the activities and assets they acquire are a business or simply a group of assets. Reducing the definitions of a company by focusing the definition of products on goods and services provided to customers and other income from ordinary activities, instead of providing dividends or other economic benefits directly to investors or reducing costs. Amendment to IFRS 3 or has a validity date from January 1, 2020. The Bank’s Management is evaluating the potential impact of these amendments / new pronouncements in its Consolidated Financial Statements. 2.9 Amendment to IAS 1 “ Presentation of Financial Statements ” and IAS 8 “ Accounting Policies, Changes in Accounting Estimates and Errors ” In October, 2018, the IASB issued amendments to the aforementioned standards to align the definition of materiality across the standards and the Conceptual Framework for Financial Information. These amendments clarity the explanation of the definition of material and incorporate some of the guidance in IAS 1 on intangible information. The amendments are effective for annual periods beginning on January 1, 2020. The Bank’s Management is evaluating the potential impact of the adoption of these amendments / new pronouncements in its Consolidated Financial Statements. |
IFRS9 [member] | |
Statement [LineItems] | |
Classification and measurement of financial instruments - under IAS 39 (for years ended up to December 31, 2017) | k) Classification and measurement of financial instruments – under IFRS 9 (first adoption) Financial instruments must be classified and measured in accordance with IFRS 9 starting from January 1, 2018, which established guidance for the financial reporting of financial assets and financial liabilities that will present relevant and useful information to users of financial statements for their assessment of the amounts, timing and uncertainty of an entity’s future cash flows. |
IAS 39 [member] | |
Statement [LineItems] | |
Classification and measurement of financial instruments - under IAS 39 (for years ended up to December 31, 2017) | l) Classification and measurement of financial instruments – under IAS 39 (for years ended up to December 31, 2017) I. Definitions A “financial instrument” is any contract that gives rise to a financial asset of one entity, and a financial liability or equity instrument of another entity. An “equity instrument” is a legal transaction that evidences a residual interest in the assets of an entity deducting all of its liabilities. A “financial derivative” is a financial instrument whose value changes in response to the changes in an underlying observable market variable (such as an interest rate, a foreign exchange rate, a financial instrument’s price, or a market index, including credit ratings), whose initial investment is very small compared with other financial instruments having a similar response to changes in market factors, and which is generally settled at a future date. “Hybrid financial instruments” are contracts that simultaneously include a non-derivative II. Classification of financial assets for measurements purposes Financial assets were classified into the following specified categories: trading investments at fair value through profit or loss (FVTPL), ‘held to maturity investments’, ‘available for sale investments (AFS)’ and ‘loans and accounts receivable from customers’. The classification depends on the nature and purpose of the financial assets and is determined at the time of initial recognition. All regular purchases or sales of financial asset were recognized and derecognized on a trade basis. Regular way purchases or sales of financial assets required delivery of the asset within the time frame established by regulation or convention in the marketplace. Effective interest method The effective interest method is a method of calculating the amortized cost of a debt instrument and of allocating interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the debt instrument, or, where appropriate, a shorter period, to the net carrying amount on initial recognition. Income was recognized on an effective interest basis for loans and accounts receivables other than those financial assets classified as at fair value through profit or loss. Trading investment Financial assets were classified as FVTPL when the financial asset is either held for trading or they are designated as at fair value through profit or loss. A financial asset was classified as held for trading if: • it has been acquired principally for the purpose of selling it in the near term; or • on initial recognition it is part of a portfolio of identified financial instruments that the Bank manages together and has a recent actual pattern of short-term profit-taking; or • it is a derivative that is not designated and effective as a hedging instrument. A financial asset other than a financial asset held for trading may be designated as FVTPL upon initial recognition if: • such designation eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise; or • the financial asset forms part of a group of financial assets or financial liabilities or both, which is managed and its performance is evaluated on a fair value basis, in accordance with the Bank’s documented risk management or investment strategy, and information about the grouping is provided internally on that basis; or • it forms part of a contract containing one or more embedded derivatives, and IAS 39 permits the entire combined contract to be designated as FVTPL. Financial assets at FVTPL were stated at fair value, with any gains or losses arising on remeasurement recognized in profit or loss. The net gain or loss recognized in profit or loss incorporates any dividend or interest earned on the financial asset and was included in the ‘net income (expense) from financial operations’ line item. Held to maturity investments Held-to-maturity non-derivative held-to-maturity Available for sale investments (AFS investments) AFS investments were non-derivatives (b) held-to-maturity Financial instruments held by the Bank that were traded in an active market were classified as AFS and were stated at fair value at the end of each reporting period. The Bank also had investments in financial instruments that were not traded in an active market but that were also classified as AFS investments and stated at fair value at the end of each reporting period (because the Bank considered that fair value can be reliably measured). Changes in the carrying amount of AFS monetary financial assets relating to changes in foreign currency rates, interest income calculated using the effective interest method and dividends on AFS equity investments were recognized in profit or loss. Other changes in the carrying amount of available for sale investments were recognized in other comprehensive income and accumulated under the heading of “Valuation Adjustment”. When the investment was disposed of or it was determined to be impaired, the cumulative gain or loss previously accumulated in the investments revaluation reserve was reclassified to profit or loss. Dividends on AFS equity instruments were recognized in profit or loss when the Bank’s right to receive the dividends was established. The fair value of AFS monetary financial assets denominated in a foreign currency was determined in that foreign currency and translated as the described in f) above. The foreign exchange gains and losses that were recognized in profit or loss were determined based on the amortized cost of the monetary asset. Loans and accounts receivable from customers Loans and accounts receivable from customers were non-derivative Interest income was recognized by applying the effective interest rate, except for short-term receivables when the effect of discounting is immaterial. III. Classification of financial assets for presentation purposes For presentation purposes, the financial assets were classified by their nature into the following line items in the Consolidated Financial Statements: • Cash and deposits in banks: this line included cash balances, checking accounts and on-demand • Cash items in process of collection: this item represented domestic transactions in the process of transfer through a central domestic clearinghouse or international transactions which may be delayed in settlement due to timing differences. • Trading investments: this item included financial instruments held for trading and investments in mutual funds which must be adjusted to their fair value in the same way as instruments acquired for trading. • Investments under resale agreements: included balances of financial instruments purchased under resale agreement. • Interbank loans: this item included the balances of transactions with domestic and foreign banks, including the Central Bank of Chile, other than those reflected in certain other financial asset classifications listed above. • Loans and accounts receivables from customers: these loans were non-derivative • Investment instruments: were classified into two categories: held-to-maturity available-for-sale held-to-maturity IV. Classification of financial liabilities for measurement purposes The Bank classified all financial liabilities as subsequently measured at amortized cost, except for: Financial liabilities at FVTPL As of December 31, 2017 the Bank did not maintain financial liabilities at FVTPL. Other financial liabilities Other financial liabilities (including interbank borrowings, issued debt instruments and other payables) were initially recorded at fair value and subsequently measured at amortized cost using the effective interest method. V. Classification of financial liabilities for presentation purposes The financial liabilities were classified by their nature into the following line items in the consolidated statements of financial position: • Deposits and other on- on-demand on-demand on-demand on-demand • Cash items in process of being cleared: this represented domestic transactions in the process of transfer through a central domestic clearing house or international transactions which may be delayed in settlement due to timing differences, etc. • Obligations under repurchase agreements: this included the balances of sales of financial instruments under securities repurchase and loan agreements. The Bank did not record in its own portfolio instruments acquired under repurchase agreements. • Time deposits and other time liabilities: this showed the balances of deposit transactions in which a term at the end of which they became callable has been stipulated. • Interbank borrowings: this included obligations due to other domestic banks, foreign banks, or the Central Bank of Chile, other than those reflected in certain other financial liability classifications listed above. • Issued debt instruments: there are three types of instruments issued by the Bank: Obligations under letters of credit, Subordinated bonds and Senior bonds placed in the local and foreign market. • Other financial liabilities: this item included credit obligations to persons other than domestic banks, foreign banks, or the Central Bank of Chile, for financing purposes or operations in the normal course of business. VI. Offsetting of financial instruments Financial asset and liability balances were offset, i.e., reported in the Consolidated Statements of Financial Position at their net amount, only if there was a legally enforceable right to offset the recorded amounts and the Bank intended either to settle them on a net basis or to realize the asset and settle the liability simultaneously. As of December 31, 2017 the Bank did not have balance offsetting of financial instruments. VII. Derecognition of financial assets and liabilities The accounting treatment of transfers of financial assets was determined by the extent and the manner in which the risks and rewards associated with the transferred assets are transferred to third parties: i. Financial Position and any rights or obligations retained or created in the transfer were simultaneously recorded. ii. However, the following items were recorded: • An associated financial liability for an amount equal to the consideration received; this liability was subsequently measured at amortized cost. • Both the income from the transferred (but not removed) financial asset as well as any expenses incurred due to the new financial liability. iii. a. b. Accordingly, financial assets were only derecognized from the Consolidated Statements of Financial Position when the rights over the cash flows they generated have terminated or when all the inherent risks and rewards of ownership had been substantially transferred to third parties. Similarly, financial liabilities were only derecognized from the Consolidated Statements of Financial Position when the obligations specified in the contract were discharged or cancelled or the contract matured. |
General Information and Summa_3
General Information and Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Schedule of exercise control | The following are the entities controlled by Itaú Corpbanca: Ownership percentage Market Country Functional As of December 31, As of December 31, Direct Indirect Total Direct Indirect Total % % % % % % Itaú Corredores de Bolsa Limitada (ex - CorpBanca Corredores de Bolsa National Chile $ 99.990 0.010 100.000 99.990 0.010 100.000 Itaú Administradora General de Fondos S.A. (ex - Itaú Chile Administradora General de Fondos S.A.) (1) (7) (14) Chile $ 99.994 0.006 100.000 99.988 0.006 99.994 CorpBanca Administradora General de Fondos S.A. (1) (7) Chile $ — — — — — — Itaú Corredores de Seguros S.A. (ex-Corpbanca Chile $ 99.900 0.100 100.000 99.990 0.010 100.000 Itaú Chile Corredora de Seguro Ltda. (1) (8) Chile $ — — — 99.900 0.100 100.000 Itaú Asesorías Financieras S.A. (2) Chile $ 99.990 0.010 100.000 99.990 0.010 100.000 CorpLegal S.A. (2) Chile $ 99.990 0.010 100.000 99.990 0.010 100.000 Recaudaciones y Cobranzas Limitada (Ex- Chile $ 99.999 0.001 100.000 99.999 0.001 100.000 Itaú Corpbanca New York Branch (2) (10) Foreign USA US$ 100.000 — 100.000 100.000 — 100.000 Corpbanca Securities Inc (2) (11) USA US$ — — — — — — Itaú Corpbanca Colombia S.A. (Ex-Banco Colombia COP$ 66.279 — 66.279 66.279 — 66.279 Itaú Corredor de Seguro Colombia S.A. (Ex-Helm Colombia COP$ 80.000 — 80.000 80.000 — 80.000 Itaú Securities Services Colombia S.A. Sociedad Fiduciaria (Ex-CorpBanca Colombia COP$ 5.499 62.634 68.133 5.499 62.634 68.133 Itaú Comisionista de Bolsa Colombia S.A (Ex-Helm Colombia COP$ 2.219 64.807 67.026 2.219 64.807 67.026 Itaú Asset Management Colombia S.A. Sociedad Fiduciaria (Ex-Helm Colombia COP$ — 66.266 66.266 — 66.266 66.266 Itaú (Panamá) S.A. (Ex-Helm Panama US$ — 66.279 66.279 — 66.279 66.279 Itaú Casa de Valores S.A (ex-Helm Panama US$ — 66.279 66.279 — 66.279 66.279 (1) Companies regulated by the Chilean Financial Market Commission, hereinafter CMF (formerly Superintendency of Securities and Insurance – SVS) (2) Companies regulated by the Superintendency of Banks and Financial Institutions (SBIF) of Chile. (3) Companies regulated by the Colombian Financial Superintendency (SFC), which has entered into a supervision agreement with the SBIF. (4) Company regulated by the Superintendency of Banks of Panama. (5) Company regulated by the Superintendency of the Securities Market of Panama. (6) On January 1, 2017, the merger of Corpbanca Corredores de Bolsa S.A. and Itaú BBA Corredor de Bolsa Ltda. took place, by which the latter absorbed the first, and its new corporate name is Itaú Corpbanca Corredores de Bolsa S.A. (7) On December 29, 2017, the merger of Corpbanca Administradora General de Fondos S.A. and Itaú Chile Administradora General de Fondos, took place, by which the latter absorbed the first and its new corporate name is Itaú Administradora General de Fondos S.A. (8) On April 1, 2018, the merger of Corpbanca Corredores de Seguros S.A. and Itaú Chile Corredora de Seguros Limitada took place, by which the latter absorbed the first, and its new corporate name is Itaú Corpbanca Corredores de Seguros S.A. (9) On November 5, 2018, Itaú Corpbanca Recaudaciones y Cobranzas S.A. changed its legal name to Recaudaciones y Cobranzas Limitada. (10) Company regulated by the Office of the Comptroller of the Currency (OCC) and the Federal Reserve (FED). (11) On December 18, 2017, the dissolution of the branch located in New York was authorized. (12) On July 4, 2018, Itaú Asesorías Financieras S.A. acquired 2 shares of the company to minority shareholders, therefore Itaú Corpbanca and subsidiaries controls, directly and indirectly, 100% of the company’s shares. (13) On September 10, 2018, Itaú Corpbanca acquired 127,901 shares of the company to minority shareholders, therefore Itaú Corpbanca controls, directly and indirectly, 100% of the company´s shares. (14) On December 10, 2018, Itaú Corpbanca acquired 1 share from a minority investor, with what passes and directly controls 100% of the entity. (15) On August 1, 2018, the corporate name of Itaú Corpbanca Corredores de Bolsa S.A. was changed to Itaú Corredores de Bolsa Limitada. |
Schedule of Loans and Account Receivable Charge-Offs overdue and current installments | Loan and accounts receivable charge-offs are recorded for overdue and current installments based on the time periods expired since reaching overdue status, as described below: Type of loan Term Consumer loans with or without collateral Other transactions without collateral Commercial loans with collateral Mortgage loans Consumer leasing Other non-mortgage Mortgage leasing (household and business) 6 months 24 months 36 months 48 months 6 months 12 months 36 months |
Accounting Changes (Tables)
Accounting Changes (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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Summary of Classification and Measurement of Financial Instrument | a) Classification and measurement of financial instrument IAS 39 as of December 31, 2017 IFRS 9 as of January 1, 2018 Balance Measurement Portfolio Book Value MCh$ Measurement Portfolio Book Value Trading investments Fair value through profit or loss Financial instruments classified as trading investments 415,061 Financial instruments at fair value through profit or loss Financial instruments at fair value through profit or loss 423,855 Investments instruments Fair value through profit or loss Financial assets available for sale (including those that were valued at cost at December) 2,663,478 Financial instruments at fair value through other comprehensive income Financial instruments at fair value through other comprehensive income 2,658,739 Amortized cost Financial assets classified as held to maturity 202,030 Amortized cost Financial instruments at fair value through profit or loss 201,993 Loans and accounts receivable from customers Amortized cost Loans and accounts receivable from customers, net of allowances for loan losses according to IAS 39. 19,764,078 Amortized cost Loans and accounts receivable from customers, net of allowances for loan losses according to IFRS 9. 19,642,032 Interbank loans Amortized cost Interbank loans, net of allowances for loan losses according to IAS 39. 70,077 Amortized cost Interbank loans, net of allowances for loan losses according to IFRS 9. 70,077 |
Summary of Reconciliation the Consolidated Balance Sheets under IAS39 to IFRS9 | b) The following table shows in detail the reconciliation the consolidated balance sheet under IAS 39 as of December 31, 2017 to IFRS 9 as of January 1, 2018 distinguishing between the impacts due to classification and measurement and due to impairment once adopted IFRS9: IAS 39 Carrying amount Reclassifications Remeasurements IFRS 9 Carrying amount As of December 31, 2017 As of January 1, 2018 MCh$ MCh$ MCh$ MCh$ ASSETS Cash and deposits in banks 964,030 — — 964,030 Cash items in process of collection 157,017 — — 157,017 Financial instruments at fair value through profit or loss — 421,331 2,524 423,855 (i ) Financial instruments at fair value through other comprehensive income — 2,657,208 1,531 2,658,739 (ii ) Interbank loans at amortized cost — 70,077 — 70,077 (iii ) Loans and accounts receivable from customers at amortized cost — 19,764,078 (122,046 ) 19,642,032 (iv ) Financial instruments at amortized cost — 202,030 (37 ) 201,993 (v ) Investments under resale agreements 28,524 — — 28,524 Financial derivative contracts 1,248,775 — — 1,248,775 Interbank loans, net 70,077 (70,077 ) — — Trading investments 415,061 (415,061 ) — Loans and accounts receivable from customers, net 19,764,078 (19,764,078 ) — — Available for sale investments 2,663,478 (2,663,478 ) — — Held to maturity investments 202,030 (202,030 ) — — Intangible assets 1,562,654 — — 1,562,654 Property, plant, and equipment 130,579 — — 130,579 Current taxes 238,452 — — 238,452 Deferred taxes 140,685 — 46,144 186,829 (vi ) Other assets 429,025 — — 429,025 Other non-current 18,308 — — 18,308 TOTAL ASSETS 28,032,773 — (71,884 ) 27,960,889 LIABILITIES — Deposits and other demand liabilities 4,141,667 — — 4,141,667 Cash in process of being cleared 109,496 — — 109,496 Obligations under repurchase agreements 420,920 — — 420,920 Time deposits and other time liabilities 10,065,243 — — 10,065,243 Financial derivative contracts 1,095,154 — — 1,095,154 Interbank borrowings 2,196,130 — — 2,196,130 Debt instruments issued 5,950,038 — — 5,950,038 Other financial liabilities 17,066 — — 17,066 Current taxes 624 — — 624 Deferred taxes 26,354 — (2,550 ) 23,804 (vii ) Provisions 117,889 — 59,691 177,580 (viii ) Other liabilities 463,435 — — 463,435 Liabilities directly associated with non-current — — — — TOTAL LIABILITIES 24,604,016 — 57,141 24,661,157 EQUITY Attributable to equity holders of the Bank: Capital 1,862,826 — — 1,862,826 Reserves 1,290,131 — — 1,290,131 Valuation accounts (4,735 ) — 997 (3,738 ) (ix ) Retained earnings: 63,255 — (126,865 ) (63,610 ) Retained earnings from prior years 12,668 — (59,044 ) (46,376 ) (x ) Net income for the year 67,821 — (67,821 ) — Less: Provision for mandatory dividends (17,234 ) — — (17,234 ) Total equity attributable to equity holders of the Bank 3,211,477 — (125,868 ) 3,085,609 Non-controlling 217,280 — (3,157 ) 214,123 (xi ) TOTAL EQUITY 3,428,757 — (129,025 ) 3,299,732 TOTAL LIABILITIES AND EQUITY 28,032,773 — (71,884 ) 27,960,889 (i) Includes reclassifications and remeasurements of instruments previously classified as trading investments and investments in equity instruments previously classified as Available for sale investments according to IAS 39. (ii) Includes reclassifications and remeasurements of financial assets previously classified as Available for sale instruments according to IAS 39. (iii) Includes reclassifications of financial instruments previously classified as interbank loans according to IAS 39 and remeasurement of the allowances for expected credit losses under the new model according to IFRS 9. (iv) Includes reclassifications of financial instruments previously classified as loans and accounts receivable from customers according to IAS 39 and remeasurement of the allowances for expected credit losses under the new model according to IFRS 9. (v) Includes reclassifications of financial instruments previously classified as held to maturity investments according to IAS 39 and remeasurement due to allowances for expected credit losses under the new model according to IFRS 9. (vi) Recognition of deferred taxes according to IAS 12 due to IFRS 9 adoption. (vii) Recognition of deferred taxes according to IAS 12 due to IFRS 9 adoption. (viii) Includes the recognition of provision for expected credit losses related to contingent loans under the new model according to IFRS 9. (ix) Includes remeasurement due to recognition of credit risk related to financial assets classified as FVTOCI. (x) Includes all the effects due to IFRS 9 first application. (xi) Includes the non-controlling |
Composition of Loan Portfolio Classified as Loans and Accounts Receivable at Amortized Cost | The composition of the loan portfolio classified as loans and accounts receivable at amortized cost as of January 1, 2018 is as follows: Individual Group Stage 1 Stage 2 Stage 3 Subtotals Stage 1 Stage 2 Stage 3 Subtotals Total loans 12-Month Lifetime Lifetime 12-Month Lifetime Lifetime Balances as of December 31, 2017 — 432,862 73,894 506,756 16,235,974 2,892,547 747,328 19,875,849 20,382,605 Restatement of the prior year — — — — — — — — — Balances as of January 1, 2018 — 432,862 73,894 506,756 16,235,974 2,892,547 747,328 19,875,849 20,382,605 |
Reporting Segments (Tables)
Reporting Segments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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Schedule of Group Operates in Two Main Geographic Areas | The information on interest income and interest expenses for the years ended December 31, 2018, 2017 and 2016 of the aforementioned geographic areas is presented below: 2018 2017 2016 Chile Colombia Total Chile Colombia Chile Colombia Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Interest income 1,208,481 530,836 1,739,317 1,067,124 579,205 1,646,329 1,013,951 495,252 1,509,203 Interest expense (593,796 ) (257,858 ) (851,654 ) (529,584 ) (333,763 ) (863,347 ) (554,246 ) (315,782 ) (870,028 ) Net interest income 614,685 272,978 887,663 537,540 245,442 782,982 459,705 179,470 639,175 |
Schedule of Assets and Liabilities | c.1 Assets and Liabilities As of December 31, 2018 Chile Colombia Total MCh$ MCh$ MCh$ Cash and deposits in banks 483,416 504,264 987,680 Cash items in process of collection 318,433 225 318,658 Financial instruments at fair value through profit or loss 54,162 42,781 96,943 Financial instruments at fair value through other comprehensive income 1,594,955 1,062,199 2,657,154 Loans and accounts receivable at amortized cost and interbank loans 16,616,358 4,439,256 21,055,614 Financial instruments at amortized cost 122,385 76,538 198,923 Investments under resale agreements 91,510 17,957 109,467 Financial derivative contracts 1,266,218 102,739 1,368,957 Intangible assets 1,432,529 138,435 1,570,964 Property, plant, and equipment 78,430 17,134 95,564 Current taxes 70,255 52,874 123,129 Deferred taxes 151,194 27,492 178,686 Other assets 378,691 123,106 501,797 Other non-current 59,802 — 59,802 TOTAL ASSETS 22,718,338 6,605,000 29,323,338 As of December 31, 2018 Chile Colombia Total MCh$ MCh$ MCh$ LIABILITIES Deposits and other demand liabilities 2,463,722 1,836,753 4,300,475 Cash in process of being cleared 247,165 — 247,165 Obligations under repurchase agreements 370,623 644,991 1,015,614 Time deposits and other time liabilities 8,104,729 2,016,382 10,121,111 Financial derivative contracts 1,035,394 77,412 1,112,806 Interbank borrowings 1,602,125 725,598 2,327,723 Debt instruments issued 5,445,000 565,124 6,010,124 Other financial liabilities 12,400 — 12,400 Current taxes 528 663 1,191 Deferred taxes — 471 471 Provisions 140,663 74,240 214,903 Other liabilities 471,672 50,123 521,795 Liabilities directly associated with non-current — — — TOTAL LIABILITIES 19,894,021 5,991,757 25,885,778 As of December 31, 2017 Note Chile Colombia Total MCh$ MCh$ MCh$ Cash and deposits in banks 609,279 354,751 964,030 Cash items in process of collection 155,950 1,067 157,017 Investments under resale agreements 2,292 26,232 28,524 Financial derivative contracts 1,158,002 90,773 1,248,775 Trading investments 25,652 389,409 415,061 Loans and accounts receivable from customers, net and interbank loans 15,599,269 4,234,886 19,834,155 Available for sale instruments 1,937,909 725,569 2,663,478 Held to maturity investments 95,652 106,378 202,030 Intangible assets 1,378,942 183,712 1,562,654 Property, plant, and equipment 82,481 48,098 130,579 Current taxes 202,093 36,359 238,452 Deferred taxes 140,685 — 140,685 Other assets 348,717 80,308 429,025 Other non-current 18,308 — 18,308 TOTAL ASSETS 21,755,231 6,277,542 28,032,773 As of December 31, 2017 Note Chile Colombia Total MCh$ MCh$ MCh$ LIABILITIES Deposits and other demand liabilities 16 2,399,159 1,742,508 4,141,667 Cash in process of being cleared 5b ) 109,496 — 109,496 Obligations under repurchase agreements 7 44,264 376,656 420,920 Time deposits and other time liabilities 16 7,868,572 2,196,671 10,065,243 Financial derivative contracts 8 1,036,024 59,130 1,095,154 Interbank borrowings 17 1,545,143 650,987 2,196,130 Debt instruments issued 18 5,484,562 465,476 5,950,038 Other financial liabilities 18 16,255 811 17,066 Current taxes 14 624 — 624 Deferred taxes 14 53 26,301 26,354 Provisions 19 61,038 56,851 117,889 Other liabilities 20 399,760 63,675 463,435 Liabilities directly associated with non-current 20 — — — TOTAL LIABILITIES 18,964,950 5,639,066 24,604,016 ( *) This includes goodwill generated in business combinations between Itaú Chile and Corpbanca totaling MCh$1,135,392 as of December 31, 2018 (MCh$1,126,663 in 2017). |
Schedule of Income | c.2 Income for the years ended December 31, 2018, 2017, and 2016 2018 2017 2016 Chile Colombia Total Chile Colombia Total Chile Colombia Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Net interest income 591,575 296,088 887,663 537,540 245,442 782,982 459,705 179,470 639,175 Net fee and commission income 149,673 36,456 186,129 135,624 41,947 177,571 112,147 38,649 150,796 Net income from financial operations 128,264 44,491 172,755 (49,615 ) 57,883 8,268 38,642 74,310 112,952 Net foreign exchange gain (loss) 5,726 (23,691 ) (17,965 ) 34,661 11,504 46,165 (26,744 ) (22,104 ) (48,848 ) Other operating income 14,337 12,319 26,656 33,398 8,134 41,532 9,058 10,389 19,447 Provision for loan losses (127,804 ) (151,994 ) (279,798 ) (169,233 ) (146,184 ) (315,417 ) (146,812 ) (99,178 ) (245,990 ) NET OPERATING PROFIT 761,771 213,669 (975,440 ) 522,375 218,726 741,101 445,996 181,536 627,532 Depreciation and amortization (53,544 ) (33,273 ) (86,817 ) (51,213 ) (30,632 ) (81,845 ) (40,610 ) (23,082 ) (63,692 ) Operating expenses (*) (442,943 ) (211,767 ) (654,710 ) (424,733 ) (224,569 ) (649,302 ) (397,060 ) (155,875 ) (552,935 ) OPERATING INCOME 265,284 (31,371 ) 233,913 46,429 (36,475 ) 9,954 8,326 2,579 10,905 Income taxes (85,269 ) 18,210 (67,059 ) 31,188 21,683 52,871 (84 ) 3,652 3,568 Income from discontinued operations — — — — — — (504 ) — (504 ) CONSOLIDATED INCOME FOR THE YEAR 180,015 (13,161 ) 166,854 77,617 (14,792 ) 62,825 7,738 6,231 13,969 (*) Includes personnel salaries and expenses, administrative expenses, impairment, and other operating expenses |
Cash and Cash Equivalents (Tabl
Cash and Cash Equivalents (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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Schedule of Balances included under Cash and Cash Equivalents | a) Detail of cash and cash equivalents The detail of the balances included under cash and cash equivalents is as follows: As of December 31, 2018 2017 MCh$ MCh$ Cash and deposits in banks Cash 255,449 254,824 Deposits in the Central Bank of Chile 70,444 53,187 Deposits in local banks 4,422 9,389 Deposits in foreign banks 657,365 646,630 Subtotals cash and deposits in banks 987,680 964,030 Cash items in process of collection, net 71,493 47,521 Highly liquid financial instruments (1) 194,412 35,014 Investments under resale agreements (2) 109,467 28,524 Totals cash and cash equivalents 1,363,052 1,075,089 (1) Highly liquid financial instruments: Corresponds to those financial instruments included in the Financial instruments at fair value through profit or loss Financial trading and available-for-sale As of December 31, Notes 2018 2017 MCh$ MCh$ Highly liquid financial instruments Financial instruments at fair value through profit or loss 6 15,741 — Trading investments 6 — 19,239 Financial instruments at fair value through other comprehensive income 11 178,671 — Available for sale investments 11 — 15,775 Totals 194,412 35,014 (2) Investments under resale agreements: corresponds to resale agreements with maturities that do not exceed three months from the acquisition date, which are presented under the item “Investments under resale agreements” in the Consolidated Statement of Financial Position. The detail is as follows: As of December 31, Notes 2018 2017 MCh$ MCh$ Investment under resale agreements 7a ) 109,467 28,524 |
Schedule of Cash in the Process of Collection | a. Cash in process of collection and in process of being cleared Cash items in process of collection and in process of being cleared represent domestic transactions, which have not been processed through the central domestic clearinghouse, or international transactions that may be delayed in settlement due to timing differences. The detail of these balances is as follows: As of December, 31 2018 2017 MCh$ MCh$ Assets Documents held by other banks (documents to be cleared) 77,085 66,996 Funds receivable 241,573 90,021 Subtotals assets 318,658 157,017 Liabilities Funds payable 247,165 109,496 Subtotals liabilities 247,165 109,496 Cash items in process of collection, net 71,493 47,521 |
Financial Instruments at Fair_2
Financial Instruments at Fair Value through Profit or Loss and Trading Investments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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Schedule of Financial Instruments at Fair Value Through Profit or Loss | The detail of the financial instruments at fair value through profit or loss according to IFRS 9 is as follows: As of December 31, 2018 MCh$ Chilean Central Bank and Government securities Chilean Central Bank securities 21,736 Other Chilean Central Bank and Government securities 14,872 Other Chilean securities Bonds 3 Notes 4,014 Foreign financial securities Bonds 23,276 Other securities 19,505 Investments in mutual funds Funds managed by related entities 3,532 Other investments Other financial instruments at FVTPL 10,005 Totals 96,943 |
Summary of Trading Investments | The detail of the trading investments according to IAS 39 is as follows: As of December 31, 2017 MCh$ Chilean Central Bank and Government securities Chilean Central Bank securities 3,963 Other Chilean Central Bank and Government securities 3,163 Other Chilean securities Bonds 5 Other securities — Foreign financial securities Bonds 381,262 Other securities 8,147 Investments in mutual funds Funds managed by related entities 18,521 Other investments Other trading investments — Totals 415,061 |
Investments under Resale Agre_2
Investments under Resale Agreements and Obligations under Repurchase Agreements (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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Schedule of Instruments Acquired Under Agreements to Resell | a. The Bank purchases financial instruments agreeing to resell them at a future date. As of December 31, 2018 and 2017 the instruments acquired under resale agreements are as follows: As of December 31, 2018 As of December 31, 2017 Up to 3 Between 3 Over 1 Totals Up to 3 Between 3 Over 1 Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Chilean Central Bank and Government securities Chilean Central Bank securities 14,533 — — 14,533 2,292 — — 2,292 Government securities 76,977 — — 76,977 — — — — Other Chilean Central Bank and Government securities — — — — — — — — Other Chilean securities Bonds — — — — — — — — Notes — — — — — — — — Other securities Foreign financial securities — — — — — — — — Central Banks and Government securities 17,351 — — 17,351 21,248 — — 21,248 Other foreign instruments 606 — — 606 4,984 — — 4,984 Totals 109,467 — — 109,467 28,524 — — 28,524 |
Schedule of Instruments Acquired Under Agreements to Repurchase | b. As of December 31, 2018 and 2017, the instruments acquired under agreements to repurchase are as follows: As of December 31, 2018 As of December 31, 2017 Up to 3 Between 3 Over 1 Totals Up to 3 Between Over 1 Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Chilean Central Bank and Government securities Chilean Central Bank securities 21,018 — — 21,018 — — — — Government securities 283,898 — — 283,898 11,703 — — 11,703 Other Chilean Central Bank and Government securities — — — — — — — — Other Chilean securities Bonds — — — — 26,573 — — 26,573 Notes — — — — 5,988 — — 5,988 Other Chilean securities 65,707 — — 65,707 — — — — Foreign financial securities Central Banks and Government securities — — — — — — — — Other foreign instruments 644,991 — — 644,991 376,656 — — 376,656 Totals 1,015,614 — — 1,015,614 420,920 — — 420,920 |
Financial Derivative Contract_2
Financial Derivative Contracts and Hedge Accounting (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Statement [LineItems] | |
Schedule of Financial Assets and Liablities | The Bank and subsidiaries use the following derivative financial instruments for hedge accounting and trading purposes, which, in order to capture the credit risk in the valuation, are adjusted to reflect the CVA (Credit Value Adjustment). The detail of these instruments is presented below: As of December 31, 2018 As of December 31, 2017 Assets Liabilities Assets Liabilities MCh$ MCh$ MCh$ MCh$ Derivatives held for hedge accounting 86,562 75,615 51,409 121,378 Derivatives held for trading 1,282,395 1,037,191 1,197,366 973,776 Totals 1,368,957 1,112,806 1,248,775 1,095,154 |
Schedule of Portfolio of Financial Derivative Assets | Financial derivative assets As of December 31, 2018 Notional Fair value Up to 3 months Between 3 months Over 1 year MCh$ MCh$ MCh$ MCh$ Currency forwards 3,643,505 703,790 419,833 342,993 Currency swaps 168,254 1,817,002 6,449,984 468,093 Interest rate swaps 3,061,784 8,933,622 34,958,699 553,608 Call currency options 26,435 102,163 17,750 4,217 Put currency options 1,119 33,260 — 46 Totals 6,901,097 11,589,837 41,846,266 1,368,957 As of December 31, 2017 Notional Fair value Up to 3 Between 3 Over 1 year MCh$ MCh$ MCh$ MCh$ Currency forwards 8,855,360 5,728,141 700,252 316,901 Currency swaps 92,772 299,288 3,260,432 396,239 Interest rate swaps 5,781,923 10,258,903 23,469,906 534,505 Call currency options 33,709 47,300 26,223 421 Put currency options 6,675 9,827 25,808 709 Totals 14,770,439 16,343,459 27,482,621 1,248,775 |
Schedule of Portfolio of Financial derivative liabilities | Financial derivative liabilities As of December 31, 2018 Notional Fair value Up to 3 months Between 3 months and 1 year Over 1 year MCh$ MCh$ MCh$ MCh$ Currency forwards 1,406,262 550,427 113,872 322,241 Currency swaps 658,937 1,035,357 3,169,546 298,415 Interest rate swaps 3,111,787 5,826,465 26,522,433 489,718 Call currency options 11,540 35,344 — 1,493 Put currency options 16,367 38,172 11,115 939 Totals 5,204,893 7,485,765 29,816,966 1,112,806 As of December 31, 2017 Notional Fair value Up to 3 months Between 3 months and 1 year Over 1 year MCh$ MCh$ MCh$ MCh$ Currency forwards 9,023,102 5,821,573 807,071 333,482 Currency swaps 109,275 414,355 2,822,789 290,288 Interest rate swaps 5,481,548 8,843,640 20,720,506 468,928 Call currency options 6,675 7,369 — 86 Put currency options 17,629 25,459 415 2,370 Totals 14,638,229 15,112,396 24,350,781 1,095,154 |
Schedule of Portfolio of Derivative Financial Instruments for Hedge Accounting and Trading Purposes | As of December 31, 2018 and 2017, the portfolio of financial derivative instruments held for hedge accounting and trading purposes is as follows: As of December 31, 2018 Notional Fair value Up to 3 months Between 3 Over 1 year Assets Liabilities MCh$ MCh$ MCh$ MCh$ MCh$ Derivatives held for hedge accounting 3,661,557 1,323,671 2,527,255 86,562 75,615 Fair value hedge Currency forwards 32,639 17,421 102,847 16,461 5,814 Currency swaps 610,980 192,926 — 7,697 11,038 Interest rate swaps 1,231 52,105 2,194,956 15,492 16,995 Subtotals 644,850 262,452 2,297,803 39,650 33,847 Cash flow hedge Currency forwards 2,188,426 — 130,191 4,835 1,283 Currency swaps — 330,033 — 13,363 17,593 Interest rate swaps — 198,573 99,261 1,119 1,892 Subtotals 2,188,426 528,606 229,452 19,317 20,768 Hedge of net investment in a foreign operation Currency forwards 828,281 532,613 — 27,595 21,000 Subtotals 828,281 532,613 — 27,595 21,000 Derivatives held for trading 8,444,433 17,751,931 69,135,977 1,282,395 1,037,191 Currency forwards 2,000,421 704,183 300,667 294,102 294,144 Currency swaps 216,211 2,329,400 9,619,530 447,033 269,784 Interest rate swaps 6,172,340 14,509,409 59,186,915 536,997 470,831 Call currency options 37,975 137,507 17,750 4,217 1,493 Put currency options 17,486 71,432 11,115 46 939 Subtotals 8,444,433 17,751,931 69,135,977 1,282,395 1,037,191 Totals 12,105,990 19,075,602 71,663,232 1,368,957 1,112,806 As of December 31, 2017 Notional Fair value Up to 3 months Between 3 Over 1 year MCh$ MCh$ MCh$ MCh$ MCh$ Derivatives held for hedge accounting 2,950,441 1,195,024 3,516,621 51,409 121,378 Fair value hedge Currency forwards — — 1,417 78 Currency swaps — — 264,226 2,735 40,441 Interest rate swaps 442,426 7,567 2,186,949 7,832 39,327 Subtotals 442,426 7,567 2,451,175 11,984 79,846 Cash flow hedge Currency forwards 1,401,144 590,463 219,453 8,787 3,946 Currency swaps — — 309,970 — 22,315 Interest rate swaps — 305,800 536,023 1,680 6,481 Subtotals 1,401,144 896,263 1,065,446 10,467 32,742 Hedge of net investment in a foreign operation Currency forwards 1,106,871 291,194 — 28,958 8,790 Subtotal 1,106,871 291,194 — 28,958 8,790 Derivatives held for trading 26,458,227 30,260,831 48,316,781 1,197,366 973,776 Currency forwards 15,370,447 10,668,057 1,287,870 277,739 320,668 Currency swaps 202,047 713,643 5,509,025 393,504 227,532 Interest rate swaps 10,821,045 18,789,176 41,467,440 524,993 423,120 Call currency options 40,384 54,669 26,223 421 86 Put currency options 24,304 35,286 26,223 709 2,370 Subtotals 26,458,227 30,260,831 48,316,781 1,197,366 973,776 Totals 29,408,668 31,455,855 51,833,402 1,248,775 1,095,154 |
Schedule of the Effective Portion Generated by Cash Flow Derivatives | As of December 31, 2018 2017 Effective Ineffective Effective Ineffective MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts receivables from customers Loans (inflation-indexed) 8,557 2,032 — — Commercial loans (interest rate) 1,024 270 1,890 155 Time deposits and other time liabilities Time deposits (236 ) — (3,037 ) (126 ) Debt instruments issued Current bonds (3,829 ) (2,718 ) (4,583 ) (1,329 ) Interbank borrowings Interbank loans 43 — — — Totals 5,559 (416 ) (5,730 ) (1,300 ) The effective portion generated by cash flow derivatives recorded in the Consolidated Statement of Changes in Equity as of December 31, 2018 and 2017. The income generated by cash flow hedge derivatives whose effect was transferred from Other Comprehensive Income to Income for the year, is as follow: As of December 31, 2018 2017 MCh$ MCh$ Hedged item Loans and accounts receivables from customers Loans (inflation-indexed) — — Commercial loans (interest rate) — — Time deposits and other time liabilities Time deposits 200 72 Debt instruments issued Current bonds — — Interbank borrowings Interbank loans — — Totals 200 72 |
Schedule of Gains or Losses on the Hedge of the Net Investment | The ineffective portion is recognized in profit or loss. No such amounts were recorded in 2018 and 2017. As of December 31, Notes 2018 2017 MCh$ MCh$ Opening balances 45,759 10,773 Gains (losses) on hedge of net investment in foreign operation, before tax 22 j (36,533 ) 49,197 Income tax relating to hedges of net investment in foreign operations 22 j 10,565 (14,211 ) Ending balances 19,791 45,759 |
Schedule of Hedge Net Investment in New York Branch | Hedge of net investment in New York Branch Notional Market value of Gain or loss on Ineffectiveness MUSD MCh$ MCh$ MCh$ As of December 31, 2018 168 (5,151 ) (10,354 ) — As of December 31, 2017 150 4,698 4,698 — |
Schedule of Hedge Net Investment in Itau Corpbanca Colombia | Hedge of net investment in Itaú Corpbanca Colombia As of December 31, 2018 Notional Statements of Statement of Up to 1 Between 1 and Between 3 and Over 6 years Effective portion Ineffective MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Equity Foreign investments 1,360,894 — — 74,648 (26,179 ) — Hedging instrument Foreign currency forwards 1,360,894 — — — (26,179 ) — As of December 31, 2017 Notional Statements of Statement of Up to 1 Between 1 and Between 3 and Over 6 years Effective portion Ineffective MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Equity Foreign investments 1,398,065 — — — 44,499 — Hedging instrument Foreign currency forwards 1,398,065 — — — 44,499 — |
Fair Value Hedges [Member] | |
Statement [LineItems] | |
Schedule of Nominal Values of the Hedged Item | The following table presents the hedged items and the hedging instrument at fair value as of December 31, 2018 and 2017, detailed by maturity: As of December 31, 2018 Notional Up to 1 year Between 1 Between 3 and Over 6 years Totals MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Loans and accounts receivable from customers Commercial and mortgage loans 1,232 156,772 261,860 289,724 709,588 Financial instruments at FVTPL Treasury bonds 666,388 52,132 35,297 42,189 796,006 Debt instruments issued Current bonds 239,682 55,132 94,000 1,310,697 1,699,511 Totals 907,302 264,036 391,157 1,642,610 3,205,105 Hedging instruments — Currency forwards — — — — — Currency swaps 187,578 — — — 187,578 Interest rate swaps 719,724 264,036 391,157 1,642,610 3,017,527 Totals 907,302 264,036 391,157 1,642,610 3,205,105 As of December 31, 2017 Notional Up to 1 year Between 1 Between 3 and Over 6 years Totals MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Loans and accounts receivable from customers Commercial and mortgage loans 12,978 7,704 402,977 320,539 744,198 Available for sale investments Treasury bonds — 57,003 1,629 183,675 242,307 Debt instruments issued Current bonds 437,015 488,291 77,728 1,009,468 2,012,502 Totals 449,993 552,998 482,334 1,513,682 2,999,007 Hedging instruments Currency swaps — 264,226 — — 264,226 Interest rate swaps 449,993 288,772 482,334 1,513,682 2,734,781 Totals 449,993 552,998 482,334 1,513,682 2,999,007 Below is an estimate of the periods in which flows are expected to be produced: Forecasted cash flows by interest rate risk: As of December 31, 2018 Notional Up to 1 year Between 1 and Between 3 and Over 6 years Totals MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Inflows 9,678 17,366 15,632 7,728 50,404 Outflows (24,604 ) (37,185 ) (50,215 ) (70,615 ) (182,619 ) Net Flows (14,926 ) (19,819 ) (34,583 ) (62,887 ) (132,215 ) Hedging instruments (*) Outflows (9,678 ) (17,366 ) (15,632 ) (7,728 ) (50,404 ) Inflows 24,604 37,185 50,215 70,615 182,619 Net flows 14,926 19,819 34,583 62,887 132,215 As of December 31, 2017 Notional Up to 1 year Between 1 and Between 3 and Over 6 years Totals MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Inflows 14,981 27,525 32,376 18,608 93,490 Outflows (25,575 ) (37,197 ) (39,863 ) (76,755 ) (179,390 ) Net flows (10,594 ) (9,672 ) (7,487 ) (58,147 ) (85,900 ) Hedging instruments (*) Outflows (14,981 ) (27,525 ) (32,376 ) (18,608 ) (93,490 ) Inflows 25,575 37,197 39,863 76,755 179,390 Net flows 10,594 9,672 7,487 58,147 85,900 (*) Only includes cash flows forecast portion of the hedge instruments used to cover interest rate risk. |
Cash Flow Hedges [Member] | |
Statement [LineItems] | |
Schedule of Nominal Values of the Hedged Item | The following table presents the nominal values of the hedged item as of December 31, 2018 and 2017: As of December 31, 2018 Notional Up to 1 year Between 1 and 3 Between 3 and Over 6 years Totals MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts at amortized cost Loans (inflation-indexed) 2,015,643 9,961 — — 2,025,604 Commercial loans (interest rate) — 28,000 20,000 — 48,000 Time deposits and other time liabilities Time deposits 129,100 52,027 — 46,698 227,825 Debt instruments issued Current bonds 173,683 — — — 173,683 Interbank borrowings Interbank loans 398,606 — 72,766 — 471,372 Totals 2,717,032 89,988 92,766 46,698 2,946,484 Hedging instruments Currency forwards 2,073,971 — — — 2,073,971 Currency swaps 444,488 — 72,766 — 517,254 Interest rate swaps 198,573 89,988 20,000 46,698 355,259 Totals 2,717,032 89,988 92,766 46,698 2,946,484 As of December 31, 2017 Notional Up to 1 year Between 1 and 3 Between 3 and Over 6 years Totals MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts receivables from customers Loans (inflation-indexed) 1,991,607 188,730 — — 2,180,337 Commercial loans (interest rate) — 30,723 57,823 174,300 262,846 Time deposits and other time liabilities Time deposits 305,800 303,900 — — 609,700 Debt instruments issued Current bonds — 309,970 — — 309,970 Interbank borrowings Interbank loans — — — — — Totals 2,297,407 833,323 57,823 174,300 3,362,853 Hedging instruments Currency forwards 1,991,607 219,453 — — 2,211,060 Currency swaps — 309,970 — — 309,970 Interest rate swaps 305,800 303,900 57,823 174,300 841,823 Totals 2,297,407 833,323 57,823 174,300 3,362,853 Below is an estimate of the periods in which flows are expected to occur. Forecasted cash flows by interest rate risk: As of December 31, 2018 Notional Up to 1 year Between 1 and Between 3 and Over 6 years Totals MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Inflows 1,848,702 169,442 521 — 2,018,665 Outflows (11,046 ) (3,797 ) (5,693 ) (2,837 ) (23,373 ) Net Flows 1,837,656 165,645 (5,172 ) (2,837 ) 1,995,292 Hedging instruments (*) Outflows (1,848,702 ) (169,442 ) (521 ) — (2,018,665 ) Inflows 11,046 3,797 5,693 2,837 23,373 Net flows (1,837,656 ) (165,645 ) 5,172 2,837 (1,995,292 ) As of December 31, 2017 Notional Up to 1 year Between 1 and Between 3 and Over 6 years Totals MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Inflows 1,982,371 225,180 2,459 — 2,210,010 Outflows (29,873 ) (33,024 ) (21,918 ) (15,460 ) (100,275 ) Net Flows 1,952,498 192,156 (19,459 ) (15,460 ) 2,109,735 Hedging instruments (*) Outflows (1,982,371 ) (225,180 ) (2,459 ) — (2,210,010 ) Inflows 29,873 33,024 21,918 15,460 100,275 Net flows (1,952,498 ) (192,156 ) 19,459 15,460 (2,109,735 ) (*) Only includes cash flows forecast portion of the hedge instruments used to cover interest rate risk. |
Interbank Loans (Tables)
Interbank Loans (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Schedule of Interbank Loans, Net | As of December 31, 2018, the balances presented under the item “Interbank loans, net”, according to IFRS 9 are as follows: As of December 31, 2018 MCh$ Local banks Loans to local banks — Allowances for loans losses — Subtotals — Foreign banks Interbank cash loans 30,507 Loans to foreign banks 5,594 Non-transferable 65,556 Allowances for loans losses (463 ) Subtotals 101,194 Chilean Central Bank Deposits with the Chilean Central Bank not available (*) 240,050 Subtotals 240,050 Totals 341,244 (*) These are deposits that do not qualify as time deposits As of December 31, 2017, the balances presented under the item “Interbank loans, net”, according to IAS 39 are as follows: As of December 31, 2017 MCh$ Local banks Loans to local banks — Allowances for loans losses — Subtotals — Foreign banks Interbank cash loans 862 Loans to foreign banks 13,875 Non-transferable 21,544 Allowances for loans losses (208 ) Subtotals 36,073 Chilean Central Bank Deposits with the Chilean Central Bank not available (*) 34,004 Subtotals 34,004 Totals 70,077 (*) These are deposits that do not qualify as time deposits |
Schedule of Movements in Provisions and Impairment for Loans with Domestic and Foreign Banks | Movements in allowances and impairment for interbanks loans during the year ended December 31, 2018 are detailed as follows: Foreign banks Stage 1 Stage 2 Stage 3 Totals 12-Month ECL Lifetime ECL Lifetime ECL MCh$ MCh$ MCh$ MCh$ Balances as of December 31, 2017 208 — — 208 Restatement of the prior year — — — — Balances as of January 1, 2018 208 — — 208 Changes in the allowances - Transfer to stage 1 — — — — - Transfer to stage 2 — — — — - Transfer to stage 3 — — — — - Increases due to change in credit risk — — — — - Decreases due to change in credit risk — — — — - Charge-offs — — — — - Changes due to modifications that did not result in derecognition — — — — New financial assets originated or purchased 344 — — 344 Financial assets that have been derecognized (131 ) — — (131 ) Changes in models/risk parameters — — — — Foreign exchange and other movements 42 — — 42 Balances as of December 31, 2018 463 — — 463 Movements in allowances and impairment for loans with domestic and foreign Banks during as of December 31, 2017 are detailed as follows: Notes Local banks Foreign banks Totals MCh$ MCh$ MCh$ Balances as of January 1, 2017 — (212 ) (212 ) Charge-offs — — — Allowances established 27 — (226 ) (226 ) Allowances released 27 — 209 209 Impairment — — — Exchange differences — 21 21 Balances as of December 31, 2017 — (208 ) (208 ) |
Loans and Accounts Receivable_2
Loans and Accounts Receivable from Customers (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Schedule of Composition of Loan Portfolio | As of December 31, 2018, the composition of the loan portfolio under IFRS 9 is as follows: Allowances for loan losses As of December 31, 2018 Gross assets Individual Group Totals Net assets MCh$ MCh$ MCh$ MCh$ MCh$ Commercial loans: Commercial loans 11,457,388 133,610 258,177 391,787 11,065,601 Foreign trade loans 928,443 — 7,964 7,964 920,479 Checking account debtors 131,100 — 6,801 6,801 124,299 Factoring transactions 210,567 — 9 9 210,558 Student loans 676,689 — 51,091 51,091 625,598 Leasing transactions 928,160 — 25,113 25,113 903,047 Other commercial loans and receivables 34,553 — 1,942 1,942 32,611 Subtotals 14,366,900 133,610 351,097 484,707 13,882,193 Mortgage loans: Loans with mortgage finance bonds 38,364 — 472 472 37,892 Endorsable mutual mortgage loans 118,668 — 8,016 8,016 110,652 Other mutual mortgage loans 3,953,245 — 52,138 52,138 3,901,107 Mortgage leasing transactions 312,118 — 4,395 4,395 307,723 Other mortgage loans and receivables 23,432 — 1,096 1,096 22,336 Subtotals 4,445,827 — 66,117 66,117 4,379,710 Consumer loans: Installment consumer loans 1,921,785 — 155,472 155,472 1,766,313 Checking account debtors 209,492 — 17,579 17,579 191,913 Credit card balances 481,567 — 38,426 38,426 443,141 Consumer leasing transactions 6,203 — 476 476 5,727 Other consumer loans and receivables 50,716 — 5,343 5,343 45,373 Subtotals 2,669,763 — 217,296 217,296 2,452,467 Totals 21,482,490 133,610 634,510 768,120 20,714,370 Movements in the loan portfolio for the year ended December 31, 2018 is as follows: Loans Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime Totals Balances as of December 31, 2017 16,235,974 3,325,409 821,222 20,382,605 Restatement of the prior year — — — — Balances as of January 1, 2018 16,235,974 3,325,409 821,222 20,382,605 Changes in the allowances — - Transfer to stage 1 — 159,276 108,329 267,605 - Transfer to stage 2 (284,179 ) — 134,222 (149,957 ) - Transfer to stage 3 (109,278 ) (153,171 ) — (262,449 ) - Charge-offs (25,209 ) (24,473 ) (131,943 ) (181,625 ) - Changes due to modifications that did not result in derecognition — — — — New financial assets originated or purchased 7,894,302 700,572 322,298 8,917,172 Financial assets that have been derecognized (6,165,474 ) (1,126,300 ) (375,859 ) (7,667,633 ) Foreign exchange and other movements 151,638 18,426 6,708 176,772 Balances as of December 31, 2018 17,697,774 2,899,739 884,977 21,482,490 Assets before allowances ECL allowance As of December 31, 2018 Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 Net MCh$ MCh$ MCh$ Total MCh$ MCh$ MCh$ Total Assets Commercial loans 11,935,270 1,796,562 635,068 14,366,900 61,971 155,958 266,778 484,707 13,882,193 Mortgage loans 3,626,811 659,119 159,897 4,445,827 5,756 37,800 22,561 66,117 4,379,710 Consumer loans 2,135,693 444,058 90,012 2,669,763 70,765 84,842 61,689 217,296 2,452,467 Total 17,697,774 2,899,739 884,977 21,482,490 138,492 278,600 351,028 768,120 20,714,370 Note 10 – Loans and Accounts Receivable from Customers, continued As of December 31, 2017, the composition of the loan portfolio under IAS 39 is as follows: Gross assets Allowances for loan losses As of December 31, 2017 Normal Impaired Totals Individual Group Totals Net assets MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Commercial loans: Commercial loans 10,345,995 770,081 11,116,076 263,552 117,666 381,218 10,734,858 Foreign trade loans 650,959 49,774 700,733 21,617 7,638 29,255 671,478 Checking accounts debtors 131,332 8,016 139,348 1,903 2,848 4,751 134,597 Factoring transactions 140,375 363 140,738 270 93 363 140,375 Student loans 598,108 54,895 653,003 — 12,794 12,794 640,209 Leasing transactions 851,882 88,907 940,789 10,445 6,837 17,282 923,507 Other commercial loans and receivables 24,261 1,598 25,859 365 886 1,251 24,608 Subtotals 12,742,912 973,634 13,716,546 298,152 148,762 446,914 13,269,632 Mortgage loans: Loans with mortgage finance bonds 44,432 2,968 47,400 — 140 140 47,260 Endorsable mortgage mutual loans 127,153 8,766 135,919 — 1,816 1,816 134,103 Other mortgage mutual loans 3,507,384 153,516 3,660,900 — 23,736 23,736 3,637,164 Mortgage leasing transactions 272,544 9,591 282,135 — 8,960 8,960 273,175 Other mortgage loans and receivables 24,231 2,168 26,399 — 367 367 26,032 Subtotals 3,975,744 177,009 4,152,753 — 35,019 35,019 4,117,734 Consumer loans: Installment consumer loans 1,725,652 84,397 1,810,049 — 100,068 100,068 1,709,981 Checking account debtors 193,325 14,176 207,501 — 11,840 11,840 195,661 Credit card balances 405,786 15,383 421,169 — 19,664 19,664 401,505 Consumer leasing transactions 10,832 344 11,176 — 398 398 10,778 Other consumer loans and receivables 60,651 2,760 63,411 — 4,624 4,624 58,787 Subtotals 2,396,246 117,060 2,513,306 — 136,594 136,594 2,376,712 Totals 19,114,902 1,267,703 20,382,605 298,152 320,375 618,527 19,764,078 |
Schedule of Loan Portfolio Before Allowances for Loan Losses by Customer Economic | As of December 31, 2018 and 2017, the loan portfolio before allowances for loan losses by customer economic activity was as follows: As of December 31, 2018 Local loans Foreign loans Totals Distribution percentage MCh$ MCh$ MCh$ % Commercial loans Manufacturing 982,497 114,714 1,097,211 5.11 % Mining 424,883 252,894 677,777 3.16 % Electricity, gas and water 600,667 356,706 957,373 4.46 % Agriculture and livestock 207,271 139,098 346,369 1.61 % Forestry and wood extraction 24,511 5,172 29,683 0.14 % Fishing 1,945 1,530 3,475 0.02 % Transport 509,354 191,047 700,401 3.26 % Communications 23,886 62,191 86,077 0.40 % Construction 1,436,096 310,530 1,746,626 8.13 % Commerce 861,291 758,817 1,620,108 7.54 % Services 2,735,023 1,137,037 3,872,060 18.02 % Others 2,436,337 793,403 3,229,740 15.03 % Subtotals 10,243,761 4,123,139 14,366,900 66.88 % Mortgage loans 3,852,962 592,865 4,445,827 20.70 % Consumer loans 1,750,986 918,777 2,669,763 12.43 % Total 15,847,709 5,634,781 21,482,490 100 % As of December 31, 2017 Local loans Foreign loans Totals Distribution percentage MCh$ MCh$ MCh$ % Commercial loans Manufacturing 784,608 255,883 1,040,491 5.10 % Mining 363,065 280,996 644,061 3.16 % Electricity, gas and water 589,067 347,416 936,483 4.59 % Agriculture and livestock 205,333 210,597 415,930 2.04 % Forestry and wood extraction 22,975 15,832 38,807 0.19 % Fishing 1,527 12,385 13,912 0.07 % Transport 461,486 206,991 668,477 3.28 % Communications 29,296 65,143 94,439 0.46 % Construction 1,368,057 270,063 1,638,120 8.04 % Commerce 815,184 897,666 1,712,850 8.40 % Services 2,616,171 1,164,562 3,780,733 18.55 % Others 2,322,773 409,470 2,732,243 13.40 % Subtotals 9,579,542 4,137,004 13,716,546 67.30 % Mortgage loans 3,635,993 516,760 4,152,753 20.37 % Consumer loans 1,544,062 969,244 2,513,306 12.33 % Total 14,759,597 5,623,008 20,382,605 100 % |
Movements in Credit Risk Provisions | Movements in allowances for loan losses during the year ended December 31, 2018, under IFRS 9, detailed as follows: Individually assessed Group assessed Stage 1 Stage 2 Stage 3 Subtotals Stage 1 Stage 2 Stage 3 Subtotals Totals 12-Month Lifetime Lifetime 12-Month Lifetime Lifetime Balances as of January 1, 2018 — 49,389 32,736 82,125 126,230 248,129 284,089 658,448 740,573 Changes in the allowances - Net transfers to stage 1 — — — — — 36,325 41,471 77,796 77,796 - Net transfer to stage 2 — — — — (5,233 ) — 49,097 43,864 43,864 - Net transfer to stage 3 — — — — (4,354 ) (22,811 ) — (27,165 ) (27,165 ) - Increases due to change in credit risk — 3,732 16,587 20,319 18,307 18,459 28,670 65,436 85,755 - Decreases due to change in credit risk — (532 ) (1,706 ) (2,238 ) (23,460 ) (27,162 ) (9,105 ) (59,727 ) (61,965 ) - Charge-offs (21,316 ) (18,559 ) (95,091 ) (134,966 ) (134,966 ) - Changes due to modifications that did not result in derecognition — New financial assets originated or purchased — 6,428 17,037 23,465 66,074 54,568 77,069 197,711 221,176 Financial assets that have been derecognized — (20,636 ) (15,355 ) (35,991 ) (19,950 ) (58,405 ) (78,728 ) (157,083 ) (193,074 ) Net transfer from (to) group assessed — 7,772 38,158 45,930 138 (1,761 ) (38,158 ) (39,781 ) 6,149 Foreign exchange and other movements 2,056 3,664 4,257 9,977 9,977 Balances as of December 31, 2018 — 46,153 87,457 133,610 138,492 232,447 263,571 634,510 768,120 The detail by type of portfolio (commercial, mortgage and consumer) is as follow: Individually assessed Group assessed Stage 1 Stage 2 Stage 3 Subtotals Stage 1 Stage 2 Stage 3 Subtotals Totals Commercial 12-Month Lifetime Lifetime 12-Month Lifetime Lifetime Balances as of January 1, 2018 — 49,389 32,736 82,125 63,093 131,854 211,463 406,410 488,535 Changes in the allowances - Net transfers to stage 1 — — — — — 14,148 24,174 38,322 38,322 - Net transfer to stage 2 — — — — (1,047 ) — 39,461 38,414 38,414 - Net transfer to stage 3 — — — — (3,426 ) (18,176 ) — (21,602 ) (21,602 ) - Increases due to change in credit risk — 3,732 16,587 20,319 8,594 6,716 12,823 28,133 48,452 - Decreases due to change in credit risk — (532 ) (1,706 ) (2,238 ) (12,651 ) (10,713 ) (8,321 ) (31,685 ) (33,923 ) - Charge-offs (10,983 ) (7,447 ) (57,566 ) (75,996 ) (75,996 ) - Changes due to modifications that did not result in derecognition — New financial assets originated or purchased — 6,428 17,037 23,465 27,419 16,594 42,544 86,557 110,022 Financial assets that have been derecognized — (20,636 ) (15,355 ) (35,991 ) (10,395 ) (23,782 ) (50,516 ) (84,693 ) (120,684 ) Net transfer from (to) group assessed — 7,772 38,158 45,930 138 (1,761 ) (38,158 ) (39,781 ) 6,149 Foreign exchange and other movements 1,229 2,372 3,417 7,018 7,018 Balances as of December 31, 2018 — 46,153 87,457 133,610 61,971 109,805 179,321 351,097 484,707 Stage 1 Stage 2 Stage 3 Mortgage 12-Month Lifetime Lifetime Totals Balances as of January 1, 2018 3,962 37,460 19,049 60,471 Changes in the allowances - Transfer to stage 1 — 5,344 2,644 7,988 - Transfer to stage 2 (206 ) — 4,253 4,047 - Transfer to stage 3 (73 ) (2,918 ) — (2,991 ) - Increases due to change in credit risk 1,203 5,921 1,619 8,743 - Decreases due to change in credit risk (394 ) (7,002 ) (321 ) (7,717 ) - Write-Offs — (13 ) (2,491 ) (2,504 ) - Changes due to modifications that did not result in derecognition — New financial assets originated or purchased 1,639 1,577 405 3,621 Financial assets that have been derecognized (399 ) (2,792 ) (2,710 ) (5,901 ) Changes in models/risk parameters — Foreign exchange and other movements 24 223 113 360 Balances as of December 31, 2018 5,756 37,800 22,561 66,117 Consumer Stage 1 Stage 2 Stage 3 Totals 12-Month Lifetime Lifetime Balances as of January 1, 2018 59,175 78,815 53,577 191,567 Changes in the allowances - Transfer to stage 1 — 16,833 14,653 31,486 - Transfer to stage 2 (3,980 ) — 5,383 1,403 - Transfer to stage 3 (855 ) (1,717 ) — (2,572 ) - Increases due to change in credit risk 8,510 5,822 14,228 28,560 - Decreases due to change in credit risk (10,415 ) (9,447 ) (463 ) (20,325 ) - Write-Offs (10,333 ) (11,099 ) (35,034 ) (56,466 ) - Changes due to modifications that did not result in derecognition New financial assets originated or purchased 37,016 36,397 34,120 107,533 Financial assets that have been derecognized (9,156 ) (31,831 ) (25,502 ) (66,489 ) Changes in models/risk parameters Foreign exchange and other movements 803 1,069 727 2,599 Balances as of December 31, 2018 70,765 84,842 61,689 217,296 Movements in credit risk provisions during the years ended December 31, 2017, under IAS 39, detailed as follows: Note Individual Group Total MCh$ MCh$ MCh$ Balances as of January 1, 2017 366,058 193,246 559,304 Portfolio charge-offs Commercial loans (69,702 ) (39,648 ) (109,350 ) Mortgage loans — (8,303 ) (8,303 ) Consumer loans — (115,708 ) (115,708 ) Total charge-offs (69,702 ) (163,659 ) (233,361 ) Allowances established 338,701 480,567 819,268 Allowances released (302,504 ) (169,801 ) (472,305 ) Application of provisions (9,760 ) — (9,760 ) Exchange rate differences (24,641 ) (19,978 ) (44,619 ) Balances as of December 31, 2017 10a ) 298,152 320,375 618,527 |
Schedule of Detail of Loans and Receivables Sold | As of December 31, 2018 and 2017, the Bank and its subsidiaries derecognized 100% of its sold portfolio, thus complying with the requirements of the accounting policy for derecognizing financial assets and liabilities in Note 1, letter l), point iv) of the annual Consolidated Financial Statements. The main sales during 2018 and 2017 were of loans related to Law 20,027, which are detailed in point d.2). For the year ended December 31, 2018 For the year ended December 31, 2017 Portfolio Loan value Allowances Sale price Adjustment to EIR Net effect on income Loan value Allowances Sale price Adjustment Net effect on MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Current 62,261 24,797 24,662 — (12,802 ) 22,739 5,619 14,715 — (2,405 ) Charged-off — — 1,132 — 1,132 — — 1,674 — 1,674 Totals 62,261 24,797 25,794 — (11,670 ) 22,739 5,619 16,389 — (731 ) d.2 CAE portfolio sale For the year ended December 31, 2018, a gain was recognized amounting to MCh$13,272 (MCh$15,852 for the year ended December 31, 2017) corresponding to the income generated in the sale included directly in the Consolidated Statement of Income under “Net income from financial operations”. An adjustment to the effective interest rate for MCh$11,768 as of December 31, 2018 (MCh$14,058 as of December 31, 2017) is allocated to the portion of the CAE portfolio that was classified as loans at amortized cost, recognizing an effective interest rate equivalent for all these operations, according to IFRS 9 (IAS 39 in 2017). For the year ended December 31, 2018 For the year ended December 31, 2017 Portfolio Loan value Allowances Sale price Adjustment Net effect on Loan value Allowances Sale Adjustment Net effect on MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ CAE 95,521 119 120,442 11,768 13,272 118,027 212 147,725 14,058 15,852 |
Schedule of Cash Flows to be Received from Finance Lease Contracts | As of December 31, 2018 and 2017, the Bank’s scheduled cash flows to be received from finance lease contracts have the following maturities: Total receivable Unearned income Net lease receivable As of December 31, As of December 31, As of December 31, 2018 2017 2018 2017 2018 2017 MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Up to 1 month 29,177 29,846 1,310 3,677 27,867 26,169 More than 1 month to 3 months 31,278 32,672 2,636 2,857 28,642 29,815 More than 3 months up to 1 year 116,526 120,691 10,621 11,596 105,905 109,095 More than 1 year up to 3 years 257,976 262,576 31,491 33,717 226,485 228,859 More than 3 years up to 6 years 284,920 283,010 54,922 57,453 229,998 225,557 More than 6 years 1,077,447 1,062,625 449,864 448,020 627,584 614,605 Totals 1,797,324 1,791,420 550,844 557,320 1,246,481 1,234,100 As of December 31, 2018 2017 Leasing transactions MCh$ MCh$ Commercial 928,160 940,789 Mortgage 312,118 282,135 Consumer 6,203 11,176 Totals 1,246,481 1,234,100 |
Investment instruments (Tables)
Investment instruments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Detail of Financial Instruments Measured at FVOCI | As of December 31, 2018, the detail of financial instruments measured at FVOCI and at amortized cost is as follows: As of December 31, 2018 At FVTOCI At amortized cost Totals MCh$ MCh$ MCh$ Securities quoted in active markets Chilean Central Bank and Government securities Chilean Central Bank securities 411,431 — 411,431 Chilean Treasury bonds 913,041 — 913,041 Other government securities 27,612 — 27,612 Other local institutions financial instruments Time deposits in local banks 185,501 — 185,501 Mortgage finance bonds 50 — 50 Chilean financial institutions bonds — — — Other local financial investments 5,979 — 5,979 Foreign institutions financial instruments Foreign Governments and Central Banks financial instruments 769,693 198,923 968,616 Other foreign financial instruments 332,560 — 332,560 Investments not quoted in active markets Corporate bonds 4,909 — 4,909 Other financial instruments at FVOCI 6,378 — 6,378 Totals 2,657,154 198,923 2,856,077 |
Summary of Portfolio of Debt Securities Classified as Investment Instruments at Fair Value through Other Comprehensive Income Includes Impairment | As of December 31, 2018 the portfolio of debt securities classified as investment instruments at fair value through other comprehensive income includes impairment movements as summarized below: Financial instruments at FVOCI Stage 1 Stage 2 Stage 3 Totals 12-Month ECL Lifetime ECL Lifetime ECL Balances as of December 31, 2017 — — — — Restatement of the prior year due to IFRS 9 adoption 520 — — 520 Balances as of January 1, 2018 520 — — 520 Changes in the allowances - Transfer to stage 1 — — — — - Transfer to stage 2 — — — — - Transfer to stage 3 — — — — - Increases due to change in credit risk — — — — - Decreases due to change in credit risk — — — — - Charge-offs — — — — - Changes due to modifications that did not result in derecognition — — — — New financial assets originated or purchased 25 — — 25 Financial assets that have been derecognized (411 ) — — (411 ) Changes in models/risk parameters — — — — Foreign exchange and other movements — — — — Balances as of December 31, 2018 134 — — 134 |
Summary of Portfolio of Investment Instruments at Amortized Cost Includes Impairment | As of December 31, 2018 the portfolio of investment instruments at amortized cost includes impairment movements as summarized below: Financial instruments at Amortized cost Stage 1 Stage 2 Stage 3 Totals 12-Month ECL Lifetime ECL Lifetime ECL Balances as of December 31, 2017 — — — — Restatement of the prior year due to IFRS 9 adoption 37 — — 37 Balances as of January 1, 2018 37 — — 37 Changes in the allowances - Transfer to stage 1 — — — — - Transfer to stage 2 — — — — - Transfer to stage 3 — — — — - Increases due to change in credit risk — — — — - Decreases due to change in credit risk (50 ) — — (50 ) - Charge-offs — — — — - Changes due to modifications that did not result in derecognition — — — — New financial assets originated or purchased — — — — Financial assets that have been derecognized — — — — Changes in models/risk parameters — — — — Foreign exchange and other movements — — — — Balances as of December 31, 2018 (13 ) — — (13 ) |
Schedule of Unrealized Gains and Losses on the FVTOCI Portfolio | Unrealized gains and losses of the FVTOCI portfolio as of December 31, 2018 are detailed as follows: As of December 31, 2018 Acquisition cost Unrealized Fair value Gain Losses Securities quoted in active markets Chilean Central Bank and Government securities Chilean Central Bank instruments 411,223 533 (325 ) 411,431 Chilean Treasury bonds 911,596 2,458 (1,013 ) 913,041 Other government securities 28,131 — (519 ) 27,612 Other local institutions financial instruments Time deposits in local banks 185,468 70 (37 ) 185,501 Mortgage finance bonds 50 — — 50 Chilean financial institutions bonds — — — — Other local financial investments 4,001 1,978 — 5,979 Foreign institutions financial instruments Foreign governments and Central Banks financial instruments 752,791 24,505 (7,603 ) 769,693 Other foreign financial instruments 329,196 5,741 (2,377 ) 332,560 Investments not quoted in active markets Corporate bonds 4,924 5 (20 ) 4,909 Other financial instruments at FVOCI 4,324 2,054 — 6,378 Totals 2,631,704 37,344 (11,894 ) 2,657,154 Unrealized gains and losses of the available for sale portfolio as of December 31, 2017 are detailed as follows: As of December 31, 2017 Amortized cost Unrealized Fair value Gain Losses Securities quoted in active markets Chilean Central Bank and Government securities Chilean Central Bank securities 688,770 806 (1,631 ) 687,945 Chilean Treasury bonds 1,081,633 3,526 (3,280 ) 1,081,879 Other government securities 14,206 — (153 ) 14,053 Other local institutions financial instruments Time deposits in local banks 114,073 — (35 ) 114,038 Mortgage finance bonds 64 — — 64 Chilean financial institutions bonds 9,034 25 (27 ) 9,032 Other local financial investments 3,942 2,217 — 6,159 Foreign institutions financial instruments Foreign Governments and Central Banks financial instruments 416,995 3,921 (229 ) 420,687 Other foreign financial instruments 281,833 19,090 (183 ) 300,740 Investments not quoted in active markets Corporate bonds 17,964 505 — 18,469 Other financial instruments 10,412 — — 10,412 Totals 2,638,926 30,090 (5,538 ) 2,663,478 |
Detail of Financial Instruments Measured at Fair Value Through Other Comprehensive Income and Financial Instruments Available for Sale and Held to Maturity | As of December 31, 2017, the detail of available for sale and held to maturity financial instruments is as follows: As of December 31, 2017 Available for sale Held to maturity Total MCh$ MCh$ MCh$ Securities quoted in active markets Chilean Central Bank and Government securities Chilean Central Bank securities 687,945 — 687,945 Chilean Treasury bonds 1,081,879 — 1,081,879 Other government securities 14,053 — 14,053 Other local institutions financial instruments Time deposits in local banks 114,038 — 114,038 Mortgage finance bonds 64 — 64 Chilean financial institutions bonds 9,032 — 9,032 Other local financial investments 6,159 — 6,159 Foreign institutions financial instruments Foreign governments and Central Banks financial instruments 420,687 — 420,687 Other foreign financial instruments 300,740 202,030 502,770 Investments not quoted in active markets Corporate bonds 18,469 — 18,469 Other financial instruments 10,412 — 10,412 Total 2,663,478 202,030 2,865,508 |
Intangible assets (Tables)
Intangible assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Schedule of Intangibles Assets | a. Composition of intangibles assets as of December 31, 2018 and 2017 is as follows: Concept Useful Remaining Net assets as Gross Accumulated Net assets as 31, 2018 MCh$ MCh$ MCh$ MCh$ Computer equipment system or software 6 3 113,355 263,179 (111,339 ) 151,840 IT projects and licenses 6 2 16,663 42,601 (29,987 ) 12,614 Assets generated in business combination 1,431,990 1,518,599 (112,583 ) 1,406,016 Goodwill — — 1,126,663 1,135,392 — 1,135,392 Trademarks 10 8 42,106 51,432 (14,430 ) 37,002 Customer relationship 12 10 76,038 93,591 (24,332 ) 69,259 Core deposits 9 7 187,183 238,184 (73,821 ) 164,363 Other projects 10 1 646 3,645 (3,151 ) 494 Totals 1,562,654 1,828,024 (257,060 ) 1,570,964 Concept Useful Remaining Net assets as Gross Accumulated Net assets as 31, 2017 MCh$ MCh$ MCh$ MCh$ Computer equipment system or software 6 5 87,324 203,080 (89,725 ) 113,355 IT projects and licenses 6 5 21,300 42,474 (25,811 ) 16,663 Assets generated in business combination 1,505,034 1,502,615 (70,625 ) 1,431,990 Goodwill 1,145,308 1,126,663 — 1,126,663 Trademarks 10 9 47,209 51,417 (9,311 ) 42,106 Customer relationship 12 11 89,827 91,046 (15,008 ) 76,038 Core deposits 9 8 222,690 233,489 (46,306 ) 187,183 Other projects 10 1 817 3,645 (2,999 ) 646 Totals 1,614,475 1,751,814 (189,160 ) 1,562,654 |
Schedule of Movement of Intangible Assets | Movements on gross balances of intangible assets as of December 31, 2018 and 2017 are as follows: Computer IT projects Assets Goodwill Other Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2018 203,080 42,474 375,952 1,126,663 3,645 1,751,814 Acquisitions 58,085 111 — — — 58,196 Disposals (147 ) — — — — (147 ) Exchange differences 2,161 16 7,255 8,729 — 18,161 Balances as of December 31, 2018 263,179 42,601 383,207 1,135,392 3,645 1,828,024 Computer IT projects Assets Goodwill Other Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2017 162,385 42,447 391,583 1,145,308 3,645 1,745,368 Acquisitions 42,867 36 — — — 42,903 Disposals (123 ) — — — — (123 ) Exchange differences (2,049 ) (9 ) (15,631 ) (18,645 ) — (36,334 ) Balances as of December 31, 2017 203,080 42,474 375,952 1,126,663 3,645 1,751,814 |
Schedule of Movements of Accumulated Amortization of Intangible Assets | Movements on accumulated amortization of intangible assets for the years ended December 31, 2018 and 2017 are as follows: Computer IT projects and Assets Other projects Totals MCh$ MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2018 (89,725 ) (25,811 ) (70,625 ) (2,999 ) (189,160 ) Amortization for the year (20,868 ) (4,164 ) (40,976 ) (150 ) (66,158 ) Exchange differences (746 ) (12 ) (982 ) (2 ) (1,742 ) Balances as of December 31, 2018 (111,339 ) (29,987 ) (112,583 ) (3,151 ) (257,060 ) Computer IT projects and Assets Other projects Totals MCh$ MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2017 (75,061 ) (21,147 ) (31,857 ) (2,828 ) (130,893 ) Amortization for the year (16,607 ) (4,672 ) (41,038 ) (158 ) (62,475 ) Exchange differences 1,943 8 2,270 (13 ) 4,208 Balances as of December 31, 2017 (89,725 ) (25,811 ) (70,625 ) (2,999 ) (189,160 ) |
Property, plant and equipment (
Property, plant and equipment (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Schedule of Property, Plant and Equipment | a. Property, plant and equipment as of December 31, 2018 and 2017 are broken down as follows. Useful life Remaining Net assets as 1, 2018 Gross Accumulated Net assets as of December 31, 2018 MCh$ MCh$ MCh$ MCh$ Land and buildings 19 14 83,151 65,843 (22,778 ) 43,065 Equipment 3 1 25,160 80,383 (47,776 ) 32,607 Others 3 2 22,268 50,248 (30,356 ) 19,892 Furniture 10,357 27,440 (18,067 ) 9,373 Leased assets — 28 (28 ) — Others 11,911 22,780 (12,261 ) 10,519 Totals 130,579 196,474 (100,910 ) 95,564 Useful life Remaining Net assets as 1, 2017 Gross Accumulated Net assets as of December 31, 2017 MCh$ MCh$ MCh$ MCh$ Land and buildings 25 16 78,034 118,481 (35,330 ) 83,151 Equipment 5 1 25,997 65,018 (39,858 ) 25,160 Others 8 3 17,012 50,773 (28,505 ) 22,268 Furniture 8,418 27,860 (17,503 ) 10,357 Leased assets 50 28 (28 ) — Others 8,544 22,885 (10,974 ) 11,911 Totals 121,043 234,272 (103,693 ) 130,579 |
Schedule of Movement of Property, Plant and Equipment | b. Movements on gross balances as of December 31, 2018, and 2017, are as follows: Land and buildings Equipment Other Totals MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2018 118,481 65,018 50,773 234,272 Acquisitions 6,207 16,253 2,296 24,756 Sales and/or disposals for the year (14,010 ) (2,334 ) (3,187 ) (19,531 ) Reclassification to assets held for sale (*) (45,123 ) (101 ) (101 ) (45,325 ) Exchange differences 288 1,547 467 2,302 Balances as of December 31, 2018 65,843 80,383 50,248 196,474 (*) See detail in Note 15 “Other assets and non-current Land and buildings Equipment Other Totals MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2017 107,989 62,007 42,726 212,722 Acquisitions 27,125 7,853 9,274 44,252 Sales and/or disposals for the year (12,636 ) (2,241 ) (952 ) (15,829 ) Exchange differences (3,997 ) (2,601 ) (275 ) (6,873 ) Balances as of December 31, 2017 118,481 65,018 50,773 234,272 |
Schedule of Movements of Accumulated Depreciation of Property, Plant and Equipment | c. Movements of accumulated depreciation of property, plant and equipment for years ended December 31, 2018 and 2017, are as follows: Land and buildings Equipment Other Total MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2018 (35,330 ) (39,858 ) (28,505 ) (103,693 ) Depreciation for the year (7,833 ) (9,182 ) (3,644 ) (20,659 ) Sales and/or disposals for the year 6,796 2,237 2,429 11,462 Reclassification to assets held for sale (*) (883 ) (987 ) (705 ) (2,575 ) Exchange differences 14,472 42 69 14,583 Impairment — (28 ) — (28 ) Balances as of December 31, 2018 (22,778 ) (47,776 ) (30,356 ) (100,910 ) (*) See detail in Note 15 “Other assets and non-current Land and buildings Equipment Other Total MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2017 (29,955 ) (36,010 ) (25,714 ) (91,679 ) Depreciation of the year (7,218 ) (8,054 ) (4,098 ) (19,370 ) Sales and/or disposals for the year — 2,178 481 2,659 Exchange Differences 1,843 2,055 826 4,724 Impairment — (27 ) — (27 ) Balances as of December 31, 2017 (35,330 ) (39,858 ) (28,505 ) (103,693 ) |
Schedule of Finance Lease Contracts | As of December 31, 2018 and 2017, the Bank has contracts of operating lease that cannot be cancel unilaterally. The information for future payments is as follows : Future operating lease payments for land, buildings and equipment Up to 1 year Between 1 and Over 5 Totals MCh$ MCh$ MCh$ MCh$ As of December 31, 2018 23,140 59,171 54,892 137,203 As of December 31, 2017 23,021 76,949 103,195 203,165 |
Schedule of Operating Lease Contracts | As of December 31, 2018 and 2017, the Bank holds finance lease contracts that cannot be rescinded or unilaterally terminated. The future payment information is detailed as follows: Future financial leasing payments for land, buildings and equipment Up to 1 year Between 1 and Over 5 Totals MCh$ MCh$ MCh$ MCh$ As of December 31, 2018 9,373 181,804 45,451 236,628 As of December 31, 2017 9,078 43,730 43,730 96,538 |
Current Taxes and Deferred Ta_2
Current Taxes and Deferred Taxes (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Schedule of Effect of Current Taxes Assets and Liabilities By Geographic Area | a.1) Current taxes assets and liabilities by geographical area: As of December 31, 2018 As of December 31, 2017 Chile USA (*) Colombia Totals Chile USA (*) Colombia Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Current tax assets 68,094 2,161 52,874 123,129 202,093 — 36,359 238,452 Current tax liabilities (528 ) — (663 ) (1,191 ) (624 ) — — (624 ) Totas, net 67,566 2,161 52,211 121,938 201,469 — 36,359 237,828 |
Schedule of Effect on Income | a.2) Details of current tax items by geographical area: As of December 31, 2018 As of December 31, 2017 Chile USA (*) Colombia Total Chile USA (*) Colombia Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Income tax (81,487 ) — (14,273 ) (95,760 ) (8,332 ) — (11,357 ) (19,689 ) — — — — Less: — — — — Monthly Provisional Payment 21,424 — 1,544 22,968 49,529 — 2,940 52,469 Tax Credit for Training Costs 800 — — 800 — — — — Tax Credit Donations 745 — — 745 831 — — 831 Other taxes to be recovered (**) 126,084 2,161 64,940 193,185 159,441 — 44,776 204,217 Totals 67,566 2,161 52,211 121,938 201,469 — 36,359 237,828 (*) Corresponds to the subsidiary located in New York. (**) The other taxes to be recovered correspond mainly to monthly provisional payments paid in previous years, credits for training expenses, provisional payments for absorbed utilities with right to return, among others. |
Schedule of Effect on Income | The tax expense for the years ended December 31, 2018, 2017 and 2016 is comprised of the following items: 2018 2017 2016 MCh$ MCh$ MCh$ Income tax expense Current tax expense (95,760 ) (19,689 ) (19,326 ) Deferred taxes Deferred tax expenses 28,110 74,611 23,105 Subtotals (67,650 ) 54,922 3,779 Others 591 (2,051 ) (211 ) Net expense for income taxes (67,059 ) 52,871 3,568 |
Schedule of Effective Tax Rate Reconciliation | The nominal tax rates of the countries where consolidated subsidiaries are located are: 2018 2017 2016 Tax rates Tax rates Tax rates Chile 27.0 % 25.5 % 24.0 % Colombia 37.0 % 40.0 % 40.0 % USA 21.0 % 35.0 % 35.0 % For the years ended December 31, 2018 2017 2016 Tax rate Amount Tax rate Amount Tax rate Amount % MCh$ % MCh$ % MCh$ Amount calculated by using the statutory rates 27.00 (63,157 ) 25.50 (2,538 ) 24.00 (2,617 ) Exchange differences due to investments in Colombia 13.47 (31,499 ) (204.84 ) 20,390 (1.06 ) 116 Equity price level restatement for tax purposes (9.49 ) 22,188 (141.93 ) 14,128 (129.59 ) 14,132 Local tax for USA and Panama income 0.02 (54 ) (98.46 ) 9,801 57.55 (6,276 ) Effect of rate change Chile — — (51.68 ) 5,144 (36.27 ) 3,955 Tax Reform USA 35%-21% — — 95.21 (9,477 ) — — Effect of rate change Colombia (0.01 ) 20 47.07 (4,685 ) (21.57 ) 2,352 Effect of rates New York subsidiary (**) (0.18 ) 433 14.65 (1,458 ) (20.52 ) 2,238 Effect of rates Colombia subsidiary (**) 0.50 (1,173 ) (54.55 ) 5,430 (34.06 ) 3,714 Penalty fee SBIF 0.69 (1,616 ) — — — — Permanent and other differences (*) (3.33 ) 7,799 (162.11 ) 16,136 128.80 (14,046 ) Totals 28.67 (67,059 ) (531.14 ) 52,871 (32.72 ) 3,568 (*) Other includes, mainly, a) benefits derived from the tax effect of goodwill from business combinations in Colombia made by Corpbanca prior to the acquisition of Itaú, amounting to MCh$ 11,276 in 2018, MCh$20,568 in 2017, and MCh$14,276 in 2016 and b) the 2016 period includes effects of wealth tax in Colombia and one-time (**) This line reflects the differences in tax rates in other jurisdictions, based on the Bank’s consolidated results. |
Schedule of "OCI" that may be Reclassified Subsequent to Profit or Loss | The table below sets for a summary of the deferred tax effect on other comprehensive income for the years ended December 31, 2018, 2017 and 2016, which consists of the following items: d.1 Tax effect of “OCI” that may be reclassified subsequently to profit or loss: 2018 2017 2016 MCh$ MCh$ MCh$ Financial instruments at fair value through other comprehensive income (2,172 ) — — Available for sale investments — (3,333 ) (4,025 ) Hedge of a net investment in foreign operations 10,565 (14,211 ) (2,685 ) Cash flow hedge (1,669 ) 44 1,345 Total charge to other comprehensive income 6,724 (17,500 ) (5,365 ) d.2 “OCI” that may not be reclassified subsequently to profit or loss: 2018 2017 2016 MCh$ MCh$ MCh$ Income tax relating to defined benefit obligation (44 ) (6 ) 1,090 Total charge to other comprehensive income (44 ) (6 ) 1,090 |
Summary of Effect for Deferred Taxes Presented Assets and Liabilities | Detail of effects for deferred taxes presented in assets and liabilities is as follows: As of December 31, 2018 As of December 31, 2017 Assets (*) Liabilities (*) Net Assets (*) Liabilities (*) Net MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Allowances for loan losses 124,408 — 124,408 105,479 17,621 123,100 Accrued interest on past due portfolio 7,377 — 7,377 6,970 — 6,970 Unearned price differences 288 — 288 220 — 220 Personnel provisions 18,220 (155 ) 18,065 7,891 4,659 12,550 Miscellaneous provisions 51,033 — 51,033 29,803 4,225 34,028 Tax losses 62,685 — 62,685 25,753 46,166 71,919 Net tax value of amortizable assets 14,739 — 14,739 20,683 — 20,683 Depreciation of property, plant and equipment (42,581 ) — (42,581 ) (34,169 ) (11,687 ) (45,856 ) Lease division and others 19,261 — 19,261 25,392 4,175 29,567 Mark to market of financial instruments (26,821 ) 138 (26,683 ) (12,259 ) (26,730 ) (38,989 ) Itaú-Corpbanca business combination (61,521 ) — (61,521 ) (18,139 ) (50,158 ) (68,297 ) Others 11,598 (454 ) 11,144 (16,939 ) (14,625 ) (31,564 ) Totals assets (liabilities) for deferred taxes 178,686 (471 ) 178,215 140,685 (26,354 ) 114,331 |
Schedule of Deferred Taxes by Geographic Area | e.2 Deferred taxes by geographic area: As of December 31, 2018 As of December 31, 2017 Chile USA Colombia Total Chile USA Colombia Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Deferred tax assets 130,883 20,311 27,492 178,686 125,917 14,768 — 140,685 Deferred tax liabilities — — (471 ) (471 ) (53 ) — (26,301 ) (26,354 ) Net by geographic area 130,883 20,311 27,021 178,215 125,864 14,768 (26,301 ) 114,331 |
Schedule of Effects of Deferred Taxes on Assets and Liabilities | Effects of deferred taxes on assets and liabilities arising from temporary differences (by geographic area) are as follows: As of December 31, 2018 As of December 31, 2017 Chile USA Colombia Total Chile USA Colombia Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Allowances for loan losses 99,621 (4,531 ) 29,318 124,408 93,864 11,615 17,621 123,100 Accrued interest on past due portfolio 7,377 — — 7,377 6,970 — — 6,970 Unearned price differences 288 — — 288 220 — — 220 Personnel provisions 13,871 139 4,055 18,065 7,829 282 4,439 12,550 Miscellaneous provisions 43,824 3,843 3,366 51,033 28,582 1,221 4,225 34,028 Tax losses 2,460 11,034 49,191 62,685 16,607 9,146 46,166 71,919 Net tax value of amortizable assets 14,739 — — 14,739 20,683 — — 20,683 Depreciation of property, plant and equipment (37,513 ) — (5,068 ) (42,581 ) (34,308 ) — (11,548 ) (45,856 ) Lease division and others 9,422 — 9,839 19,261 25,392 — 4,175 29,567 Mark to market of financial instruments (6,535 ) — (20,148 ) (26,683 ) (12,259 ) — (26,730 ) (38,989 ) Itaú-Corpbanca business combination (16,613 ) — (44,908 ) (61,521 ) (18,139 ) — (50,158 ) (68,297 ) Others (58 ) 9,826 1,376 11,144 (9,577 ) (7,496 ) (14,491 ) (31,564 ) Totals assets (liabilities), net 130,883 20,311 27,021 178,215 125,864 14,768 (26,301 ) 114,331 |
Other assets and assets non-c_2
Other assets and assets non-current assets held for sale (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Schedule of Other Assets | The detail of other assets is as follows: As of December 31, 2018 2017 MCh$ MCh$ Assets for leasing (1) 33,991 25,741 Other assets 467,806 403,284 Deposits in guarantee 30,016 28,539 Accounts and notes receivable (2) 147,248 167,450 Rights on brokerage transactions 52,361 33,247 Repossessed assets from leasing transactions 5,368 9,733 Hedge accounting valuation adjustments 12,800 13,980 Rentals paid in advance (3) 5,698 7,960 Prepaid expenses (4) 19,674 13,501 Collateral for financial transactions (threshold) 155,641 88,520 Claims receivable from insurance companies 360 690 Asset management fees receivable 1,496 986 Insurance brokerage fees receivable 6,537 4,236 Other assets 30,607 34,442 Totals 501,797 429,025 (1) Property, plant and equipment acquired to be ceded under financial leases. (2) This includes rights and accounts receivable that fall outside the Bank’s line of business such as tax credits, cash guarantee deposits and other balances pending of collection. (3) Leases paid in advance to SMU S.A. in connection with ATM locations (see Note 32, letter b) (4) Includes payments made in advance for different services that will be received (leases, insurance, and others). |
Schedule of Non-Currents Assets | The detail of non-currents As of December 31, 2018 2017 MCh$ MCh$ Assets received in lieu of payment 29,060 18,308 Property, plant and equipment held for sale (1) 30,742 — Totals 59,802 18,308 (1) Corresponds to buildings owned by Itaú Corpbanca Colombia S.A. held for sale, as approved by the Board of Directors of the entity, during the meeting held on July 31, 2018. |
Deposits and Other Demand Lia_2
Deposits and Other Demand Liabilities and Time Deposits (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Schedule of Deposits and Other Demand Liabilities | As of December 31, 2018 and 2017 deposits and other demand liabilities are as follow: As of December 31, 2018 2017 MCh$ MCh$ Checking accounts 2,570,436 2,473,283 Other deposits and demand accounts 1,396,573 1,363,017 Advance payments received from customers 79,801 131,169 Other demand liabilities 253,665 174,198 Totals 4,300,475 4,141,667 |
Schedule of Time Deposits and Other Time Liabilities | As of December 31, 2018 and 2017 the composition of time deposits and other time liabilities is as follows: As of December 31, 2018 2017 MCh$ MCh$ Time deposits 10,093,703 10,036,583 Time savings accounts 27,156 28,410 Other time liabilities 252 250 Totals 10,121,111 10,065,243 |
Interbank Borrowings (Tables)
Interbank Borrowings (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Schedule of InterbankBorrowings | a. As of December 31, 2018 and 2017, interbank borrowings are as follows: As of December 31, 2018 2017 MCh$ MCh$ Loans obtained from local financial institutions Banco de Chile — 21,958 Banco BTG Pactual Chile 5,863 — Subtotals 5,863 21,958 Loans obtained from foreign financial institutions Sumitomo Mitsui Banking Corporation 242,883 145,156 Wells Fargo Bank, N.A. 209,615 157,029 Credicorp Capital SASAF 175,326 125,706 Bank of America, N.A. 153,546 248,514 IFC Corporación Financiera Internacional 145,817 187,507 Citibank N.A. 118,975 168,232 Scotia Fondos Sociedad Administradora de Fondos S.A. 108,979 62,205 Bank of Montreal 106,586 42,836 Corporación Andina de Fomento 104,273 30,724 BNP Paribas 91,072 39,480 Banco Crédito del Perú 90,022 31,031 Bancoldex S.A. (Colombia) 80,394 100,834 Commerzbank A.G. 75,032 89,274 BBVA Asset Management Continental S.A. (Perú) 73,481 39,791 Standard Chartered Bank 68,169 140,397 Bank of Nova Scotia 65,802 65,442 Banco Latinoamericano de Exportación 52,817 57,132 Interfondos S.A. Sociedad Administradora de Fondos 45,149 19,906 HSBC USA 43,214 15,362 Findeter S.A. Financiera del Desarrollo Territorial 38,364 49,528 Cobank C.B. 33,850 9,108 Mizuho Corporate Bank 31,763 39,480 Ing Bank NV 30,874 16,965 Apple Bank for Saving 18,147 12,290 Bancaribe Curacao Bank N.V. 12,694 13,831 Export Development Canada 11,199 30,724 Banco de Bogotá 8,560 4,118 China Construction Bank 5,155 14,133 Fondos SURA SAF S.A.C. 2,827 25,436 Shanghai Commercial & Savings Bank 2,244 6,145 The Export-IM 2,244 6,145 Bayern Landesbank 2,237 11,245 Banco República 1,805 15,119 Scotiabank Perú S.A 1,457 — Corporación Financiera de Desarrollo S.A (Cofide) — 10,407 Mercantil CA Banco Universal — 17,395 Deg Deutsche Investitions — 21,410 Kookmin Bank of New York — 12,324 Other banks 67,288 91,811 Subtotals 2,321,860 2,174,172 Totals 2,327,723 2,196,130 |
Schedule of Interbank Borrowings from Financial Institutions by Maturity | c. Interbank borrowings from financial institutions by maturity is as follows: As of December 31, 2018 2017 MCh$ MCh$ Within 1 year 1,829,814 1,475,588 After 1 year but within 2 years 319,870 422,911 After 2 years but within 3 years 17,595 106,260 After 3 years but within 4 years 77,993 15,154 After 4 years but within 5 years 11,644 73,536 After 5 years 70,807 102,681 Totals 2,327,723 2,196,130 |
Debt Instruments Issued and O_2
Debt Instruments Issued and Other Financial Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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Schedule of Composition | As of December 31, 2018 and 2017, composition of debt instruments issued and other financial liabilities is as follows: As of December 31, 2018 2017 MCh$ MCh$ Debt instruments issued Mortgage finance bonds 53,463 67,938 Senior bonds 4,882,341 4,840,918 Subordinated bonds 1,074,320 1,041,182 Subtotals 6,010,124 5,950,038 Other financial liabilities Liabilities with the public sector 10 — Borrowings from local financial institutions 12,390 16,255 Foreign borrowings — 811 Subtotals 12,400 17,066 Totals 6,022,524 5,967,104 |
Schedule of Debt Classified | Debt classified as short term includes demand obligations or obligations that will mature in less than one year. All other debt is classified as long term, and is detailed as follows: As of December 31, 2018 Long term Short term Totals MCh$ MCh$ MCh$ Mortgage finance bonds 43,029 10,434 53,463 Senior bonds 4,220,626 661,715 4,882,341 Subordinated bonds 1,052,111 22,209 1,074,320 Debt instruments issued 5,315,766 694,358 6,010,124 Other financial liabilities — 12,400 12,400 As of December 31, 2017 Long term Short term Totals MCh$ MCh$ MCh$ Mortgage finance bonds 55,678 12,260 67,938 Senior bonds 4,178,313 662,605 4,840,918 Subordinated bonds 1,041,182 — 1,041,182 Debt instruments issued 5,275,173 674,865 5,950,038 Other financial liabilities — 17,066 17,066 |
Summary of Maturities for Mortgage Finance Bonds | Detail of maturities for mortgage finance bonds is as follows: As of December 31, 2018 2017 MCh$ MCh$ Within 1 year 10,434 12,260 After 1 year but within 2 years 7,612 9,965 After 2 years but within 3 years 7,092 8,114 After 3 years but within 4 years 6,516 7,554 After 4 years but within 5 years 5,908 6,952 After 5 years 15,901 23,093 Totals 53,463 67,938 |
Schedule of Senior Bonds, by Currency | Details for senior bonds, by currency, are as follows: As of December 31, 2018 2017 MCh$ MCh$ Bonds in UF 3,568,532 3,258,201 Bonds in CLP 416,116 373,135 Bonds in USD 529,363 923,718 Bonds in COP 368,330 285,864 Totals 4,882,341 4,840,918 |
Schedule of Maturities for Senior Bonds | Detail of maturities for senior bonds is as follows: As of December 31, 2018 2017 MCh$ MCh$ Due within 1 year 661,715 662,605 After 1 year but within 2 years 637,595 516,061 After 2 years but within 3 years 216,695 653,601 After 3 years but within 4 years 446,323 199,908 After 4 years but within 5 years 276,047 312,597 After 5 years 2,643,966 2,496,146 Totals 4,882,341 4,840,918 |
Summary of Senior Bonds Issued | The following table presents details for senior bonds issued: Senior bonds issued during the year ended December 31, 2018 Serie Currency Amount Term Issuance rate Placement date Maturity date BCORAQ0710 UF 2,000,000 10 years and 4 months 3% annual 02/06/2018 07/01/2028 BCORAR0710 UF 2,450,000 11 years and 4 months 3% annual 02/21/2018 07/01/2029 BCORAR0710 UF 5,000,000 11 years and 4 months 3% annual 03/14/2018 07/01/2029 BCORAN0710 UF 2,000,000 7 years and 5 months 3% annual 06/05/2018 07/01/2025 Totals 11,450,000 Serie Currency Amount Term Issuance rate Placement date Maturity date BCORBY0914 CLP 70,000,000,000 4 years and 5 months 5% annual 04/13/2018 09/01/2022 Totals 70,000,000,000 Serie Currency Amount Term Issuance rate Placement date Maturity date SUBSERIE B30 COP 55,470,000,000 3 years and 6 months 1.20% annual 11/22/2018 05/10/2021 SUBSERIE C48 COP 258,706,000,000 4 years 2.91% annual 11/22/2018 11/01/2022 Totals 314,176,000,000 Senior bonds issued during the year ended December 31, 2017 Serie Currency Amount Term Issuance rate Placement date Maturity date BCORAO0710 UF 2,900,000 9 years and 6 months 3% annual 01/03/2017 07/01/2026 BCORAP0710 UF 5,000,000 10 years and 6 months 3% annual 01/05/2017 07/01/2027 BCORAP0710 UF 5,000,000 10 years and 6 months 3% annual 01/10/2017 07/01/2027 BCORAQ0710 UF 3,000,000 11 years and 6 months 3% annual 01/16/2017 07/01/2028 BCORAQ0710 UF 4,000,000 11 years and 6 months 3% annual 01/20/2017 07/01/2028 BCORAQ0710 UF 3,000,000 11 years and 6 months 3% annual 01/25/2017 07/01/2028 BCORAP0710 UF 3,000,000 10 years and 5 months 3% annual 02/10/2017 07/01/2027 BCORAO0710 UF 100,000 9 years and 5 months 3% annual 02/16/2017 07/01/2026 BCORAK0710 UF 6,000,000 5 years and 3 months 3% annual 04/04/2017 07/01/2022 BCORAJ0710 UF 1,000,000 3 years and 9 months 3% annual 08/25/2017 07/01/2021 Totals 33,000,000 Serie Currency Amount Term Issuance rate Placement date Maturity date BCORBY0914 CLP 30,000,000,000 5 years 5% annual 09/25/2017 09/01/2022 BCORBZ0914 CLP 100,000,000,000 6 years 5% annual 10/17/2017 09/01/2023 Totals 130,000,000,000 |
Schedule of Subordinated Bonds, by Currency | Details of subordinated bonds, by currency, are as follows As of December 31, 2018 2017 MCh$ MCh$ Bonds in UF 95,599 95,485 Bonds in CLP 781,925 766,086 Bonds in COP 196,796 179,611 Totals 1,074,320 1,041,182 |
Summary of Maturities for Subordinated Bonds | Detail of maturities for subordinated bonds is as follows As of December 31, 2018 2017 MCh$ MCh$ Within 1 year 22,209 — After 1 year but within 2 years — 21,500 After 2 years but within 3 years — — After 3 years but within 4 years 18,604 — After 4 years but within 5 years 22,484 22,303 After 5 years 1,011,023 997,379 Totals 1,074,320 1,041,182 |
Summary of Others Financial Obligations | Others financial obligations As of December 31, 2018 2017 MCh$ MCh$ Within 1 year — 811 After 1 year but within 2 years — — After 2 years but within 3 years — — After 3 years but within 4 years — — After 4 years but within 5 years — — After 5 years — — Totals financial liabilities — 811 Short-term financial liabilities Amounts due to credit card transactions 12,390 16,255 Others 10 — Totals short-term financial liabilities 12,400 16,255 Totals other financial liabilities 12,400 17,066 |
Provisions (Tables)
Provisions (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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Schedule of Provisions | Provisions disclosed in liabilities as of December 31, 2018 and 2017 present the following detail: As of December 31, 2018 2017 MCh$ MCh$ Provisions for personnel salaries and expenses 99,945 90,559 Provisions for mandatory dividends 51,614 17,234 Provisions for contingent loans risk 45,848 — Provisions for contingencies 17,496 10,096 Totals 214,903 117,889 |
Movements in Contingent Loans Provisions For Contingent Loan Risk According to IFRS9 | Movements in the provisions for contingent loans risk according to IFRS 9, for the year ended December 31, 2018 are as follows: Contingent loans risk Stage 1 Stage 2 Stage 3 Totals 12-Month ECL Lifetime ECL Lifetime ECL Balances as of December 31, 2017 — — — — Restatement of the prior year due to IFRS 9 adoption 13,485 44,107 2,099 59,691 Balances as of January 1, 2018 13,485 44,107 2,099 59,691 Changes in the allowances - Transfers to stage 1 — (504 ) 116 (388 ) - Transfers to stage 2 (155 ) — 268 113 - Transfers to stage 3 (42 ) (66 ) — (108 ) - Increases due to change in credit risk 2,283 5,528 38 7,849 - Decreases due to change in credit risk (1,298 ) (446 ) (39 ) (1,783 ) - Charge-offs - Changes due to modifications that did not result in derecognition New financial assets originated or purchased 5,104 965 126 6,195 Financial assets that have been derecognized (3,763 ) (21,558 ) (754 ) (26,075 ) Changes in models/risk parameters — Foreign exchange and other movements 265 86 3 354 Balances as of December 31, 2018 15,879 28,112 1,857 45,848 |
Schedule of Provision Balance Changes | The provision balance changes during 2018 and 2017, were as follows: Provisions for personnel (i) Provisions for (ii) Provisions for Provisions for (iii) Totals MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2018 90,559 17,234 — 10,096 117,889 Provisions established due to IFRS 9 adoption — — 59,691 — 59,691 Provisions applied (27,026 ) (17,234 ) — — (44,260 ) Provisions recorded 53,156 51,614 14,511 8,993 128,274 Provisions released (25,561 ) — (28,354 ) (1,347 ) (55,262 ) Other movements 8,817 — — (246 ) 8,571 Balances as of December 31, 2018 99,945 51,614 45,848 17,496 214,903 Provisions for personnel (i) Provisions for (ii) Provisions for (iii) Totals MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2017 89,295 1,029 9,724 100,048 Provisions applied (23,815 ) — — (23,815 ) Provisions recorded 91,722 17,234 586 109,542 Provisions released (62,231 ) (1,029 ) — (63,260 ) Other movements (4,412 ) — (214 ) (4,626 ) Balances as of December 31, 2017 90,559 17,234 10,096 117,889 (i) Employee benefits and staff salaries are recorded in “Personnel salaries expenses.” (ii) Mandatory dividends are recorded in the Consolidated Statement of Changes in Equity, against “Provision for mandatory dividends.” (iii) The contingency provisions/ (releases) are included in Other operating (expenses)/income, depending on whether they are debit or a credit. |
Schedule of Provisions for Payroll and Employee Benefits | Provisions for payroll and employee benefits As of December 31, 2018 2017 MCh$ MCh$ Provision for long-term termination benefits (e.1) 8,298 7,914 Provision for pension plan (e.2) 30,908 31,761 Provision for retroactive unemployment plan (e.3) 373 371 Provision for retirements bonus plan (e.4) 542 476 Provision for other employee benefits (*) 46,249 36,811 Vacation accrual (*) 13,575 13,226 Totals 99,945 90,559 (*) Short-term benefits |
Summary of Economic Assumptions | The economic assumptions are summarized as follows: As of December 31, 2018 2017 % % Summary of economic hypothesis Discount rate(s) 6.75 7.50 Expected rate(s) of salary increase 5.20 6.00 Inflation rate 3.20 4.00 |
Schedule of Defined Benefit Obligation and the Amounts Recognized in the Statement of Income | The movements of the present value of the obligation for this type of benefit and the amounts recognized in the Consolidated Statements of Income are determined using the projected credit unit method and it consist of the following: As of December 31, 2018 2017 MCh$ MCh$ Balances as of January 1, 7,914 7,950 Net cost of benefits (*) 1,397 1,487 Payments (973 ) (856 ) Provisions recorded (350 ) (51 ) Exchange differences 310 (616 ) Balances as of December 31, 8,298 7,914 (*) Detail of net cost of benefit is as follows: As of December 31, 2018 2017 MCh$ MCh$ Current services cost 836 866 Interest expense on obligation 561 621 Total 1,397 1,487 |
Summary of Economic Assumptions | The economic assumptions are summarized as follows: As of December 31, 2018 2017 % % Summary of economic assumptions Discount rate 6.25 7.25 Expected rate of salary increase 5.70 6.50 |
Schedule of Pension Plan Balances Movements | The detail of Pension plan balances movements is as follows: 2018 2017 MCh$ MCh$ Balances as of January 1, 31,761 34,768 Interest expense on obligation 2,359 2,742 Payments (3,802 ) (3,581 ) Actuarial losses (gains) (698 ) 223 Exchange differences 1,288 (2,391 ) Balances as of December 31, 30,908 31,761 |
Schedule of Main Assumptions Used in the Valuation | The economic assumptions are summarized as follows: As of December 31, 2018 2017 % % Assumptions Discount rate 5.75 7.25 Expected rate of salary increases 5.70 6.50 Inflation rate 3.20 4.00 |
Schedule of Changes in Provision | The details of movements for this benefits during years ended December 31, 2018 and 2017 are as follows: 2018 2017 MCh$ MCh$ Balances as of January 1, 371 472 Current services costs 108 13 Interest expense on obligations 24 36 Actuarial gains (32 ) (19 ) Payments of benefits (115 ) (93 ) Exchange differences 17 (38 ) Balances as of December 31, 373 371 |
Summary of Economic Assumptions | The economic assumptions are summarized as follows: As of December 31, 2018 2017 % % Summary of economic hypothesis Discount rate(s) 6.75 7.50 Expected rate(s) of salary increase 5.20 6.00 Inflation rate 3.20 4.00 |
Schedule of Changes in Provision | The amounts recognized for this benefit are as follows: 2018 2017 MCh$ MCh$ Balances as of January 1, 476 439 Current service costs 39 34 Interest expense on obligation 37 36 Actuarial (gains) losses (24 ) 4 Payments of benefits (5 ) (3 ) Exchange differences 19 (34 ) Balances as of December 31, 542 476 |
Schedule of Summary Effects in Other Comprehensive Income | The effect on Other Comprehensive Income is summarized as follows: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Pension plan (e.2 ) (698 ) 223 3,761 Retroactive unemployment plan (e.3 ) (32 ) (19 ) 159 Retirement bonus plan (e.4 ) (24 ) 4 — Total recognition of obligations for defined benefits (754 ) 208 3,920 |
Schedule of future payments | The following is a detail of future payments for the year 2018 and 2017: Long-term termination benefits Pension plan Retroactive unemployment plan Retirement benefit plan 2018 MCh$ MCh$ MCh$ MCh$ Fiscal year 2019 783 2,995 66 40 Fiscal year 2020 842 2,858 38 22 Fiscal year 2021 1,003 2,682 20 26 Fiscal year 2022 1,147 2,527 70 40 Fiscal year 2023-2031 (combined) 1,160 2,457 102 43 Fiscal year 2024-2031 (combined) 4,749 11,751 94 203 Long-term termination benefits Pension plan Retroactive unemployment plan Retirement bonus plan 2017 MCh$ MCh$ MCh$ MCh$ Fiscal year 2018 944 2,996 55 36 Fiscal year 2019 752 2,922 32 12 Fiscal year 2020 868 2,757 38 21 Fiscal year 2021 1,038 2,586 22 26 Fiscal year 2022 1,177 2,434 68 42 Fiscal year 2023-2027 (combined) 5,384 11,512 177 246 |
Other liabilities and liabili_2
Other liabilities and liabilities directly associated with non-current assets held for sale (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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Schedule of other liabilities | a) As of December 31, 2018 and 2017 the other liabilities are as follows: As of December 31, 2018 2017 MCh$ MCh$ Accounts and notes payable (1)(2) 317,703 348,036 Dividends payable 270 703 Unearned income (3) 9,089 7,850 Valuation adjustment for hedge accounting 2,102 3,091 Payables due to brokerage transactions 75,872 21,933 Collateral for financial transactions (threshold) 91,223 79,589 Other liabilities 25,536 2,233 Totals 521,795 463,435 (1) Obligations other than those directly related to the business operations, such as payable withholding taxes, payable social security contributions, balances due on purchases of materials, balances due on obligations under lease agreements for the acquisition of Bank, accounts payable for expenses, and others. (2) It includes MCh$5,985 correspondent to a penalty fee payable to the SBIF. For additional information see Note 37 “Subsequent events”. (3) It corresponds to commissions associated with financial advisory and insurance brokerage businesses that must be deferred in accordance with applicable regulations. |
Contingencies, Commitments, a_2
Contingencies, Commitments, and Responsibilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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Schedule of Bank and Its Subsidiaries are Contractually Obliged to Grant Loans | The following table contains the amounts for which the Bank and its subsidiaries are contractually obliged to grant loans: Contingent loans As of December 31, 2018 2017 MCh$ MCh$ Collateral and guarantees 411,023 262,924 Confirmed foreign letters of credit — 3,824 Letters of credit issued 95,476 88,940 Documented guarantees 1,286,805 1,286,807 Available on demand credit lines 2,143,333 2,349,626 Other credit commitments 1,447,277 1,299,494 Totals 5,383,914 5,291,615 |
Schedule of Responsibilities Arising From the Regular Course of Business | The Bank and its subsidiaries have the following responsibilities arising from their regular course of business: As of December 31, 2018 2017 MCh$ MCh$ Third party operations Collections 17,030 26,143 Transferred financial assets managed by the Bank 1,101,327 997,530 Third party funds under management 2,306,154 2,215,038 Subtotals 3,424,511 3,238,711 Custody of securities Securities held in custody 5,896,162 8,675,906 Securities held in custody deposited in other entities 315,347 549,848 Securities issued by the Bank held in custody 148,193 163,713 Subtotals 6,359,702 9,389,467 Totals 9,784,213 12,628,178 |
Schedule of Policies | Entity From To Amount (UF) Beneficiary Consorcio Nacional de Seguros S.A. 04-15-2018 04-15-2019 60,000 and 500 Itaú Corredores de Seguros S.A. |
Schedule of Performance Bond | Entity From To Amount (UF) Beneficiary Itaú Chile 04-22-2018 04-22-2019 16,000 Bolsa Electrónica de Chile Mapfre Compañía de Seguros S.A 04-22-2018 04-22-2019 4,000 Bolsa de Comercio de Santiago |
Schedule of Comprehensive Insurance Policy | Amounts recorded with respect to the comprehensive insurance policy are as follows: Entity From To Amount (UF) Beneficiary Orión Seguros Generales S.A 04-30-2018 06-21-2019 5,000 and 10,000 Bolsa Electrónica de Chile |
Schedule of Performance Bond | The detail of the Bank guarantee certificate is as follows Entity From To Amount (UF) Beneficiary Itaú Chile 06-21-2018 06-21-2019 10,000 Itaú Chile |
Equity (Tables)
Equity (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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Schedule of Paid in Capital of the Bank | As of December 31, 2018, 2017 and 2016, the paid-in Common shares 2018 2017 2016 (number) (number) (number) Issued as of January 1, 512,406,760,091 512,406,760,091 115,039,690,651 Issuance of paid shares — — 57,008,875,206 Increase in share for Itaú-Corpbanca business combination — — 340,358,194,234 Issuance of shares pending payment — — — Repurchase of own shares — — — Sale of own shares — — — Totals 512,406,760,091 512,406,760,091 512,406,760,091 |
Schedule of Shareholder List | The shareholders list as of December 31, 2018, 2017 and 2016, is as follows: Shares 2018 2017 2016 Company name or shareholder name Number of shares Ownership % Number of shares Ownership % Number of shares Ownership % Itaú Unibanco 195,408,043,473 38.14 % 184,756,488,453 36.06 % 184,756,488,453 36.06 % Itaú Unibanco Holding S.A. 115,039,610,411 22.45 % 115,039,610,411 22.45 % 115,039,610,411 22.45 % ITB Holding Brasil Participaçoes Ltda. 57,008,875,206 11.13 % 57,008,875,206 11.13 % 57,008,875,206 11.13 % CGB II SpA 10,908,002,836 2.13 % 10,908,002,836 2.13 % 10,908,002,836 2.13 % CGB III SpA 1,800,000,000 0.35 % 1,800,000,000 0.35 % 1,800,000,000 0.35 % Saga II SpA 7,000,000,000 1.37 % — 0.00 % — 0.00 % Saga III SpA (1) 3,651,555,020 0.71 % — 0.00 % — 0.00 % Saieh Family 146,394,540,608 28.57 % 157,046,095,628 30.65 % 157,046,095,628 30.65 % Corp Group Banking S.A. 136,127,850,073 26.57 % 136,127,850,073 26.57 % 136,127,850,073 26.57 % Compañía Inmobiliaria y de Inversiones Saga SpA (2) 10,266,690,535 2.00 % 20,918,245,555 4.08 % 20,918,245,555 4.08 % International Finance Corporation 17,017,909,711 3.32 % 17,017,909,711 3.32 % 17,017,909,711 3.32 % Others 153,586,266,299 29.97 % 153,586,266,299 29.97 % 153,586,266,299 29.98 % Stock brokers 55,791,614,655 10.89 % 53,400,666,996 10.42 % 33,053,299,686 6.45 % ADR holders and foreign investors 42,838,887,354 8.36 % 50,064,467,904 9.77 % 72,134,243,118 14.08 % Asset management companies 17,778,018,941 3.47 % 16,892,054,779 3.30 % — — Santo Domingo Group 9,817,092,180 1.92 % 9,817,092,180 1.92 % 9,817,092,180 1.92 % Insurance companies 5,220,388,512 1.02 % 5,212,338,243 1.02 % 6,758,473,530 1.32 % Pension funds management companies 3,981,075,117 0.77 % 944,399,401 0.18 % 2,761,470,587 0.54 % Other minority shareholders 18,159,189,540 3.54 % 17,255,246,796 3.36 % 29,061,687,198 5.67 % Totals 512,406,760,091 100 % 512,406,760,091 100 % 512,406,760,091 100 % (1) Shares in custody of a third party. (2) Includes 640,844,096 shares in custody of a third party. |
Schedule of Distribution of Dividends | At the Ordinary Meeting of the Shareholders of Itaú Corpbanca held on March 27, 2018, the shareholders agreed to distribute net income for MCh$22,979 representing 40% of the profits for 2017 (as filed with the SBIF) and at an Ordinary Meeting of the Shareholders of Itaú Corpbanca held on March 27, 2017, the shareholders agreed to distribute profits for MCh$618, representing 30% of the 2016 net income (as filed with the SBIF). See Note 37 “Subsequent events” for 2018 dividends distribution decision. Income attributable to equity holders Allocated to reserves and retained earnings (*) Allocated to dividends Percentage distributed Number of shares Dividend per share (in pesos) Years MCh$ MCh$ MCh$ % Year 2017 (Shareholders’ Meeting March 2018) 57,447 34,468 22,979 0.40 512,406,760,091 0.04485 Year 2016 (Shareholders’ Meeting March 2017) 2,059 1,441 618 0.30 512,406,760,091 0.00121 (*) According to the Consolidated Financial Statements filed with the SBIF. |
Schedule of Attributable to the Equity Holders of the Bank | As of December 31, 2018 and 2017 and for the year ended December 31, 2018, 2017 and 2016, the basic earnings and diluted earnings are as follows: As of and for the years ended December 31, 2018 2017 2016 N° of Shares Amount N° of Shares Amount N° of Shares Amount Millions MCh$ Millions MCh$ Millions MCh$ Basic earnings per share Net income for the period — 171,331 — 67,821 — 14,407 Weighted average number of outstanding shares 512,407 — 512,407 — 415,165 — Assumed convertible debt conversion — — — — — — Adjusted number of outstanding shares 512,407 — — — 415,165 — Basic earnings per share (Chilean pesos) — — — 0.132 — 0.035 Diluted earnings per share Net income for the period — 171,331 — 67,821 — 14,407 Weighted average number of outstanding shares 512,407 — 512,407 — 415,165 Dilutive effects Assumed convertible debt conversion — — — — — — Conversion of common shares — — — — — — Options rights — — — — — — Adjusted number of shares 512,407 512,407 415,165 Diluted earnings per share (Chilean pesos) — 0.334 — 0.132 0.035 |
Schedule of Equity Effects and Income Taxes | The following are the equity effects and income taxes for years ended December 31, 2018 and 2017: Investments Hedge of net investments in foreign operations Cash flow hedge Exchange differences on investment in Colombia and New York branch Defined benefits obligations Totals As of December 31, 2018 MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Other comprehensive income (loss) before income taxes Balances as of January 1, 2018 16,592 (5,730 ) 64,741 (57,485 ) (2,736 ) 15,382 Changes due initial adoption IFRS 9 1,496 — — — — 1,496 Restated balances as of January 1, 2018 18,088 (5,730 ) 64,741 (57,485 ) (2,736 ) 16,878 Effects for the year (295 ) 11,289 (35,338 ) 38,366 (500 ) 13,522 Balances as of December 31, 2018 17,793 5,559 29,403 (19,119 ) (3,236 ) 30,400 Income taxes related to components of other comprehensive income (loss) Balances as of January 1, 2018 (4,937 ) 1,389 (17,287 ) — 718 (20,117 ) Changes due initial adoption IFRS 9 (499 ) — — — — (499 ) Restated balances as of January 1, 2018 (5,436 ) 1,389 (17,287 ) — 718 (20,616 ) Effects for the year (1,468 ) (1,669 ) 9,541 — (29 ) 6,375 Balances as of December 31, 2018 (6,904 ) (280 ) (7,746 ) — 689 (14,241 ) Net balances as of December 31, 2018 10,889 5,279 21,657 (19,119 ) (2,547 ) 16,159 Available for sale investments Hedge of net investments in foreign operations Cash flow hedge Exchange investment in Colombia and New York branch Defined benefits obligations Totals As of December 31, 2017 MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Other comprehensive income (loss) before income taxes Balances as of January 1, 2017 10,372 (5,603 ) 14,917 2,380 (2,598 ) 19,468 Effects for the period 6,220 (127 ) 49,824 (59,865 ) (138 ) (4,086 ) Balances as of December 31, 2017 16,592 (5,730 ) 64,741 (57,485 ) (2,736 ) 15,382 Income taxes related to components of other comprehensive income (loss) Balances as of January 1, 2017 (2,764 ) 1,345 (3,219 ) — 722 (3,916 ) Effects for the period (2,173 ) 44 (14,068 ) — (4 ) (16,201 ) Balances as of December 31, 2017 (4,937 ) 1,389 (17,287 ) — 718 (20,117 ) Net balances as of December 31, 2017 11,655 (4,341 ) 47,454 (57,485 ) (2,018 ) (4,735 ) Available for Net Cash Exchange Defined Totals As of December 31, 2016 MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Other comprehensive income (loss) before income taxes Balances as of January 1, 2016 (1,170 ) — — — — (1,170 ) Effects for the period 11,542 (5,603 ) 14,917 2,380 (2,598 ) 20,638 Balances as of December 31, 2016 10,372 (5,603 ) 14,917 2,380 (2,598 ) 19,468 Income taxes related to components of other comprehensive income loss) Balances as of January 1, 2016 226 — — — — 226 Effects for the period (2,990 ) 1,345 (3,219 ) — 722 (4,142 ) Balances as of December 31, 2016 (2,764 ) 1,345 (3,219 ) — 722 (3,916 ) Net balances as of December 31, 2016 7,608 (4,258 ) 11,698 2,380 (1,876 ) 15,552 |
Schedule of Non-controlling Interest in the Subsidiary's Equity and Profit | As of December 31, 2018 Other Comprehensive Income Subsidiaries Non-controlling Equity Net Financial Exchange Hedge of Cash Defined Deferred Total other Total % MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Itaú Corredor de Seguro Colombia S.A. 20.000 % 409 15 — — — — — — 15 Itaú Corpbanca Colombia S.A. y filiales 33.721 % 217,673 (4,500 ) (664 ) 10,244 (1,195 ) — (254 ) 305 8,436 3,936 Itaú Corredores de Seguros S.A. (Ex -Corpbanca Corredores de Seguros S.A.) (*) 0.000 % — 8 — — — — — — 8 Itaú Administradora General de Fondos S.A. (**) 0.000 % — — — — — — — — — Itaú Corpbanca Corredores de Bolsa Limitada (***) 0.000 % — — — — — — — — — Totals 218,082 (4,477 ) (664 ) 10,244 (1,195 ) — (254 ) 305 8,436 3,959 (*) On April 1, 2018, the merger of Corpbanca Corredores de Seguro S.A. and Itaú Chile Corredora de Seguros Limitada through the absorption of this last entity in the first took place, being its new name Itaú Corredores de Seguros S.A. On September 10, 2018, Itaú Corpbanca acquired 127,901 shares from minority investors. As a result, the Bank and its subsidiaries own a 100% of the Company shares. (**) On December 10, 2018, Itaú Corpbanca acquired 1 share from minority investors. As a result, the Bank and its subsidiaries own a 100% of the Company shares. (***) On July 4, 2018, Itaú Asesorías Financieras S.A. acquired 2 shares from minority investors. As a result, the Bank and its subsidiaries own a 100% of the Company shares. As of December 31, 2017 Other Comprehensive Income Non-controlling Equity Net Available Exchange Hedge of Cash Defined Deferred Total other Comprehensive Subsidiaries % MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Itaú Corredor de Seguros S.A (ex-Helm 20.000 % 380 (5 ) — — — — — — — (5 ) Itaú Corpbanca Colombia S.A (ex-Banco 33.721 % 216,883 (5,001 ) 3,746 (18,437 ) (627 ) — (70 ) (1,305 ) (16,693 ) (21,694 ) Itaú Chile Corredores de Seguros Ltda. 0.029 % 12 10 — — — — — — — 10 Itaú Administradora General de Fondos S.A. 0.600 % 1 — — — — — — — — — Itaú Corpbanca Corredores de Bolsa Ltda. 0.000 % 4 — — — — — — — — — Totals 217,280 (4,996 ) 3,746 (18,437 ) (627 ) — (70 ) (1,305 ) (16,693 ) (21,689 ) As of December 31, 2016 Other Comprehensive Income Non-controlling Equity Net Available Exchange Hedge of Cash Defined Deferred Total Other Comprehensive Subsidiaries % MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ SMU CORP S.A. 49.00 % 437 — — — — — — — — — Itaú Corredor de Seguros S.A (ex-Helm 20.00 % 601 78 — — — — — — — 78 Itaú Corpbanca Colombia S.A (ex-Banco 33.72 % 237,917 (527 ) 3,876 (9,481 ) (1,459 ) — (1,322 ) (133 ) (8,519 ) (9,046 ) Itaú Chile C. de Seguros Ltda. 0.100 % 13 10 — — — — — — — 10 Itaú Administradora General de Fondos S.A. 0.010 % 1 1 — — — — — — — 1 Itaú BBA Corredor de Bolsa Ltda. 0.020 % — — — — — — — — — — Totals 238,969 (438 ) 3,876 (9,481 ) (1,459 ) — (1,322 ) (133 ) (8,519 ) (8,957 ) |
Schedule of Non-controlling Interest Movement | The following table shows the non-controlling As of December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Balances as of January 1, 217,280 238,969 59 Changes due to initial application of IFRS 9 (3,157 ) — — Restated balances as of January 1, 214,123 238,969 59 Integration Itaú Corpbanca — — 247,867 Comprehensive income 3,959 (21,689 ) (8,957 ) Balances as of December 31, 218,082 217,280 238,969 |
Schedule of Main Subsidiary with Non-controlling Interest | The main subsidiary with non-controlling Entity Name Country Group Non-controlling Main Itaú Corpbanca Colombia S.A. and subsidiaries Colombia 66.28 % 33.72 % Bank |
Schedule of Consolidation Elimination Adjustments | Summarized financial information for the main subsidiary with non-controlling As of December 31, 2018 2017 2016 Summary Statements of Financial Position MCh$ MCh$ MCh$ Current assets 4,669,275 4,589,487 5,502,852 Current liabilities (3,523,186 ) (3,939,253 ) (4,813,426 ) Net current assets (liabilities) 1,146,089 650,234 689,426 Non-current 1,664,700 1,690,890 1,780,581 Non-current (2,160,781 ) (1,697,961 ) (1,764,461 ) Net non-current assets (liabilities) (496,081 ) (7,071 ) (16,120 ) Total net assets (liabilities) 650,008 643,163 673,306 Accumulated non-controlling 217,673 216,883 237,917 |
Summary of Income Statements | For the years ended December 31, 2018 2017 2016 Summary Income Statements MCh$ MCh$ Interest income and readjustments 553,937 579,176 482,806 Income of the period (13,087 ) (14,830 ) (1,563 ) Non-controlling (4,500 ) (5,001 ) (527 ) |
Summary of Cash Flows Statements | For the years ended December 31, 2018 2017 2016 Summary Cash Flows Statements MCh$ MCh$ MCh$ Net cash flows provided by (used in) operating activities 232,480 16,822 (35,057 ) Net cash flows provided by (used in) investing activities (145,665 ) (158,402 ) 93,018 Net cash flows provided by (used in) financing activities (24,122 ) 35,937 (4,400 ) Net increase (decrease) in cash flows 62,693 (105,643 ) 53,561 |
Schedule of Consolidated Comprehensive Income | Consolidated comprehensive income for the years ended December 31, 2018, 2017 and 2016 is as follows: 2018 Concepts Equity holders of Non-controlling Totals MCh$ MCh$ MCh$ Income (loss) for the year 171,331 (4,477 ) 166,854 Other comprehensive income (loss) before income taxes Financial instruments at fair value through other comprehensive income (295 ) (664 ) (959 ) Hedge of net investment in foreign operations (35,338 ) (1,195 ) (36,533 ) Cash flow hedge 11,289 — 11,289 Exchange differences 38,366 10,244 48,610 Defined benefits obligations (500 ) (254 ) (754 ) Subtotals 13,522 8,131 21,653 Income taxes Financial instruments at fair value through other comprehensive income (1,468 ) (704 ) (2,172 ) Hedge of net investment in foreign operations 9,541 1,024 10,565 Cash flow hedge (1,669 ) — (1,669 ) Defined benefits obligations (29 ) (15 ) (44 ) Subtotals 6,375 305 6,680 Other comprehensive income for the year 19,897 8,436 28,333 Comprehensive income for the year 191,228 3,959 195,187 2017 Concepts Equity holders of Non-controlling Totals MCh$ MCh$ MCh$ Income (loss) for the year 67,821 (4,996 ) 62,825 Other comprehensive income (loss) before income taxes Available for sale investments 6,220 3,746 9,966 Net investment in foreign operations hedges 49,824 (627 ) 49,197 Cash flow hedges (127 ) — (127 ) Exchange differences (59,865 ) (18,437 ) (78,302 ) Defined benefits obligations (138 ) (70 ) (208 ) Subtotals (4,086 ) (15,388 ) (19,474 ) Income taxes Available for sale investments (2,173 ) (1,160 ) (3,333 ) Net investment in foreign operations hedges (14,068 ) (143 ) (14,211 ) Cash flows hedges 44 — 44 Defined benefits obligations (4 ) (2 ) (6 ) Subtotals (16,201 ) (1,305 ) (17,506 ) Other comprehensive income (loss) for the year (20,287 ) (16,693 ) (36,980 ) Comprehensive income (loss) for the year 47,534 (21,689 ) 25,845 2016 Concepts Equity holders Non-controlling Totals MCh$ MCh$ MCh$ Income (loss) for the year 14,407 (438 ) 13,969 Other comprehensive income (loss) before income taxes Available for sale investments 11,542 3,876 15,418 Net investment in foreign operations hedges 14,917 (1,459 ) 13,458 Cash flow hedges (5,603 ) — (5,603 ) Exchange differences 2,380 (9,481 ) (7,101 ) Defined benefits obligations (2,598 ) (1,322 ) (3,920 ) Subtotals 20,638 (8,386 ) 12,252 Income taxes Available for sale investments (2,990 ) (1,035 ) (4,025 ) Net investment in foreign operations hedges (3,219 ) 534 (2,685 ) Cash flows hedges 1,345 — 1,345 Defined benefits obligations 722 368 1,090 Subtotals (4,142 ) (133 ) (4,275 ) Other comprehensive income (loss) for the year 16,496 (8,519 ) 7,977 Comprehensive income (loss) for the year 30,903 (8,957 ) 21,946 |
Interest Income and Interest _2
Interest Income and Interest Expense (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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Schedule of Composition of Interest Income and Inflation-indexing | The composition of interest income and inflation-indexing for the years ended December 31, 2018, 2017 and 2016 is as follows: For the years ended December 31, 2018 2017 2016 Interest Inflation Totals Interest Inflation Totals Interest Inflation Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Investments under agreements to resell 4,988 — 4,988 6,643 2 6,645 25,550 — 25,550 Loans and receivables to banks 5,013 — 5,013 5,460 — 5,460 8,180 — 8,180 Commercial loans 816,193 115,468 931,661 872,416 68,729 941,145 772,704 100,381 873,085 Mortgage loans 196,598 107,364 303,962 188,094 59,149 247,243 155,101 79,655 234,756 Consumer loans 372,148 194 372,342 360,268 64 360,332 283,005 31 283,036 Financial investments 101,274 19,060 120,334 70,556 8,274 78,830 67,683 11,032 78,715 Other interest income 10,882 9,850 20,732 9,656 545 10,201 8,427 466 8,893 Gain (loss) from accounting hedges (*) (19,715 ) — (19,715 ) (3,527 ) — (3,527 ) (3,012 ) — (3,012 ) Totals 1,487,381 251,936 1,739,317 1,509,566 136,763 1,646,329 1,317,638 191,565 1,509,203 |
Schedule of Detail of the Amount Due for Interest and Readjustments | b. For the years ended December 31, 2018, 2017 and 2016, the detail of the amount of interest and inflation-indexing expense is as follows: For the years ended December 31, 2018 2017 2016 Interest Inflation Totals Interest Inflation Totals Interest Inflation Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Deposits and other demand liabilities (49,536 ) (141 ) (49,677 ) (72,732 ) (139 ) (72,871 ) (78,147 ) (173 ) (78,320 ) Obligations under repurchase agreements (29,660 ) (4 ) (29,664 ) (32,677 ) — (32,677 ) (48,086 ) — (48,086 ) Time deposits and other time liabilities (370,206 ) (15,528 ) (385,734 ) (420,190 ) (13,047 ) (433,237 ) (419,661 ) (39,720 ) (459,381 ) Interbank borrowings (69,054 ) (206 ) (69,260 ) (51,922 ) (2,463 ) (54,385 ) (45,801 ) — (45,801 ) Debt instruments issued (199,420 ) (122,832 ) (322,252 ) (210,104 ) (72,780 ) (282,884 ) (156,168 ) (79,126 ) (235,294 ) Other financial liabilities (752 ) — (752 ) (114 ) — (114 ) (142 ) (197 ) (339 ) Other Interest expense (397 ) (4,292 ) (4,689 ) (556 ) (1,962 ) (2,518 ) (905 ) (2,261 ) (3,166 ) Gain (loss) from hedge accounting (*) 10,374 — 10,374 15,339 — 15,339 359 — 359 Totals (708,651 ) (143,003 ) (851,654 ) (772,956 ) (90,391 ) (863,347 ) (748,551 ) (121,477 ) (870,028 ) (1) The inflation indexing is the result of changes in the Unidades de Fomento (“UF”). The UF is an inflation-index Chilean monetary unit with a value in Chilean pesos that changes daily to reflect changes in the Official Consumer Price Index (“CPI”) of the Instituto Nacional de Estadísticas (the Chilean National Institute of Statistics) for the previous month. The effect of any changes in the nominal peso value of our UF-denominated (*) The mark to market adjustments are presented in this line for hedging derivatives used in hedging of assets except in the case of foreign currency hedges and cash flow hedges (cross-currency), their all-in |
Fee and Commission Income and_2
Fee and Commission Income and Expense (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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Services Rendered by the Bank and Its Subsidiaries and Correspond | This item comprises the financial income for the year corresponding to remunerations generated by the services rendered by the Bank and its subsidiaries and corresponds to the following items: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Fees and commissions from lines of credits and overdrafts 5,292 3,306 4,911 Fees and commissions from guarantees and letters of credit 15,317 14,776 13,562 Fees and commissions from card services 72,932 63,388 52,775 Fees and commissions from accounts management 11,512 12,024 10,171 Fees and commissions from collections and payments 20,359 25,359 24,813 Fees and commissions from brokerage and securities management 10,966 13,183 9,454 Fees and commissions from asset management 24,718 25,965 23,614 Compensation for insurance brokerage 36,693 26,096 21,477 Investment banking and advisory fees 19,403 8,162 8,951 Fees and commissions from student loans ceded 5,300 4,680 3,354 Commissions on loan transactions 651 2,560 2,572 Commissions for mortgage loans 1,486 1,112 1,023 Other fees from services rendered 10,982 12,088 12,768 Other commissions earned 2,345 3,721 4,356 Totals 237,956 216,420 193,801 |
Summary of Expenses for Commissions Accrued in the Year for the Operations | This item includes expenses for commissions accrued during the year from operations, and corresponds to the following items: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Compensation for cards transactions (35,676 ) (23,439 ) (29,376 ) Fees and commissions for securities transactions (2,963 ) (4,855 ) (3,328 ) Commissions paid for foreign trade transactions (2,550 ) (2,449 ) (1,348 ) Commissions paid for customer loyalty program benefits (2,607 ) (1,439 ) (1,309 ) Commissions paid for services to customers management (3,455 ) (3,157 ) (3,232 ) Other commissions paid (4,576 ) (3,510 ) (4,412 ) Totals (51,827 ) (38,849 ) (43,005 ) |
The Income and Expenses for Commissions Generated by the Segment | c. Below are the income and expenses for commissions generated by segment and the revenue recognition calendar for ordinary activities, for the year ended December 31, 2018 according to IFRS 15. Segments Revenue recognition calendar Chile Colombia Total Transferred Transferred Accrual MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Fees and commissions from lines of credits and overdrafts 5,180 112 5,292 5,292 — — Fees and commissions from guarantees and letters of credit 12,267 3,050 15,317 12,267 3,050 — Fees and commissions from card services 47,238 25,694 72,932 — 72,932 — Fees and commissions from accounts management 8,471 3,041 11,512 — 11,512 — Fees and commissions from collections and payments 12,834 7,525 20,359 — 9,560 10,799 Fees and commissions from brokerage and securities management 6,212 4,754 10,966 — 10,966 — Fees and commissions from asset management 15,417 9,301 24,718 — 24,718 — Compensation for insurance brokerage 36,693 — 36,693 — — 36,693 Investment banking and advisory fees 19,403 — 19,403 — 19,403 — Fees and commissions from student loans ceded 5,300 — 5,300 — 5,300 — Commissions on loan transactions 651 — 651 — 651 — Commissions for mortgage loans 1,486 — 1,486 — 1,486 — Other commissions earned 2,767 10,560 13,327 — 13,327 — Totals 173,919 64,037 237,956 17,559 172,905 47,492 Segments Revenue recognition calendar Chile Colombia Total Transferred Transferred Accrual MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Compensation for cards transactions (11,734 ) (23,942 ) (35,676 ) — (35,676 ) — Fees and commissions for securities transactions (1,744 ) (1,219 ) (2,963 ) — (2,963 ) — Commissions paid for foreign trade transactions (2,550 ) — (2,550 ) — (2,550 ) — Commissions paid for customer loyalty program benefits — (2,607 ) (2,607 ) — (2,607 ) — Commissions paid for services to customers management — (3,455 ) (3,455 ) — (3,455 ) — Other commissions paid (3,805 ) (771 ) (4,576 ) — (4,576 ) — Totals (19,833 ) (31,994 ) (51,827 ) — (51,827 ) — |
Net Income (Expense) from Fin_2
Net Income (Expense) from Financial Operations (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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Schedule of Net Income (Expense) from Financial Operations in the Consolidated Statements of Income | Net income (expense) from financial operations in the Consolidated Statements of Income for the year is as follows: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Trading instruments (securities) 2,527 43,323 40,893 Financial derivative contracts (trading) 152,732 (63,992 ) 44,499 Sale of loans and accounts receivable from customers (*) 1,602 15,121 18,863 Net gain on sale of financial instruments at fair value through other comprehensive income 13,765 — — Net gain on sale of available for sale investments — 13,641 7,998 Others 2,129 175 699 Total 172,755 8,268 112,952 (*) See details Note 10, letter d. |
Net Foreign Exchange Gain (Lo_2
Net Foreign Exchange Gain (Loss) (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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Schedule of Net Foreign Exchange Gains (Losses) | Net foreign exchange gains (losses) details are as follows: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Net foreign exchange gain (loss) Gain (loss) on net foreign currency exchange positions (64,278 ) 131,196 (30,191 ) Other foreign currency exchange gains (losses) 5,421 1,537 1,202 Subtotals (58,857 ) 132,733 (28,989 ) Net exchange rate adjustments gain (loss) Adjustments for loans and accounts receivable from customers 93 (82 ) 14 Adjustment for investment instruments 105 (824 ) (121 ) Adjustments to deposits and saving account (322 ) — 10 Adjustment for other assets and liabilities — 1,385 — Net gain (loss) from hedge accounting 41,016 (87,047 ) (19,762 ) Subtotals 40,892 (86,568 ) (19,859 ) Totals (17,965 ) 46,165 (48,848 ) |
Provisions for Impairment of _2
Provisions for Impairment of Financial Assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Schedule of Changes in Provision for Loan Losses Recorded on the Income | The movement registered in income for the year related to allowances and impairment due to credit risk, for the year ended December 31, 2018 and 2017, is summarized as follows: Loans and accounts receivable at amortized cost Interbank Commercial Mortgage Consumer Financial Financial Contingent Totals 2018 MCh$ MCh$ MCh$ MCh$ MCh$ Loss for provisions established (344 ) (634,886 ) (78,185 ) (562,620 ) (25 ) — (14,511 ) (1,290,571 ) (*) Income for provisions released 131 474,192 78,873 380,294 411 50 28,354 962,305 (*) Recovery of loans previously charged-off — 19,921 2,588 25,959 — — — 48,468 Net charge to income (213 ) (140,773 ) 3,276 (156,367 ) 386 50 13,843 (279,798 ) Loans and accounts receivable from customers Interbank Commercial Mortgage loans Consumer Totals 2017 MCh$ MCh$ MCh$ MCh$ MCh$ Provisions established Individually assessed (226 ) (338,701 ) — — (338,927 ) Collectively assessed — (104,171 ) (63,699 ) (312,697 ) (480,567 ) (Loss) for provisions established (226 ) (442,872 ) (63,699 ) (312,697 ) (819,494 )(*) Provisions released Individually assessed 209 302,504 — — 302,713 Collectively assessed — 33,538 31,310 104,953 169,801 Income for provisions released 209 336,042 31,310 104,953 472,514 (*) Recovery of loans previously charged-off — 13,236 1,908 16,419 31,563 Net charge to income (17 ) (93,594 ) (30,481 ) (191,325 ) (315,417 ) Loans and accounts receivable from customers Interbank Commercial Mortgage loans Consumer Totals 2016 MCh$ MCh$ MCh$ MCh$ MCh$ Provisions established Individually assessed (307 ) (387,737 ) — — (388,044 ) Collectively assessed — (49,218 ) (38,837 ) (198,242 ) (286,297 ) (Loss) for provisions established (307 ) (436,955 ) (38,837 ) (198,242 ) (674,341 )(*) Provisions released Individually assessed 286 251,582 — — 251,868 Collectively assessed — 22,242 34,589 96,381 153,212 Income for provisions released 286 273,824 34,589 96,381 405,080 (*) Recovery of loans previously charged-off — 8,898 1,285 13,088 23,271 Net charge to income (21 ) (154,233 ) (2,963 ) (88,773 ) (245,990 ) (*) The amounts disclosed in the Consolidated Statements of Cash Flows are detailed below: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Charge to income for provisions established 1,290,571 819,494 674,341 Credit to income for provisions used (962,305 ) (472,514 ) (405,080 ) 328,266 346,980 269,261 |
Schedule of Established and Released Provision Amounts | The detail by type of loans, analyzed collectively and individually, which were constituted and released by way of provision, is as follows: As of December 31, 2018 Note Provisions established Provisions released Totals MCh$ MCh$ MCh$ Commercial (634,886 ) 474,192 (160,694 ) Mortgage (78,185 ) 78,873 688 Consumer (562,620 ) 380,294 (182,326 ) Subtotals 10 (1,275,691 ) 933,359 (342,332 ) Interbank loans, net 9 (344 ) 131 (213 ) Totals (1,276,035 ) 933,490 (342,545 ) As of December 31, 2017 Note Provisions established Provisions released Individual Group Totals Individual Group Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Commercial loans (338,701 ) (104,171 ) (442,872 ) 302,504 33,538 336,042 Mortgage loans — (63,699 ) (63,699 ) — 31,310 31,310 Consumer loans — (312,697 ) (312,697 ) — 104,953 104,953 Subtotals 10 (338,701 ) (480,567 ) (819,268 ) 302,504 169,801 472,305 Interbank loans, net 9 (226 ) — (226 ) 209 — 209 Totals (338,927 ) (480,567 ) (819,494 ) 302,713 169,801 472,514 As of December 31, 2016 Note Provisions established Provisions released Individual Group Totals Individual Group Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Commercial loans (387,737 ) (49,218 ) (436,955 ) 251,582 22,242 273,824 Mortgage loans — (38,837 ) (38,837 ) — 34,589 34,589 Consumer loans — (198,242 ) (198,242 ) — 96,381 96,381 Subtotals 10 (387,737 ) (286,297 ) (674,034 ) 251,582 153,212 404,794 Interbank loans, net 9 (307 ) — (307 ) 286 — 286 Totals (388,044 ) (286,297 ) (674,341 ) 251,868 153,212 405,080 |
Personnel Salaries and Expens_2
Personnel Salaries and Expenses (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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Schedule of Personnel Salaries and Expenses | Personnel salaries expenses for the years ended December 31, 2018, 2017 and 2016 are as follows: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Personnel compensation (176,083 ) (174,029 ) (148,073 ) Bonuses or gratifications (84,754 ) (68,946 ) (53,669 ) Compensation for years of service (12,477 ) (18,803 ) (32,704 ) Health and life insurance (804 ) (734 ) (1,050 ) Training expenses (2,590 ) (3,487 ) (1,576 ) Other personnel expenses (18,039 ) (15,324 ) (8,593 ) Totals (294,747 ) (281,323 ) (245,665 ) |
Administrative Expenses (Tables
Administrative Expenses (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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Schedule of Administration Expenses | For the years ended as of December 31, 2018, 2017 and 2016, the composition of this item is as follows: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Administrative expenses (214,666 ) (217,130 ) (164,294 ) Maintenance and repair of fixed assets (31,673 ) (34,754 ) (23,226 ) Office lease (36,201 ) (36,482 ) (26,308 ) Equipment lease (2,925 ) (2,890 ) (2,649 ) Insurance payments (20,704 ) (22,624 ) (14,953 ) Office supplies (1,885 ) (2,228 ) (2,004 ) IT and communications expenses (43,667 ) (41,872 ) (25,860 ) Utilities and other services (4,443 ) (5,022 ) (4,240 ) Security and transportation of securities services (5,250 ) (4,691 ) (3,469 ) Representation and personnel travel expenses (3,612 ) (3,347 ) (2,427 ) Legal and notarial expenses (15,112 ) (9,546 ) (7,232 ) Technical report fees (11,626 ) (11,274 ) (7,096 ) Professional services fees (1,825 ) (2,358 ) (2,535 ) Fees for classification of titles (134 ) (1,613 ) (888 ) Fines (6,059 ) (75 ) (728 ) ATM maintenance and management services (2,630 ) (5,837 ) (5,855 ) Temporary external services (545 ) (812 ) (201 ) Postage and mailing expenses (1,341 ) (1,397 ) (2,864 ) Internal events (248 ) (666 ) (237 ) Commercial programs (1,242 ) (1,253 ) (732 ) Credit card management services (3,102 ) (4,363 ) (2,609 ) Other administrative expenses (20,442 ) (24,026 ) (28,181 ) Subcontracted services (22,303 ) (24,724 ) (23,609 ) Data processing (13,044 ) (14,733 ) (14,369 ) Products sales (275 ) (832 ) (435 ) Others (8,984 ) (9,159 ) (8,805 ) Board of Directors compensation (1,529 ) (1,394 ) (1,056 ) Marketing and advertising (14,384 ) (16,268 ) (8,322 ) Real estate taxes, contributions and levies (38,854 ) (46,106 ) (37,923 ) Real estate taxes (393 ) (671 ) (443 ) Patents (1,121 ) (1,430 ) (1,665 ) Other taxes (*) (29,324 ) (36,031 ) (29,591 ) Contributions to SBIF (8,016 ) (7,974 ) (6,224 ) Totals (291,736 ) (305,622 ) (235,204 ) (*) These amounts primarily correspond to taxes other than income taxes that affect Itaú Corpbanca Colombia and its subsidiaries (Colombian segment). These are taxes on local financial transactions, ongoing performance of commercial activities or services, non-discountable |
Depreciation, Amortization, a_2
Depreciation, Amortization, and Impairment (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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Schedule of Depreciation and Amortization Expenses | The amounts corresponding to charges to results for depreciation and amortization for the years ended December 31, 2018, 2017 and 2016, are detailed below: For the years ended December 31, 2018 2017 2016 Notes MCh$ MCh$ MCh$ Depreciation of property, plant and equipment 13 (20,659 ) (19,370 ) (13,834 ) Amortization of intangible assets 12 (66,158 ) (62,475 ) (49,858 ) Totals (86,817 ) (81,845 ) (63,692 ) |
Schedule of Impairment losses | For the years ended December 31, 2018 and 2017, the composition of this item is as follows: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Impairment of financial investments available-for-sale — — Impairment of financial investments held-to-maturity — — Subtotal financial assets — — — Impairment of property, plant and equipment (1) (28 ) (27 ) (351 ) Impairment of goodwill and intangibles — — — Subtotal Non-financial (28 ) (27 ) (351 ) Totals (28 ) (27 ) (351 ) (1) Corresponds to impairment for due to technological obsolescence caused by the current regulations (Decree N°222 of October 30, 2013 of the Ministry of the Interior and Public Security) applied to ATMs, which is in accordance with stipulated by IAS 36 Impairment of assets. |
Schedule of CGU Book Value | Book Value of these CGUs is as follows: CGU As of December 31, 2018 2017 MCh$ MCh$ Chile 2,600,114 2,563,799 Colombia 843,943 864,958 |
Schedule of Respective Authorizations were Obtained in Brazil, Chile and Colombia, Recording and Allocating Goodwill | The Goodwill generated in the reverse acquisition mentioned in Note 1, section “General information background of Itaú Corpbanca and subsidiaries” was allocated in the following manner to the two identified CGUs 2 Goodwill As of December 31, 2018 2017 MCh$ MCh$ Chile 904,868 904,868 Colombia 230,524 221,795 |
Schedule of Assumptions Used in Calculating the Rrecoverable Amount | The key assumptions used in calculating recoverable amount, defined as those variables to which the calculation is more sensitive, are presented below: As of December 31, 2018 2017 Chile Colombia Chile Colombia Perpetuity rate ( %) 5.20 6.50 5.20 6.50 Projected inflation rate ( %) 3.00 3.00 2.80 – 3.00 3.00 – 3.40 Discount rate ( %) 10.59 11.99 10.50 11.50 Loans growth ( %) 9.65 – 11.10 8.60- 8.40 – 9.90 6.20 – 13.40 Solvency index limit ( %) 12.50 – 14.70 11.50 – 4.00 10.00 – 12.00 9.00 – 10.80 |
Schedule of Impairment Assessment Process | As a result of the impairment testing process described above, management concludes that the recoverable amount of the CGUs exceeds their carrying amount, as shown in the following table: As of December 31, 2018 2017 Chile Colombia Chile Colombia Recoverable Amount / Carrying Value ( %) 113.00 102.90 118.30 102.00 |
Schedule of Discount Rates and Growth in Perpetuity | The Bank has sensitized discount and growth rates at perpetuity separately for CGU Colombia so that the Recoverable Amount (AR) of CGU Colombia is equal to its Carrying Amount (CA): As of 2018 2017 Discount rates ( %) 12.21 11.60 Perpetuity growth rate ( %) 6.29 6.40 Management has considered and analyzed possible reasonable changes in key assumptions and has not identified other situations in which the Carrying Amount exceeds the Recoverable Amount. Additionally, the ranges of the discount and growth rates in perpetuity of the CGU Colombia have been sensitized, separately, in both cases of 60 basis points As of December 31, 2018 2017 Discount rates ( %) 11.99 11.50 Range ( %) 11.39 – 12.59 10.90 – 12.10 Range (RA/CV) ( %) 93.01 – 118.21 91.80 – 115.00 Perpetuity growth rate ( %) 6.50 6.50 Range ( %) 5.90 – 7.10 5.90 – 7.10 Range (RA/CV) ( %) 94.72 – 116.05 91.50 – 115.40 |
Schedule of Cash Flows | The following table shows the effect of considering the flows and the discount rate before taxes. As of December 31, 2018 2017 Chile Colombia Chile Colombia Discount rates ( %) 13.22 18.08 12.78 17.93 Recoverable amount/Carrying value ( %) 126.50 111.90 150.50 118.06 |
Other operating income and ex_2
Other operating income and expenses (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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Schedule of Other Operating Income | The detail of other operating income is as follows: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Income from assets received in lieu of payment Gain on sales of assets received in lieu of payment 8,562 5,566 1,176 Other income 30 2,578 75 Subtotals 8,592 8,144 1,251 Other income Compensations from insurance companies 53 — Gain on sale of property, plant and equipment 5,519 14,119 37 Recovery of leased assets 1,349 522 514 Other operating income, subsidiaries 2,158 3,092 2,572 Gain on sale of leased assets 1,447 19 349 Other operating income 199 173 598 Marketing contribution, insurance companies 3,626 4,128 7,893 Other operating income, leases 724 446 — Other income for recovery foreign expenses 620 420 — Recoveries from expenses provisions 1,166 2,352 4,997 Other income 1,203 8,117 1,236 Subtotals 18,064 33,388 18,196 Totals 26,656 41,532 19,447 |
Schedule of Other Operating Expenses | During the years ended December 31, 2018, 2017 and 2016, the Bank presents other operating expenses according to the following: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Provisions for assets received in lieu of payment (16,132 ) (14,472 ) (9,463 ) Maintenance expenses for assets received in lieu of payment (1,301 ) (714 ) (596 ) Subtotal (17,433 ) (15,186 ) (10,059 ) Provisions for contingencies Other provisions for contingencies (1,998 ) (586 ) (8,952 ) Subtotals (1,998 ) (586 ) (8,952 ) Other expenses. Loss on sale of property, plant and equipment (307 ) (1,099 ) (71 ) Credit card loyalty point benefits expenses (14,306 ) (13,238 ) (26,303 ) Operating loss expenses (10,589 ) (8,098 ) (2,661 ) Insurance expense (law 20,027) (622 ) (1,205 ) (1,420 ) Provision expense for recovered leased assets (4,170 ) (4,835 ) (11,327 ) Banking expenses (2,450 ) (3,482 ) (2,184 ) Fines and penalties (13,110 ) (2,025 ) (880 ) Loss on damaged assets (2,311 ) (2,026 ) (962 ) Other expenses (903 ) (10,550 ) (6,896 ) Subtotals (48,768 ) (46,558 ) (52,704 ) Totals (68,199 ) (62,330 ) (71,715 ) |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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Schedule of Loan Granted to Related Parties | As of December 31, 2018 and 2017, the loans granted to related persons are detailed below: As of December 31, 2018 As of December 31, 2017 Productive Investment Individuals Productive Investment Individuals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Loans and accounts receivable from customers Commercial loans 170,873 64,073 3,960 113,202 79,715 3,730 Mortgage loans — — 21,154 — — 19,273 Consumer loans — — 5,961 — — 5,081 Gross loans and accounts receivable from customers 170,873 64,073 31,075 113,202 79,715 28,084 Allowance for loan losses (2,550 ) (70 ) (63 ) (1,627 ) (5,252 ) (96 ) Loans and receivables to customers, net 168,323 64,003 31,012 111,575 74,463 27,988 |
Schedule of Other Transactions with Related Parties | For the years ended December 31, 2018, 2017 and 2016, the Bank entered into the following transactions with related parties for amounts are detailed below: As of December 31, 2018 Balances receivable Effect on income (loss) (payable) Income Expense Name or Corporate Name Description MCh$ MCh$ MCh$ Redbanc S.A. ATM management — — 3,002 Transbank S.A. Credit card management — — 15,469 Combanc S.A. Data transmission services — — 350 Itaú Chile Cía. de Seguros de Vida S.A. Life insurance — 93 706 Corp Research S.A. Advisory services — — 463 Itaú Chile Inv. Serv. y Administración S.A. Leases — 204 141 Instituto de Estudios Bancarios Guillermo Subercaseaux Education services — — 121 VIP Asesorias y Servicios Integrales Ltda. Advisory services — — 129 Everis Chile S.A. Advisory services — — 906 CAI Gestion Inmobiliaria S.A. Department stores — — 103 Promoservice S.A. Promotional services — — — Comder Contraparte Central S.A Banking services — — 902 Operadora de Tarjeta de Crédito Nexus S.A. Credit card management — — 2,909 Pulso Editorial S.A Publishing services — — 471 Inmobiliaria Edificio Corpgroup S.A. Office lease and building fees — — 4,693 Hotel Corporation of Chile S.A. Hotel, events — — 94 Corp Imagen y diseños S.A. Marketing — — 99 Corp Group Holding Inversiones Limitada Advisory services — — 408 SMU S.A., Rendic Hnos. S.A. Lease of ATM space 6) 5,698 — 2,262 Inversiones Corp Group Interhold Ltda. Administrative consulting — — 2,476 Bcycle Latam SPA Administrative consulting — — 4,048 Bolsa de Comercio de Santiago Other services — — 204 Adexus S.A. Data transmission services — — 254 As of December 31, 2017 Balances receivable Effect on income (loss) Name or Corporate Name Description (payable) Income Expense MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Redbanc S.A. ATM management — — 3,355 Transbank S.A. Credit card management — — 14,586 Combanc S.A. Data transmission services — — 378 Itaú Chile Cía. de Seguros de Vida S.A. Life insurance — 7,819 948 Asesorias Cumelen S.A. Advisory services — — — Corp Research S.A. Management advisory services — — 453 Recuperadora de Créditos S.A. Credit collection — — — Itaú Chile Inv. Serv. y Administración S.A. Leases — — 650 Compañia de Seguros Confuturo S. A. (*) Insurance — — — Instituto de Estudios Bancarios Guillermo Subercaseaux Education services — — 143 Opina S.A. Publishing services — — — VIP Asesorias y Servicios Integrales Ltda. Advisory services — — 415 Everis Chile S.A. Advisory services — — 607 CAI Gestion Inmobiliaria S.A. Commercial home (Department stores) — — 115 Compañia de Seguros Corp Seguros S.A (*) Insurance — — — Universidad Andres Bello Education services — — — Promoservice S.A. Promotion services — — 267 Comder Contraparte Central S.A Banking services — — 1,067 Sinacofi S.A (*) Data transmission services — — — Operadora de Tarjeta de Crédito Nexus S.A. Credit Card processing — — 3,836 Pulso Editorial S.A Publishing services — — 509 Inmobiliaria Edificio Corpgroup S.A. Corporate office rent and building cost — — 4,725 Grupo de Radios Dial S.A. Publicity — — — Hotel Corporation of Chile S.A. Accommodation, events — — 265 Corp Imagen y diseños S.A. Other services — — 196 Asesorias e Inversiones Rapelco Limitada S.A. Other services — — — Corp Group Holding Inversiones Limitada Advisory services — — 398 SMU S.A., Rendic Hnos. S.A. Prepaid rent for space for ATMs 7,960 — 2,221 Inversiones Corp Group Interhold Ltda. Management advisory services — — 3,097 Bcycle Latam SPA Other services — — 552 As of December 31, 2016 Name or Corporate Name Description Balances receivable Effect on income (loss) Income Expense MCh$ MCh$ MCh$ Redbanc S.A. ATM management — — 3,754 Transbank S.A. Credit card management — — 10,882 Combanc S.A. Data transmission services — — 291 Itaú Chile Cía. de Seguros de Vida S.A. Life insurance — 5,653 2,782 Asesorias Cumelen S.A. Advisory services — — 450 Corp Research S.A. Management advisory services — — 443 Recuperadora de Créditos S.A. Credit collection — — 540 Itaú Chile Inv. Serv. y Administración S.A. Leases — — 422 Compañia de Seguros Confuturo S. A. Insurance — — 1,418 Instituto de Estudios Bancarios Guillermo Subercaseaux Education services — — 69 Opina S.A. Publishing services — — 110 VIP Asesorias y Servicios Integrales Ltda. Advisory services — — 185 Itaú Unibanco S.A. Advisory services — — — CAI Gestion Inmobiliaria S.A. Commercial home (Department stores) — — 90 Compañia de Seguros Corp Seguros S.A Insurance — — 3,263 Universidad Andres Bello Education services — — 32 Promoservice S.A. Promotion services — — 1,431 Comder Contraparte Central S.A Banking services — — 697 Sinacofi S.A Data transmission services — — 918 Operadora de Tarjeta de Crédito Nexus S.A. Credit Card processing — — 1,896 Pulso Editorial S.A Publishing services — — 521 Inmobiliaria Edificio Corpgroup S.A. Corporate office rent and building cost — — 5,010 Grupo de Radios Dial S.A. Publicity — — 107 Hotel Corporation of Chile S.A. Accommodation, events — — 64 Corp Imagen y diseños S.A. Other services — — 82 Asesorias e Inversiones Rapelco Limitada S.A. Other services — — 37 Corp Group Holding Inversiones Limitada Advisory services — — 394 SMU S.A., Rendic Hnos. S.A. Prepaid rent for space for ATMs 10,181 — 2,152 Inversiones Corp Group Interhold Ltda. Management advisory services — — 2,172 |
Schedule of Donations | Donations. Name or corporate name Description For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Fundación Corpgroup Centro Cultural Donations 1,225 1,302 1,373 Fundación Descúbreme Donations 194 200 173 Fundación Itaú Donations 157 167 152 Fundación de Inclusión Social Aprendamos Donations — 5 5 |
Schedule of Other Assets and Liabilities with Related Parties | Other assets and liabilities with related parties. As of December 31, 2018 2017 MCh$ MCh$ ASSETS 26,854 23,962 Derivative financial instruments 25,708 21,687 Other assets 1,146 2,275 LIABILITIES 188,057 185,056 Derivative financial instruments 860 1,935 Current accounts and demand deposits 30,466 37,464 Time deposits and saving accounts 145,995 131,409 Other liabilities 10,736 14,248 |
Schedule of Results of Transactions with Related Parties | Results of transactions with related parties For the years ended December 31, 2018 2017 2016 Type of recognized income or expense Income Expenses Income Expenses Income Expenses MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Income and interest expenses and readjustments 3,748 2,970 10,146 4,902 11,370 5,913 Income and expenses for commissions and services 829 — 5,227 — 5,483 — Profit and loss from trading 1,146 501 2,333 1,534 3,399 7,810 Operational support expenses 1,075 — 537 99 324 438 Other income and expenses 84 222 216 390 70 303 Totals 6,882 3,693 18,459 6,925 20,646 14,464 |
Schedule of Payments to Board of Directors and Key Management Personnel | Compensation received by key personnel of Management correspond to the following categories: As of December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Short-term employee benefits 31,892 27,759 35,762 Post-employment benefits — — — Other long-term benefits — — — Compensation for termination of contract 1,337 3,471 14,893 Totals 33,229 31,230 50,655 |
Schedule of Conformation of Key Personnel | Compensation received by directors and key management personnel is categorized as follows: Number of executives As of December 31, Position 2018 2017 Directors 12 11 Chief Executive Officers-at 11 7 Corporative Manager 10 11 Area manager 145 94 Deputy Managers 163 155 Vice-president 14 2 |
Schedule of Transactions with Key Personnel | The following transactions with key personnel have been performed during the years ended December 31, 2018 and 2017: As of December 31, 2018 2017 MCh$ MCh$ Credits cards 89 390 Consumer loans 339 793 Commercial loans 536 815 Mortgage loans 2,325 3,541 |
Fair Value of Financial Asset_2
Fair Value of Financial Assets and Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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Schedule of Determination of the Fair Value of Financial Instruments | Determination of the fair value as of December 31, 2018 - under IFRS 9 As of December 31, 2018 Book value Estimated fair value Recurring Non-recurring MCh$ MCh$ MCh$ ASSETS Cash and deposits in banks 987,680 — 987,680 Cash items in process of collection 318,658 — 318,658 Financial instruments at fair value through profit or loss 96,943 96,943 — Financial instruments at fair value through other comprehensive income 2,657,154 2,657,154 — Loans and accounts receivable at amortized cost 20,714,370 — 20,827,852 Financial instruments at amortized cost 198,923 — 199,561 Investments under resale agreements 109,467 — 109,467 Financial derivative contracts 1,368,957 1,368,957 Interbank loans, net 341,244 — 341,244 Totals 26,793,396 4,123,054 22,784,462 LIABILITIES Deposits and other demand liabilities 4,300,475 — 4,300,475 Cash in process of being cleared 247,165 — 247,165 Obligations under repurchase agreements 1,015,614 — 1,015,614 Time deposits and other time liabilities 10,121,111 — 10,135,722 Financial derivative contracts 1,112,806 1,112,806 — Interbank borrowings 2,327,723 — 2,335,509 Debt instruments issued 6,010,124 — 6,311,527 Other financial liabilities 12,400 — 12,400 Totals 25,147,418 1,112,806 24,358,412 The following table summarizes the fair values of the Bank’s main financial assets and liabilities as of December 31, 2017, including those that are not recorded at fair value in the Consolidated Statement of Financial Position. Determination of the fair value as of December 31, 2017 - under IAS 39 As of December 31, 2017 Estimated fair value Book value Recurring Non-recurring MCh$ MCh$ MCh$ ASSETS Cash and deposits in banks 964,030 — 964,030 Cash items in process of collection 157,017 — 157,017 Investments under resale agreements 28,524 — 28,524 Financial derivative contracts 1,248,775 1,248,775 — Interbank loans, net 70,077 — 70,077 Trading investments 415,061 415,061 — Loans and accounts receivable from customers, net 19,764,078 — 19,893,448 Available for sale instruments 2,663,478 2,663,478 — Held to maturity investments 202,030 — 201,283 Totals 25,513,070 4,327,314 21,314,379 LIABILITIES Deposits and other demand liabilities 4,141,667 — 4,141,667 Cash in process of being cleared 109,496 — 109,496 Obligations under repurchase agreements 420,920 — 420,920 Time deposits and other time liabilities 10,065,243 — 10,099,251 Financial derivative contracts 1,095,154 1,095,154 — Interbank borrowings 2,196,130 — 2,216,507 Debt instruments issued 5,950,038 — 6,185,043 Other financial liabilities 17,066 — 17,066 Totals 23,995,714 1,095,154 23,189,950 |
Schedule of Fair Value Measurements of Assets and Liabilities Only for Disclosure Purposes (Non-recurring) | The following section describes the methods used to estimate fair value: Fair Value Measurements of assets and liabilities only for disclosure purposes (non-recurring) Non-recurring As of December 31, 2018 MCh$ ASSETS Cash and deposits in banks 987,680 Cash items in process of collection 318,658 Loans and accounts receivable at amortized cost 20,827,852 Investments under resale agreements 109,467 Interbank loans, net 341,244 Financial instruments at amortized cost 199,561 Totals 22,784,462 LIABILITIES Deposits and other demand liabilities 4,300,475 Cash in process of being cleared 247,165 Obligations under repurchase agreements 1,015,614 Time deposits and other time liabilities 10,135,722 Interbank borrowings 2,335,509 Debt instruments issued 6,311,527 Other financial obligations 12,400 Totals 24,358,412 Fair Value Measurements of assets and liabilities only for disclosure purposes (non-recurring) Non-recurring As of December 31, 2017 MCh$ ASSETS Cash and deposits in banks 964,030 Cash items in process of collection 157,017 Investments under resale agreements 28,524 Interbank loans, net 70,077 Loans and accounts receivable from customers, net 19,893,448 Held to maturity investments 201,283 Totals 21,314,379 LIABILITIES Deposits and other demand liabilities 4,141,667 Cash in process of being cleared 109,496 Obligations under repurchase agreements 420,920 Time deposits and other time liabilities 10,099,251 Interbank borrowings 2,216,507 Debt instruments issued 6,185,043 Other financial obligations 17,066 Totals 23,189,950 |
Schedule of Fair Value Measurement of Financial Assets and Liabilities (Recurring) | Fair Value measurement of financial assets and liabilities (recurring) - under IFRS 9: Fair value measurement of recurring items As of December 31, 2018 MCh$ ASSETS Financial instruments at fair value through profit or loss 96,943 Chilean Central Bank and Government securities 36,608 Other securities issued in Chile 4,017 Foreign government and central bank instruments 23,276 Other instruments issued abroad 19,505 Investments in mutual funds 3,532 Other investments at FVTPL 10,005 Financial instruments at fair value through other comprehensive income 2,657,154 Chilean Central Bank and Government securities 1,352,084 Other securities issued in Chile 196,439 Foreign government and central bank instruments 769,693 Other instruments issued abroad 332,560 Other investments at FVOCI 6,378 Financial derivative contracts 1,368,957 Forwards 342,993 Swaps 1,021,701 Call options 4,217 Put options 46 Total 4,123,054 LIABILITIES Financial derivative contracts 1,112,806 Forwards 322,241 Swaps 788,133 Call options 1,493 Put options 939 Total 1,112,806 Fair Value measurement of financial assets and liabilities (recurring) – under IAS 39: Fair value measurement of recurring items As of December 31, 2017 MCh$ ASSETS Trading investments 415,061 Chilean Central Bank and Government securities 7,126 Other securities issued in Chile 5 Foreign government and central bank instruments 381,262 Other instruments issued abroad 8,147 Investments in mutual funds 18,521 Other investments — Available for sale instruments 2,663,478 Chilean Central Bank and Government securities 1,783,877 Other securities issued in Chile 147,762 Foreign government and central bank instruments 420,687 Other instruments issued abroad 300,740 Other investments 10,412 Financial derivative contracts 1,248,775 Forwards 316,901 Swaps 930,744 Call options 421 Put options 709 Total 4,327,314 LIABILITIES Financial derivative contracts 1,095,154 Forwards 333,482 Swaps 759,216 Call options 86 Put options 2,370 Total 1,095,154 |
Schedule of Financial Derivative Instruments | These adjustments are recorded periodically in the financial statements. As of December 2018, 2017 and 2016, the portfolio of derivative contracts in both Chile and Colombia is detailed as follows: As of December 31, 2018 2017 2016 CVA DVA CVA DVA CVA DVA MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Derivatives held for hedging — — (2 ) 815 (36 ) 244 Fair value hedge — — (11 ) 783 (12 ) 274 Currency forwards — — — — — — Currency swaps — — (5 ) 222 9 37 Interest rate swaps — — (6 ) 561 (21 ) 237 Cash flow hedge — — 1 54 (18 ) (6 ) Currency forwards — — (1 ) (13 ) (17 ) — Currency swaps — — — 27 (1 ) 5 Interest rate swaps — — 2 40 — (11 ) Hedge of net investments in a foreign operation — — 8 (22 ) (6 ) (24 ) Currency forwards — — 8 (22 ) (6 ) (24 ) Currency swaps — — — — — — Interest rate swaps — — — — — — Derivatives held for trading (37,821 ) 340 (53,396 ) 554 (51,961 ) 1,003 Currency forwards (127 ) 65 (258 ) (724 ) (1,161 ) (72 ) Currency swaps (31,167 ) 127 (42,829 ) 367 (28,951 ) 526 Interest rate swaps (6,527 ) 148 (10,244 ) 911 (21,860 ) 549 Call currency options — — — — (10 ) — Call currency options — — (65 ) — 21 — Total financial derivative contracts (37,821 ) 340 (53,398 ) 1,369 (51,997 ) 1,247 |
Schedule of Impacts on the Portfolio of a Recalibration | The table below summarizes the impacts on the portfolio of a recalibration of the models based on a stress scenario, recalibrating parameters with the shock incorporated. Impact calibration As of December 31, 2018 As of December 31, 2017 Forward USD-CLP Basis TAB Basis TAB Forward USD-CLP Basis TAB Basis TAB MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Volatility exchange rate USD-CLP — — — — — — TAB 30 — 116 — — 157 — TAB 90 — 26 — — 46 — TAB 180 — 50 21 — — 30 TAB 360 — 3 5 — — 8 Totals — 195 26 — 203 38 |
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis | The following table classifies assets and liabilities measured at fair value on a recurring basis, in accordance with the fair value hierarchy established in IFRS 13 as of December 31, 2018 – under IFRS 9: As of December 31, 2018 Measurement at fair value of instruments on a recurring basis using Fair value Market value of the Other observable (Level 2) Non-observable (Level 3) MCh$ MCh$ MCh$ MCh$ ASSETS Financial instruments at fair value through profit or loss 96,943 67,430 29,513 — Chilean Central Bank and Government securities 36,608 36,608 — — Other securities issued locally 4,017 4,014 3 — Foreign government and central bank instruments 23,276 23,276 — — Other securities issued abroad 19,505 — 19,505 — Investments in mutual funds 3,532 3,532 — — Other investments at FVTPL 10,005 — 10,005 — Financial instruments at fair value through other comprehensive income 2,657,154 2,458,410 198,744 — Chilean Central Bank and Government securities 1,352,084 1,352,084 — — Other securities issued locally 196,439 5,979 190,460 — Foreign government and central bank instruments 769,693 769,693 — — Other securities issued abroad 332,560 330,654 1,906 — Other investments at FVOCI 6,378 — 6,378 — Financial derivative contracts 1,368,957 — 1,341,801 27,156 Forwards 342,993 — 342,375 618 Swaps 1,021,701 — 995,163 26,538 Call options 4,217 — 4,217 — Put options 46 — 46 — Totals 4,123,054 2,525,840 1,570,058 27,156 LIABILITIES Financial derivative contracts 1,112,806 — 1,112,237 569 Forwards 322,241 — 322,192 49 Swaps 788,133 — 787,613 520 Call options 1,493 — 1,493 — Put options 939 — 939 — Totals 1,112,806 — 1,112,237 569 The following table classifies assets and liabilities measured at fair value on a recurring basis, in accordance with the fair value hierarchy established in IFRS 13 as of December 31, 2017 – under IAS 39: As of December 31, 2017 Measurement at fair value of instruments on a recurring basis Fair value Market value of Other observable (Level 2) Non-observable MCh$ MCh$ MCh$ MCh$ ASSETS Trading investments 415,061 409,197 5,864 — Chilean Central Bank and Government securities 7,126 7,126 — — Other securities issued locally 5 — 5 — Foreign government and central bank instruments 381,262 378,636 2,626 — Other securities issued abroad 8,147 4,914 3,233 — Investments in mutual funds 18,521 18,521 — — Available for sale instruments 2,663,478 2,204,564 458,914 — Chilean Central Bank and Government securities 1,783,877 1,783,877 — — Other securities issued locally 147,762 — 147,762 — Foreign government and central bank instruments 420,687 420,687 — — Other securities issued abroad 300,740 — 300,740 — Other investments 10,412 — 10,412 Financial derivative contracts 1,248,775 — 1,218,247 30,528 Forwards 316,901 — 316,848 53 Swaps 930,744 — 900,269 30,475 Call options 421 — 421 — Put options 709 — 709 — Totals 4,327,314 2,613,761 1,683,025 30,528 LIABILITIES Financial derivative contracts 1,095,154 — 1,094,549 605 Forwards 333,482 — 333,482 — Swaps 759,216 — 758,611 605 Call options 86 — 86 — Put options 2,370 — 2,370 — Totals 1,095,154 — 1,094,549 605 |
Schedule of Reconciliation | As of December 31, 2018 no transfers were observed between Level 1 and Level 2, as shown below – under IFRS 9: Measurement at fair value of instruments that are valued recurrently As of December 31, 2018 Fair value Level 1 to 2 Level 2 to 1 MCh$ MCh$ MCh$ ASSETS Financial instruments at fair value through profit or loss 96,943 — — Financial instruments at fair value through other comprehensive income 2,657,154 — — Financial derivative contracts 1,368,957 — — Totals 4,123,054 — — LIABILITIES Financial derivative contracts 1,112,806 — — Totals 1,112,806 — — As of December 31, 2018 no transfers were observed between Level 1 and Level 2, as shown below – under IAS 39: Measurement at fair value of instruments that are valued recurrently As of December 31, 2017 Fair value Level 1 to 2 Level 2 to 1 MCh$ MCh$ MCh$ ASSETS Trading investments 415,061 — — Available for sale instruments 2,663,478 — — Financial derivative contracts 1,248,775 — — Totals 4,327,314 — — LIABILITIES — Financial derivative contracts 1,095,154 — — Totals 1,095,154 — — |
Schedule of Reconciliation | The following table reconciles assets and liabilities measured at fair value on a recurring basis as of December 31, 2018 and 2017. As of December 31, 2018 Level 3 reconciliation Opening Gain (loss) Gain (loss) Purchases, Transfers from level 2 Ending MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ ASSETS Financial derivative contracts 30,528 5,863 — (9,235 ) — 27,156 Forwards 53 716 — (151 ) — 618 Swaps 30,475 5,147 — (9,084 ) — 26,538 Call options — — — — — — Put options — — — — — — Totals 30,528 5,863 — (9,235 ) — 27,156 LIABILITIES Financial derivative contracts 605 1,223 — (1,259 ) — 569 Forwards — 831 — (782 ) — 49 Swaps 605 392 — (477 ) — 520 Call options — — — — — Put options — — — — — Totals 605 1,223 — (1,259 ) — 569 As of December 31, 2017 Level 3 reconciliation Opening Gain (loss) Gain (loss) Purchases, Transfers from Ending MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ ASSETS Financial derivative contracts 41,124 4,849 — (15,445 ) — 30,528 Forwards — 209 — (156 ) — 53 Swaps 41,124 4,640 — (15,289 ) — 30,475 Call options — — — — — — Put options — — — — — — Totals 41,124 4,849 — (15,445 ) — 30,528 LIABILITIES Financial derivative contracts 1,340 (325 ) — (410 ) — 605 Forwards 609 (465 ) — (144 ) — — Swaps 731 140 — (266 ) — 605 Call options — — — — — Put options — — — — — Totals 1,340 (325 ) — (410 ) — 605 |
Schedule of Classifies Assets and Liabilities Measured at Fair Value on a Non-recurring Basis | The following table classifies assets and liabilities measured at fair value on a non-recurring As of December 31, 2018 Measurement at fair value of items on a non-recurring Estimated fair Market value of the Other observable Non-observable significant inputs (Level 3) MCh$ MCh$ MCh$ MCh$ ASSETS Cash and deposits in banks 987,680 987,680 — — Cash items in process of collection 318,658 318,658 — — Loans and accounts receivable at amortized cost 20,827,852 — — 20,827,852 Financial instruments at amortized cost 199,561 — 199,561 — Investments under resale agreements 109,467 109,467 — — Interbank loans, net 341,244 341,244 — — Totals 22,784,462 1,757,049 199,561 20,827,852 LIABILITIES Deposits and other demand liabilities 4,300,475 4,300,475 — — Cash in process of being cleared 247,165 247,165 — — Obligations under repurchase agreements 1,015,614 1,015,614 — — Time deposits and other time liabilities 10,135,722 10,135,722 — Borrowings from financial institutions 2,335,509 2,335,509 — — Debt instruments issued 6,311,527 6,311,527 — Other financial obligations 12,400 12,400 — — Totals 24,358,412 7,911,163 16,447,249 — As of December 31, 2017 Measurement at fair value of items on a non-recurring Estimated fair Market value of the Other observable Non-observable (Level 3) MCh$ MCh$ MCh$ MCh$ ASSETS Cash and deposits in banks 964,030 964,030 — — Cash items in process of collection 157,017 157,017 — — Investments under resale agreements 28,524 28,524 — — Interbank loans, net 70,077 70,077 — — Loans and accounts receivable from customers, net 19,893,448 — — 19,893,448 Held to maturity investments 201,283 — 201,283 — Totals 21,314,379 1,219,648 201,283 19,893,448 LIABILITIES Deposits and other demand liabilities 4,141,667 4,141,667 — — Cash in process of being cleared 109,496 109,496 — — Obligations under repurchase agreements 420,920 420,920 — — Time deposits and other time liabilities 10,099,251 — 10,099,251 — Borrowings from financial institutions 2,216,507 2,216,507 — — Debt instruments issued 6,185,043 — 6,185,043 — Other financial obligations 17,066 17,066 — — Totals 23,189,950 6,905,656 16,284,294 — |
Risk management (Tables)
Risk management (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Details of Significant Increase in Credit Risk | The table below summarizes per type of asset the range above which an increase in lifetime PD is determined to be significant, as well as some indicative qualitative indicators assessed. Criteria used for Chile Type of portfolio Debtor category PD ranges per % of in lifetime Stages Days of arrears to the end of the month A1 A2 0.04 – 0.25% 0.13% Stage 1 Up to 29 days A3 A4 2.00% 1.62% A5 (*) 4.75 – 10% 3.52% Stage 2 From 30 to 89 days A6 B1 B2 15 -45% 23.05% Corporate B3 B4 C1 C2 C3 100% 100% Stage 3 90 days or more C4 C5 C6 (*) Loans originated in A5 are considered Stage 1 at inception. Loans that were originated in a higher category and subsequently downgraded to A5 are considered Stage 2. Type of portfolio Stages Days of arrears to the end of the month Probability of default (PD) and Stage 1 Up to 29 days Difference between Referential Group Stage 2 From 30 to 89 days Difference between Referential Stage 3 90 days or more Restructured loans with 60 days in The quantitative criteria is used to identify where an exposure has increased in credit risk and it is applied based on whether an increase in the lifetime PD since the recognition date exceeds the threshold set in absolute and relative terms. The following formulas are used to determine such thresholds: Relative comparison formula Threshold = Lifetime PD (at reporting date) Lifetime PD (at origination) Absolute comparison formula Threshold = Lifetime PD (at reporting date) – Lifetime PD (at origination) Criteria used for Colombia % of absolute increase in lifetime PD % of relative increase in lifetime PD Qualitative indicators assessed Corporate portfolio Without information 34.39 % 86.90 % Small company 22.26 % 1314.07 % Small company 33.91 % 1326.89 % Medium company 22.53 % 64.23 % • Debt restructuring Medium company 25.67 % 1203.61 % • Increase in credit risk of other financial instruments Large company 10.28 % 99.15 % Low default 0.46 % 0.48 % Low default (Government and Financial) 0.00 % 324.00 % Group portfolio Leasing 33.23 % 82.04 % Payroll deductible loan 2.79 % 77.14 % Revolving line of credit 35.22 % 85.65 % Overdraft limit 0.70 % 241.11 % Credit card 29.44 % 175.32 % Mortgage loan 2.55 % 151.19 % Personal debt restructuring 44.04 % 101.64 % • Increase in credit risk of other financial instruments Other loans 26.53 % 174.02 % |
Summary of Principal Macroeconomic Indicators Included in Economic Scenarios | The table below summarizes the principal macroeconomic indicators included in the economic scenarios used as of December 31, 2018 until December 31, 2023 in the countries where the Bank and its subsidiaries operate and therefore are the countries that have a material impact on ECLs. Criteria for Chile Indicators Portfolio 2019 2020 2021 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Unemployment rate Base scenario 7.16 % 7.42 % 7.13 % 6.86 % 7.15 % 7.43 % 7.16 % 6.91 % 7.21 % 7.49 % 7.21 % 6.96 % Range of upside scenarios 7.20 % 7.53 % 7.28 % 7.04 % 7.33 % 7.59 % 7.30 % 7.02 % 7.29 % 7.54 % 7.23 % 6.94 % Range of downside scenarios 7.12 % 7.32 % 6.98 % 6.69 % 6.98 % 7.26 % 7.02 % 6.80 % 7.13 % 7.43 % 7.20 % 6.98 % Consumer’s price index (IPC) Base scenario 108.52 109.33 110.24 110.93 112.05 112.66 113.48 114.23 115.41 116.01 116.86 117.63 Range of upside scenarios 108.56 109.47 110.51 111.17 112.29 112.83 113.72 114.43 115.59 116.16 117.09 117.84 Range of downside scenarios 108.48 109.19 109.96 110.68 111.81 112.48 113.23 114.02 115.23 115.87 116.62 117.43 Interbank interest rate Base scenario 3.00 % 3.25 % 3.50 % 3.75 % 4.00 % 4.50 % 4.50 % 4.50 % 4.50 % 4.50 % 4.50 % 4.50 % Range of upside scenarios 3.75 % 4.50 % 5.00 % 5.25 % 5.50 % 6.25 % 6.00 % 5.50 % 5.00 % 4.50 % 4.50 % 4.50 % Range of downside scenarios 2.25 % 2.00 % 2.00 % 2.25 % 2.50 % 2.75 % 3.00 % 3.50 % 4.00 % 4.50 % 4.50 % 4.50 % Copper Base scenario 2.78 2.81 2.83 2.86 2.87 2.88 2.88 2.89 2.90 2.91 2.92 2.93 Range of upside scenarios 2.58 2.40 2.22 2.10 2.68 2.88 2.88 2.89 2.90 2.91 2.92 2.93 Range of downside scenarios 2.99 3.22 3.45 3.61 3.06 2.88 2.88 2.89 2.90 2.91 2.92 2.93 Criteria for Colombia As of December 31, 2019 2020 2021 GDP growth Base scenario 3.11 2.66 2.63 Range of upside scenarios 4.33 4.20 4.25 Range of downside scenarios 3.72 3.43 3.44 Unemployment rates Base scenario 9.84 9.84 9.84 Range of upside scenarios 9.50 9.40 9.34 Range of downside scenarios 10.21 10.29 10.35 Benchmark interest rates Base scenario 4.75 4.75 4.75 Range of upside scenarios 5.75 5.75 5.75 Range of downside scenarios 3.75 3.75 3.75 currency exchange rate Base scenario 3,180 3,180 3,150 Range of upside scenarios 3,104 3,071 3,025 Range of downside scenarios 3,256 3,289 3,335 Consumer’s Price Index Base scenario 3.40 3.00 3.00 Range of upside scenarios 3.95 3.91 4.27 Range of downside scenarios 2.74 1.86 1.38 |
Summary of ECL Coverage of Loans and Accounts Receivable at Amortized Cost Subject to Significant Measurement Uncertainty | Set out below are the changes to ECL as of December 31, 2018 that would result from reasonably possible changes in these parameters from the actual assumptions used in the Bank’s economic variable assumptions as set forth in the tables above for Base scenarios, upside scenarios, and downside scenarios. ECL coverage of loans and accounts receivable at amortized cost subject to significant measurement Chile Colombia MCh$ MCh$ Reported ECL 502,943 279,770 Loans and accounts receivable at amortized cost 16,783,609 4,698,881 Reported Coverage (Reported ECL/ loans and accounts receivable at amortized cost) % 3.00 5.95 Consensus upside scenario (Upside scenario for ECL/ loans and accounts receivable at amortized cost) % 2.94 6.03 Consensus central scenario (Base scenario for ECL/ loans and accounts receivable at amortized cost) % 3.00 5.95 Consensus downside scenario (Downside scenario for ECL/ loans and accounts receivable at amortized cost) % 3.04 5.84 |
Schedule of Credit Quality by Financial Asset Class | A detail by credit quality, which includes loans and accounts receivable from customers and interbank loans, under IFRS 9 as of December 31, 2018 and under IAS 39 as of December 31, 2017, is summarized as follows: As of December 31, 2018 Corporate Stage 1 Stage 2 Stage 3 Totals Percentage Stage 1 Stage 2 Stage 3 Totals Percentage MCh$ MCh$ MCh$ MCh$ % MCh$ MCh$ MCh$ MCh$ % A1 115,422 — — 115,422 0.53 % 899 — — 899 0.12 % A2 681,792 — — 681,792 3.12 % 1,477 — — 1,477 0.19 % A3 3,033,770 — — 3,033,770 13.90 % 5,901 — — 5,901 0.77 % A4 4,007,691 — — 4,007,691 18.36 % 37,650 — — 37,650 4.90 % A5 2,727,643 — — 2,727,643 12.50 % 96,956 — — 96,956 12.61 % A6 — 837,283 — 837,283 3.84 % — 14,829 — 14,829 1.93 % B1 — 377,954 — 377,954 1.73 % — 10,116 — 10,116 1.32 % B2 — 104,513 — 104,513 0.48 % — 5,479 — 5,479 0.71 % B3 — 84,197 — 84,197 0.39 % — 8,830 — 8,830 1.15 % B4 — 297,570 — 297,570 1.36 % — 37,422 — 37,422 4.87 % C1 — — 137,216 137,216 0.63 % — — 2,344 2,344 0.30 % C2 — — 79,134 79,134 0.36 % — — 6,758 6,758 0.88 % C3 — — 34,263 34,263 0.16 % — — 7,317 7,317 0.95 % C4 — — 62,242 62,242 0.29 % — — 21,265 21,265 2.77 % C5 — — 63,181 63,181 0.29 % — — 47,576 47,576 6.19 % C6 — — 127,874 127,874 0.59 % — — 84,475 84,475 11.00 % Subtotals corporate 10,566,318 1,701,517 503,910 12,771,745 58.53 % 142,883 76,676 169,735 389,294 50.66 % As of December 31, 2018 Group Stage 1 Stage 2 Stage 3 Total group Percentage Stage 1 Stage 2 Stage 3 Totals Percentage MCh$ MCh$ MCh$ MCh$ % MCh$ MCh$ MCh$ MCh$ % Commercial loans 1,710,659 95,045 131,158 1,936,862 8.87 % 39,864 20,622 35,390 95,876 12.47 % Mortgage loans 3,626,811 659,119 159,897 4,445,827 20.37 % 5,756 37,800 22,561 66,117 8.60 % Consumer loans 2,135,693 444,058 90,012 2,669,763 12.23 % 70,765 84,842 61,689 217,296 28.27 % Subtotals group 7,473,163 1,198,222 381,067 9,052,452 41.47 % 116,385 143,264 119,640 379,289 49.34 % Totals portfolio 18,039,481 2,899,739 884,977 21,824,197 100 % 259,268 219,940 289,375 768,583 100 % As of December 31, 2017 Categories Individual % over total portfolio Allowances Cover range ratio MCh$ % MCh$ % A1 65,511 0.32 % 21 0.03 % A2 248,736 1.22 % 273 0.11 % A3 2,950,482 14.43 % 2,285 0.08 % A4 3,861,377 18.88 % 22,819 0.59 % A5 2,926,634 14.31 % 52,874 1.81 % A6 683,049 3.33 % 16,509 2.42 % Normal portfolio 10,735,789 52.49 % 94,781 0.88 % B1 205,536 1.00 % 6,087 2.96 % B2 120,640 0.59 % 2,315 1.92 % Impaired 779,828 3.81 % 195,177 25.03 % Non-compliant 1,106,004 5.40 % 203,579 18.41 % Subtotals 11,841,793 57.89 % 298,360 2.52 % As of December 31, 2017 Categories Group % over total portfolio Allowance Cover range ratio MCh$ % MCh$ % Normal risk portfolio 1,751,232 8.56 % 57,057 3.26 % Non-compliant 193,806 0.95 % 91,705 47.32 % Commercial loans 1,945,038 9.51 % 148,762 7.65 % Normal risk portfolio 3,975,744 19.44 % 22,730 0.57 % Non-compliant 177,009 0.87 % 12,289 6.94 % Mortgage loans 4,152,753 20.31 % 35,019 0.84 % Normal risk portfolio 2,396,246 11.72 % 93,255 3.89 % Non-compliant 117,060 0.57 % 43,339 37.02 % Consumer loans 2,513,306 12.29 % 136,594 5.43 % Subtotals 8,611,097 42.11 % 320,375 3.72 % Totals 20,452,890 100 % 618,735 3.03 % |
Schedule of Analysis of Gross Carrying Amount of Loans and Advances to Customers by Past Due Status under IFRS 9 and IAS 39 | The table below provides an analysis of the gross carrying amount of loans and advances to customers by past due status under IFRS 9: As of December 31, 2018 Current Less than 30 Between 30 More than 90 Totals Total overdue MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Interbank loans 341,707 — — — 341,707 — Loans and accounts receivable from customers Commercial loans 13,683,048 251,596 117,386 314,870 14,366,900 683,852 Mortgage loans 4,181,849 108,783 64,088 91,107 4,445,827 263,978 Consumer loans 2,493,765 69,412 59,616 46,970 2,669,763 175,998 Totals 20,700,369 429,791 241,090 452,947 21,824,197 1,123,828 The table below provides an analysis of the gross carrying amount of loans and advances to customers by overdue status under IAS 39: As of December 31, 2017 Current Less than 30 Between 30 More than 90 Totals Total overdue MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Interbank loans 70,285 — — — 70,285 — Loans and accounts receivable from customers Commercial loans 13,526,944 211,535 143,063 319,377 14,200,919 673,975 Mortgage loans 3,893,786 115,688 61,890 93,786 4,165,150 271,364 Consumer loans 2,521,397 68,955 52,854 48,852 2,692,058 170,661 Totals 20,012,412 396,178 257,807 462,015 21,128,412 1,116,000 |
Schedule of Bank's Maximum Credit Risk Exposure by Financial Asset | The following table shows the Bank’s maximum credit risk exposure by financial asset as of December 31, 2018, 2017, 2016 for different balance sheet items, including derivatives, without deducting real guarantees or other credit enhancements received: Maximum Exposure as of December 31, 2018 Balance sheet asset Off-balance Collateral Net exposure Notes Gross Allowances Net amounts Gross Allowances Net Cash Non-cash MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Financial instruments at fair value through other comprehensive income 11 2,657,154 — 2,657,154 — — — 2,657,154 Loans and accounts receivable at amortized cost 10 21,482,490 768,120 20,714,370 5,383,914 45,848 5,338,066 — 13,143,140 12,909,296 Commercial loans 14,366,900 484,707 13,882,193 5,383,914 45,848 5,338,066 — 5,527,419 13,692,840 Mortgage loans 4,445,827 66,117 4,379,710 — — — — 7,257,682 (2,877,972 ) Consumer loans 2,669,763 217,296 2,452,467 — — — — 358,039 2,094,428 Financial instruments at amortized cost 11 198,923 — 198,923 — — — — — 198,923 Investments under resale agreements 7 109,467 — 109,467 — — — — 109,467 — Financial derivative contracts 8 1,368,957 — 1,368,957 — — — 91,223 — 1,277,734 Interbank loans, net 9 341,707 463 341,244 — — — — — 341,244 Other assets 15 467,806 — 467,806 — — — — — 467,806 Totals 26,626,504 768,583 25,857,921 5,383,914 45,848 5,338,066 91,223 13,252,607 17,852,157 Maximum Exposure as of December 31, Notes 2017 MCh$ Investments under resale agreements 7 28,524 Financial derivative contracts 8 1,248,775 Interbank loans, net 9 70,077 Loans and accounts receivable from customers, net 10 19,764,078 Available for sale instruments 11 2,663,478 Held to maturity investments 11 202,030 Other assets 15 429,025 Totals 24,405,987 |
Summary for Allowances for Loan Losses According to IFRS 9 | A summary for the allowances for loan losses according to IFRS 9 is as follows: As of December 31, MCh$ Loans and accounts receivable at amortized cost 782,713 Interbank loans, net 463 Provisions for contingent loans risk 20,942 Total allowances 804,118 |
Schedule of Concentration of Credit Risk by Industry | The following table displays the concentration of credit risk by industry for financial assets: As of December 31, 2018 2017 Note Maximum Maximum % Maximum Maximum % MCh$ MCh$ MCh$ MCh$ Manufacturing 1,097,211 994,246 7.64 % 1,040,491 960,774 7.24 % Mining 677,777 675,973 4.72 % 644,061 419,582 3.16 % Electricity, gas and water 957,373 769,643 6.66 % 936,483 466,008 3.51 % Agriculture and livestock 346,369 341,018 2.41 % 415,930 289,826 2.18 % Forestry and wood extraction 29,683 24,362 0.21 % 38,807 32,165 0.24 % Fishing 3,475 2,621 0.02 % 13,912 8,688 0.07 % Transport 700,401 602,973 4.88 % 668,477 450,949 3.40 % Communications 86,077 84,135 0.60 % 94,439 28,201 0.21 % Construction 1,746,626 1,729,426 12.16 % 1,638,120 1,357,343 10.23 % Commerce 1,620,108 1,599,435 11.27 % 1,712,850 998,567 7.53 % Services 3,872,060 3,869,613 26.95 % 3,780,733 2,578,863 19.43 % Others 3,229,740 3,188,748 22.48 % 2,732,243 5,678,666 42.79 % Subtotal commercial loans 10 a ) 14,366,900 13,882,193 100 % 13,716,546 13,269,632 100.00 % Consumer loans 10 a ) 4,445,827 4,379,710 2,513,306 2,376,712 Mortgage loans 10 a ) 2,669,763 2,452,467 4,152,753 4,117,734 Totals 21,482,490 20,714,370 20,382,605 19,764,078 (1) Net of allowances |
Schedule of Banking Book Positions (Products Valued at Amortized Cost and Available-for-sale Instruments and Derivatives Valued at Fair Value) | The following are the Banking Book items (products valued at amortized cost and FVTOCI / instruments available for sale and derivatives valued at fair value) for the most relevant currencies in which the Bank trades at the end of the year ended December 31, 2018 and 2017: As of December 31, 2018 Positions Up to 1 month Between 1 and 3 More than 3 months Between 1 and More than Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ ASSETS 7,361,827 2,732,465 5,510,072 4,787,052 8,314,688 28,706,104 CLP 3,519,009 1,000,478 1,753,132 1,800,011 1,181,157 9,253,787 CLF 466,115 447,398 1,329,598 1,845,604 6,182,033 10,270,748 USD 1,469,457 623,505 1,197,716 126,122 102,349 3,519,149 COP 1,907,246 661,084 1,229,626 1,015,315 849,149 5,662,420 LIABILITIES (14,009,676 ) (2,685,555 ) (4,724,403 ) (2,206,000 ) (5,849,673 ) (29,475,307 ) CLP (8,733,561 ) (1,463,211 ) (2,101,205 ) (560,099 ) (330,000 ) (13,188,076 ) CLF (214,266 ) (181,744 ) (190,917 ) (1,072,879 ) (5,201,884 ) (6,861,690 ) USD (1,319,813 ) (643,544 ) (1,750,434 ) (173,922 ) — (3,887,713 ) COP (3,742,036 ) (397,056 ) (681,847 ) (399,100 ) (317,789 ) (5,537,828 ) Derivatives (729,147 ) 444,096 251,673 (21,576 ) 784,784 729,830 CLP (209,799 ) 1,521,695 394,300 209,804 65,913 1,981,913 CLF (366,332 ) (1,221,035 ) (469,699 ) (330,428 ) 762,022 (1,625,472 ) USD (50,293 ) 263,381 452,557 (38,395 ) (8,123 ) 619,127 COP (102,723 ) (119,945 ) (125,485 ) 137,443 (35,028 ) (245,738 ) As of December 31, 2017 Positions Up to 1 Between 1 More than 3 Between 1 More than 3 Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ ASSETS 7,436,586 2,246,446 5,019,349 4,535,451 5,162,137 24,399,969 CLP 4,256,811 892,701 1,688,269 1,315,539 665,015 8,818,335 CLF 481,000 510,095 2,008,605 2,172,278 3,891,622 9,063,600 USD 702,899 263,710 547,828 33,258 11,851 1,559,546 COP 1,995,876 579,940 774,647 1,014,376 593,649 4,958,488 LIABILITIES (11,817,755 ) (2,349,046 ) (4,811,419 ) (3,107,492 ) (4,272,956 ) (26,358,668 ) CLP (6,418,945 ) (1,147,278 ) (3,162,828 ) (1,204,044 ) (221,116 ) (12,154,211 ) CLF (352,331 ) (255,086 ) (423,122 ) (968,507 ) (3,748,085 ) (5,747,131 ) USD (1,861,588 ) (318,197 ) (539,389 ) (450,818 ) — (3,169,992 ) COP (3,184,891 ) (628,485 ) (686,080 ) (484,123 ) (303,755 ) (5,287,334 ) Derivatives 256,630 (35,782 ) (808,002 ) 186,303 80,255 (320,596 ) CLP 819,878 456,293 268,834 (324,113 ) (152,389 ) 1,068,503 CLF (1,209,472 ) (508,032 ) (817,140 ) (226,061 ) 321,390 (2,439,315 ) USD 879,996 (47,020 ) 70,834 361,999 6,409 1,272,218 COP (233,772 ) 62,977 (330,530 ) 374,478 (95,155 ) (222,002 ) |
DisclosureOfStructuralInterestRatePositionInBankingBookExplanatory | The consumption of regulatory limit of market risk, specifically for the Trading Book as of December 31, 2018, 2017 and 2016, is presented below: Limit consumption As of December 31, 2018 2017 2016 Market risk exposure (MRE) 71.80 % 71.30 % 60.40 % |
Schedule of Banking Book | The following table details regulatory limit consumption for market risk, specifically for the Banking Book as of December 31, 2018, 2017 and 2016: Limit consumption As of December 31, 2018 2017 2017 Short-term exposure to interest rate risk 51.40 % 45.00 % 60.60 % Long-term exposure to interest rate risk 50.30 % 43.20 % 13.18 % |
Schedule of Interest Rate | Interest rate scenarios - Chile (basis points – 0.01%) The table below presents a sensitivity analysis for changes of 0.01% in interest rates by term and type of interest rate, and its corresponding impact on profit and loss (net interest margin) and equity (valuation accounts for financial instruments at FVTOCI). Term Scenarios for impacts on P&L Scenarios for impacts on FVTOCI Chamber Government Chamber Government Curve Curve Chamber Government Chamber Government Curve Curve 1 day (35 ) 52 139 140 (101 ) 101 (35 ) 52 (139 ) 140 101 101 3 months (35 ) 52 139 140 (101 ) 101 (35 ) 52 (139 ) 140 101 101 6 months (35 ) 52 139 140 (101 ) 101 (35 ) 52 (139 ) 140 101 101 9 months (35 ) 57 111 116 (86 ) 86 (35 ) 57 (111 ) 116 86 86 1 year (35 ) 62 81 89 (70 ) 70 (35 ) 62 (81 ) 89 70 70 2 years (46 ) 52 86 56 (64 ) 64 (46 ) 52 (86 ) 56 64 64 3 years (47 ) 48 83 60 (65 ) 65 (47 ) 48 (83 ) 60 65 65 4 years (48 ) 43 79 64 (66 ) 66 (48 ) 43 (79 ) 64 66 66 5 years (48 ) 39 75 68 (67 ) 67 (48 ) 39 (75 ) 68 67 67 7 years (45 ) 43 67 68 (65 ) 65 (45 ) 43 (67 ) 68 65 65 10 years (39 ) 50 55 68 (63 ) 63 (39 ) 50 (55 ) 68 63 63 20 years (39 ) 50 42 48 (63 ) 63 (39 ) 50 (42 ) 48 63 63 Interest rate scenarios - Colombia (basis points – 0.01%) The table below presents a sensitivity analysis for changes of 0.01% in interest rates by term and type of interest rate, and its corresponding impact on profit and loss (net interest margin) and equity (valuation accounts for financial instruments at FVTOCI). Tenor Scenarios for impacts on P&L Scenarios for impacts on FVTOCI Government COP Swap IBR Curve USD Government COP Swap IBR Curve USD 1 day (18 ) 44 (1 ) (18 ) 44 (1 ) 3 months (13 ) 31 (2 ) (13 ) 31 (2 ) 6 months (8 ) 37 (6 ) (8 ) 37 (6 ) 9 months (3 ) 40 (9 ) (3 ) 40 (9 ) 1 year 2 43 (12 ) 2 43 (12 ) 2 years 22 48 (19 ) 22 48 (19 ) 3 years 42 46 (22 ) 42 46 (22 ) 4 years 53 55 (24 ) 53 55 (24 ) 5 years 54 63 (26 ) 54 63 (26 ) 7 years 56 58 (26 ) 56 58 (26 ) 10 years 58 50 (27 ) 58 50 (27 ) 20 years 49 23 (29 ) 49 23 (29 ) Tenor Scenarios for impacts on accrual book Government COP Curve USD 1 day 44 28 1 month 31 29 3 months 31 32 6 months 37 40 9 months 40 35 1 year 43 31 |
Schedule of Exchange Rate | Exchange rate scenarios Chile The table below presents a sensitivity analysis for changes in the relevant exchanges rates, and its corresponding impact on profit and loss (net income from financial operations and net foreign exchange gain/loss) and equity (valuation accounts for financial instruments at FVTOCI). Exchange rate Change in scenario impacting Change in scenario impacting Change in scenario impacting % % % USD - CLP (0.0718 ) (0.0718 ) (0.0718 ) USD - COP (0.0717 ) (0.0717 ) (0.0717 ) Exchange rate scenarios Colombia The table below presents a sensitivity analysis for changes in the relevant exchanges rates, and its corresponding impact on profit and loss (net income from financial operations and exchange differences) and equity (valuation accounts for financial instruments at FVTOCI). Exchange rate Change in scenario impacting P&L Change in scenario impacting Change in scenario impacting % % % USD - COP (0.0466 ) (0.0466 ) (0.0466 ) |
Schedule of Trading Book Positions by Risk Factor | The following table presents the impact of movements or reasonably likely scenarios explained above applied to positions in the Trading Book that affect P&L (net income from financial operations, net foreign exchange gain/losses, and net interest margin as applicable) as of December 31, 2018, 2017 and 2016: Potential impact on P&L As of December 31, 2018 2017 2016 MCh$ MCh$ MCh$ CLP rate risk (5,019 ) (849 ) (2,812 ) Derivatives (5,018 ) (847 ) (2,604 ) Debt instruments (1 ) (2 ) (208 ) CLF rate risk (5,942 ) (7,839 ) (8,069 ) Derivatives (5,942 ) (7,839 ) (8,069 ) Debt instruments — — — COP rate risk (29,182 ) (14,895 ) (11,622 ) Derivatives (29,094 ) (9,909 ) (10,439 ) Debt instruments (88 ) (4,986 ) (1,183 ) UVR rate risk (375 ) — (404 ) Derivatives (364 ) — — Debt instruments (11 ) — (404 ) USD rate risk (2,810 ) (2,001 ) (2,658 ) Other currencies rate risk (42 ) (50 ) (9 ) Total rate risk (43,370 ) (25,634 ) (25,574 ) Exchange rate risk 150 (755 ) (1,921 ) Options risk 156 66 (87 ) Total impact (43,064 ) (26,323 ) (27,582 ) |
Schedule of Potential Impact on Accrual Book | The following table presents the impact on the net interest margin of movements or reasonably likely scenarios on positions in the Accrual Book for the years ended December 31, 2018, 2017 and 2016: Potential impact on Accrual Book For the years ended December 31, 2018 2017 2016 Interest rate shock sensitivity impact (12,359 ) (9,432 ) (7,906 ) |
Schedule of Potential Impact on Equity&Prices | In line with the effects on P&L of positions accounted for at fair value and amortized cost, the changes in market factors because of reasonably possible movements in interest and exchange rates also generate impacts on equity accounts as a result of the potential change in market value of the portfolio of investments at FVTOCI/ available-for-sale For the years ended December 31, 2018 2017 2016 DV01 (+1 bp) Impact of Change in Interest Rate DV01 (+1 bp) Impact of Change in DV01 (+1 bp) Impact of Change in Potential Impact on FVTOCI US$ MUS$ MCh$ US$ MUS$ MCh$ US$ MUS$ MCh$ CLP (254,636 ) (11.73 ) (8,180 ) (386,979 ) (37.01 ) (22,745 ) (293,337 ) (14.00 ) (9,211 ) CLF (177,471 ) (26.29 ) (18,328 ) (245,812 ) (47.62 ) (29,261 ) 41,167 (15.00 ) (10,029 ) COP (189,242 ) (5.74 ) (3,988 ) (225,321 ) (17.50 ) (10,766 ) (152,241 ) (8.00 ) (5,588 ) UVR (29,763 ) (0.55 ) (380 ) — — — — — — USD (33,769 ) (2.44 ) (1,701 ) (48,791 ) (2.77 ) (1,700 ) (77,927 ) (3.00 ) (2,094 ) Other — — — — — — (159 ) — (7 ) Total interest rate impact (684,881 ) (46.75 ) (32,577 ) (906,903 ) (105 ) (64,472 ) (482,497 ) (40 ) (26,929 ) Impact due to changes in prices As of December 31, 2018 As of December 31, 2017 Exchange rate ThUS$ MCh$ ThUS$ MCh$ USD (3.77 ) (2,624 ) (7.93 ) (4,875 ) COP (3.72 ) (2,494 ) (9.15 ) (5,621 ) Total risk exchange rate (7.49 ) (5,118 ) (17.08 ) (10,496 ) Total impact (7.49 ) (5,118 ) (122.08 ) (74,968 ) |
DisclosureOfPotentialImpactOnEquityAndImpactOfChangeInPricesExplanatory | According to local regulations, as of December 31, 2018 and 2017, the relation between assets and risk weighted assets is as follow: Consolidated assets Risk-weighted assets As of December 31, As of December 31, 2018 2017 2018 2017 MCh$ MCh$ MCh$ MCh$ Assets balance (net of allowances) Cash and deposits in banks 987,680 964,030 — — Cash items in process of collection 318,658 157,017 56,963 30,679 Trading securities 86,938 415,061 27,658 64,799 Investments under resale agreements 109,467 28,524 106,916 7,277 Financial derivative contract (*) 1,315,165 1,461,326 1,040,274 1,094,481 Interbank loans 341,244 70,077 95,612 36,073 Loans and accounts receivable from customers 20,880,186 19,767,434 18,808,886 17,850,495 Available for sale investments 2,650,776 2,653,066 551,593 501,656 Held to maturity investments 198,910 202,030 198,910 202,030 Investments in companies 10,555 10,412 10,555 10,412 Intangible 1,613,807 1,605,234 435,572 435,991 Fixed assets 95,564 130,579 95,564 130,579 Current taxes 123,129 238,452 12,313 23,845 Deferred taxes 154,599 161,109 15,460 16,111 Other assets 561,435 444,692 505,495 427,567 Off-balance Contingent loans 2,333,398 2,199,660 1,400,038 1,319,796 Totals 31,781,511 30,508,703 23,361,809 22,151,791 (*) Items presented at their Equivalent Credit Risk value, in accordance with the provisions of Chapter 12-1 |
Schedule of Basic and Regulatory Capital | Amount Ratio As of December 31, As of December 31, 2018 2017 2018 2017 MCh$ MCh$ % % Basic capital 3,324,531 3,189,876 (a ) 10.46 10.46 (c ) Effective equity 3,415,845 3,249,572 (b ) 14.62 14.67 (d ) (a) Basic Capital Corresponds to the net amount that must be shown in the Consolidated Financial Statements filed with the SBIF under the line item “Equity attributable to equity holders” as indicated in the Compendium of Accounting Standards. (b) Based on the consolidated financial statements filed with SBIF, the effective net equity of a bank is the sum of (i) a bank’s basic capital, (ii) subordinated bonds issued by a bank valued at their placement price up to 50% of its net capital base; provided that the value of the bonds shall decrease 20% for each year that lapses during the period commencing six years prior to their maturity and (iii) voluntary loan loss allowances in an amount up to 1.25% of a bank’s risk-weighted assets (if a bank has goodwill, this value would be required to be deducted from the calculation of the effective net equity). The calculation of the effective net equity does not include the capital contributions made to subsidiaries of a bank and is made on a consolidated basis rather than on an unconsolidated basis. (c) Consolidated basic capital ratio corresponding to basic capital divided by total assets for capital purposes (includes items outside the Consolidated Financial Statements). (d) Consolidated solvency ratio corresponds to the ratio of effective equity to weighted assets. |
Maturity of assets and liabil_2
Maturity of assets and liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Schedule of Maturity of Financial Assets and Liabilities | The main assets Banked by maturity, including interest accrued as of December 31, 2018 and 2017, are detailed as follows: As of December 31, 2018 Up to 1 Between 1 Between 3 Between 1 Between 3 Over 6 Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Assets Financial instruments at fair value through profit or loss 46,266 470 19,002 22,027 4,573 4,605 96,943 Financial instruments at fair value through other comprehensive income 151,521 103,048 582,899 1,314,188 330,485 175,013 2,657,154 Loans and accounts receivable from customers at amortized cost (**) 1,595,651 2,343,263 2,115,285 2,322,459 3,464,140 9,641,692 21,482,490 Commercial loans 1,391,707 1,876,174 2,023,542 1,734,720 2,238,373 5,102,384 14,366,900 Mortgages loans 2,544 1,021 3,876 18,192 103,965 4,316,229 4,445,827 Consumer loans 201,400 466,068 87,867 569,547 1,121,802 223,079 2,669,763 Financial instruments at amortized cost 27,012 18,238 153,673 — — — 198,923 Investments under resale agreements 109,467 — — — — — 109,467 Financial derivative contracts 120,361 102,992 178,826 263,595 279,427 423,756 1,368,957 Interbank loans (*) 65,398 16,685 17,437 242,187 — — 341,707 Liabilities Investments under resale agreements 1,015,614 — — — — — 1,015,614 Deposits and other demand liabilities 3,624,335 2,311,111 2,910,851 762,998 102,155 409,661 10,121,111 Financial derivative contracts 128,367 95,019 161,214 200,052 248,765 279,389 1,112,806 Interbank borrowings 231,419 446,436 1,151,959 337,465 100,455 59,989 2,327,723 Debt instruments issued 2,449 23,261 668,648 868,994 1,125,037 3,321,735 6,010,124 (*) Interbank loans are presented gross. The amount of allowances corresponds to MCh$463. (**) Loans and accounts receivable from customers at amortized cost are presented gross. Allowances by loan type are detailed as follows: Commercial MCh$484,707, Mortgage MCh$66,117 and Consumer MCh$217,296. As of December 31, 2017 Up to 1 Between 1 Between 3 Between 1 Between 3 Over 6 Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Assets Trading investments 18,941 298 170,098 189,735 9,365 26,624 415,061 Investments under agreements to resell 27,923 601 — — — — 28,524 Derivative financial instruments 112,249 102,009 199,966 260,818 284,247 289,486 1,248,775 Interbank loans (*) 43,096 — 16,621 10,568 — — 70,285 Loans and accounts receivable (**) 1,531,883 1,649,448 2,689,484 4,174,173 2,952,407 7,385,210 20,382,605 Commercial loans 1,226,214 1,494,950 2,513,004 2,410,168 1,917,111 4,155,099 13,716,546 Mortgages loans 35,428 66,596 98,292 649,867 446,737 2,855,833 4,152,753 Consumer loans 270,241 87,902 78,188 1,114,138 588,559 374,278 2,513,306 Available for sale instruments 86,201 155,376 408,093 790,503 805,892 417,413 2,663,478 Held to maturity investments 55,554 6,171 113,445 23,466 430 2,964 202,030 Liabilities Investments under repurchase agreements 420,320 600 — — — — 420,920 Deposits and other demand liabilities 2,957,278 1,858,394 3,936,827 793,684 118,388 372,262 10,036,833 Financial derivative contracts 144,639 90,445 172,606 250,792 241,810 194,862 1,095,154 Interbank borrowings 163,031 238,151 1,074,406 529,171 104,443 86,928 2,196,130 Debt instruments issued 3,064 46,514 625,287 1,209,242 812,979 3,252,952 5,950,038 (*) Interbank loans are presented gross. The amount of allowances corresponds to MCh$208 (**) Loans and accounts receivable are presented gross. Allowances by loan type are detailed as follows: Commercial MCh$446,914, Mortgage MCh$35,019 and Consumer MCh$136,594. |
Foreign currency position (Tabl
Foreign currency position (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Schedule assets and liabilities in local and foreign currency, readjustable by variation of exchange rate | In the Consolidated Statements of Financial Position as of December 31, 2018 and 2017, assets and liabilities are included in local and foreign currency, as well as adjustable by the variation of the exchange rate, for the amounts indicated below: As of December 31, 2018 Note CLP (*) UF USD COP EUR Others Readjustment Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Cash and deposits in banks 5a ) 223,099 — 449,437 299,458 15,686 — — 987,680 Cash items in process of collection 5b ) 195,640 — 119,725 226 2,861 206 — 318,658 Financial instruments at fair value through profit or loss 6 54,162 — — 42,781 — — — 96,943 Financial instruments at fair value through other comprehensive income 11 835,543 680,505 78,908 1,062,198 — — — 2,657,154 Loans and accounts receivable at amortized cost 10 5,571,537 7,785,104 3,208,848 4,120,535 19,391 13 8,942 20,714,370 Financial instruments at amortized cost 11 — — 122,391 76,532 — — — 198,923 Investments under resale agreements 7 91,510 — — 17,957 — — — 109,467 Financial derivative contracts 8 972,693 66,989 226,561 102,709 5 — — 1,368,957 Interbank loans, net 9 239,963 — 70,823 30,458 — — — 341,244 Intangible assets 12 1,389,518 — 1,308 180,138 — — — 1,570,964 Property, plant, and equipment 13 77,639 — 846 17,079 — — — 95,564 Current taxes 14 68,094 — 2,887 52,148 — — — 123,129 Deferred taxes 14 130,883 — 20,311 27,492 — — — 178,686 Other assets 15 200,164 7,787 164,724 121,619 7,467 36 — 501,797 Other non-current 16 59,802 — — — — — 59,802 TOTAL ASSETS 10,110,247 8,540,385 4,466,769 6,151,330 45,410 255 8,942 29,323,338 Deposits and other demand liabilities 16 2,058,537 4,214 444,668 1,785,581 7,418 57 — 4,300,475 Cash in process of being cleared 5b ) 133,926 — 112,284 — 796 159 — 247,165 Obligations under repurchase agreements 7 363,789 — 6,834 644,991 — — — 1,015,614 Time deposits and other time liabilities 16 6,513,874 609,136 1,955,631 1,042,445 25 — — 10,121,111 Financial derivative contracts 8 773,186 83,339 178,869 76,207 1,205 — — 1,112,806 Interbank borrowings 17 — 5,863 2,279,817 39,859 2,170 14 — 2,327,723 Debt instruments issued 18 439,805 4,475,832 649,897 444,590 — — — 6,010,124 Other financial liabilities 18 12,390 10 — — — — — 12,400 Current taxes 14 528 — — 663 — — — 1,191 Deferred taxes 14 — — 454 17 — — — 471 Provisions 19 140,925 — — 73,978 — — — 214,903 Other liabilities 20 239,175 133,106 69,900 49,508 2,509 — 27,597 521,795 Liabilities directly associated with non-current 20 — TOTAL LIABILITIES 10,676,135 5,311,500 5,698,354 4,157,839 14,123 230 27,597 25,885,778 Assets (liabilities) net (565,888 ) 3,228,885 (1,231,585 ) 1,993,491 31,287 25 (18,655 ) 3,437,560 (*) Includes transactions denominated in foreign currencies but that are settled in pesos. As of December 31, 2017 Note CLP (*) UF USD COP EUR Others Adjustable Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Cash and deposits in banks 5a ) 221,037 — 377,014 354,751 10,340 888 — 964,030 Cash items in process of collection 5b ) 124,414 — 22,202 1,067 9,286 48 — 157,017 Trading investments 6 25,652 — — 389,409 — — — 415,061 Investments under resale agreements 7 2,074 — 218 26,232 — — — 28,524 Financial derivative contracts 8 967,831 70,174 119,997 90,773 — — — 1,248,775 Interbank loans, net 9 33,928 — 35,287 862 — — — 70,077 Loans and accounts receivable from customers, net 10 5,652,307 7,693,789 2,204,036 4,207,288 — — 6,658 19,764,078 Available for sale instruments 11 914,656 999,540 14,053 725,569 — — 9,660 2,663,478 Held to maturity investments 11 — — 95,652 106,378 — — — 202,030 Intangible assets 12 1,370,857 — 1,422 190,375 — — — 1,562,654 Property, plant, and equipment 13 81,438 — 1,043 48,098 — — — 130,579 Current taxes 14 202,093 — — 36,359 — — — 238,452 Deferred taxes 14 115,800 — 24,885 — — — — 140,685 Other assets 15 239,308 12,843 95,807 80,308 677 82 — 429,025 Other non-current 15 18,308 — — — — — — 18,308 TOTAL ASSETS 9,969,703 8,776,346 2,991,616 6,257,469 20,303 1,018 16,318 28,032,773 Deposits and other demand liabilities 16 1,952,975 7,803 432,253 1,742,508 6,076 52 — 4,141,667 Cash in process of being cleared 5b ) 56,399 — 53,097 — — — — 109,496 Obligations under repurchase agreements 7 44,264 — — 376,656 — — — 420,920 Time deposits and other time liabilities 16 6,034,571 814,336 1,013,235 2,196,671 6,429 — 1 10,065,243 Financial derivative contracts 8 869,263 84,530 82,231 59,130 — — — 1,095,154 Interbank borrowings 17 (1,257 ) 21,958 1,516,717 650,987 2,269 5,456 — 2,196,130 Debt instruments issued 18 1,179,526 3,381,318 923,718 465,476 — — — 5,950,038 Other financial liabilities 18 16,255 — — 811 — — — 17,066 Current taxes 14 624 — — — — — — 624 Deferred taxes 14 52 — — 26,302 — — — 26,354 Provisions 19 26,109 — 25,772 66,008 — — — 117,889 Other liabilities 20 145,599 166,866 86,648 63,675 — — 647 463,435 Liabilities directly associated with non-current 20 — — — — — — — — TOTAL LIABILITIES 10,324,380 4,476,811 4,133,671 5,648,224 14,774 5,508 648 24,604,016 Assets (liabilities) net (354,677 ) 4,299,535 (1,142,055 ) 609,245 5,529 (4,490 ) 15,670 3,428,757 (*) Includes transactions denominated in foreign currencies but that are settled in pesos. |
Consolidated Statements of Ca_2
Consolidated Statements of Cash Flows (Detail) $ in Millions | 12 Months Ended |
Dec. 31, 2018CLP ($) | |
Statement [LineItems] | |
Debt instruments issued openning balance | $ 5,950,038 |
Cash flows received | 484,754 |
Cash flows payments | (911,047) |
Other changes different of cash acquisition | 0 |
Other changes different of cash interest | 322,252 |
Other changes different of cash currency movement | 164,127 |
Other changes different of cash Changes in fair value | 0 |
Debt instruments issued ending balance | 6,010,124 |
Dividends paid | (22,979) |
Capital increase | 0 |
Subtotal cash flows from financing activities - Cash flows received | 484,754 |
Subtotal cash flows from financing activities - Cash flows payments | (934,026) |
Total cash flows from financing activities (net) | (449,272) |
Mortgage finance bonds [member] | |
Statement [LineItems] | |
Debt instruments issued openning balance | 67,938 |
Cash flows payments | (17,438) |
Other changes different of cash acquisition | 0 |
Other changes different of cash interest | 2,963 |
Other changes different of cash Changes in fair value | 0 |
Debt instruments issued ending balance | 53,463 |
Bonds (senior and subordinated) [member] | |
Statement [LineItems] | |
Debt instruments issued openning balance | 5,882,100 |
Cash flows received | 484,754 |
Cash flows payments | (893,609) |
Other changes different of cash acquisition | 0 |
Other changes different of cash interest | 319,289 |
Other changes different of cash currency movement | 164,127 |
Other changes different of cash Changes in fair value | 0 |
Debt instruments issued ending balance | $ 5,956,661 |
General Information and Summa_4
General Information and Summary of Significant Accounting Policies - Additional Information (Detail) $ in Millions, $ in Millions | Jan. 01, 2019 | Mar. 27, 2018 | Dec. 31, 2018CLP ($) | Dec. 31, 2017CLP ($) | Dec. 31, 2016CLP ($) | Dec. 31, 2018USD ($) | Dec. 30, 2015CLP ($) |
Disclosure of detailed information about business combination [line items] | |||||||
Assets | $ 29,323,338 | $ 28,032,773 | |||||
Equity | 3,437,560 | 3,428,757 | $ 3,423,712 | $ 791,441 | |||
Balance offsetting | 0 | 0 | |||||
Derivative credit valuation adjustment | 38,821 | 53,398 | 51,997 | ||||
Derivative debit valuation adjustment | $ 340 | $ 1,369 | $ 1,247 | ||||
Bank provision, profits | 30.00% | 30.00% | |||||
Percentage of dividend on profit | 40.00% | 30.00% | 40.00% | 30.00% | |||
Adoption Of IFRS 16 [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Liability for lease contract | $ 176,795 | ||||||
Impact of adoption of new standards | The Bank's management evaluated the impact of the adoption of this new standard through the valuation of its lease agreements, recording an asset for right-of-usefor an amount equal to the lease liability for an amount of MCh$176,795, which will generate a negative impact on the solvency indicator of 11 basis points going from 14.62% to 14.53% on January 1, 2019. | ||||||
Percentage of lease valuation solvency indicator | 14.62% | ||||||
Expected impact of initial application of new standards [member] | Adoption Of IFRS 16 [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Percentage of lease valuation solvency indicator | 14.53% | ||||||
Lifetime expected credit losses [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Recorded allowance for lifetime expected credit losses | 100.00% | 100.00% | |||||
USD [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Assets | $ 2,991,616 | $ 42,208 | |||||
Equity | $ 4,634 | ||||||
Closing foreign exchange rate | 694.73 | 614.48 | 669.81 | 694.73 | |||
COP [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Assets | $ 6,257,469 | ||||||
Closing foreign exchange rate | 0.2139 | 0.2058 | 0.2231 | 0.2139 | |||
CLP [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Assets | $ 29,323,338 | $ 9,969,703 | |||||
Equity | $ 3,219,478 | ||||||
Itau Unibanco [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Percentage of voting equity interests acquired | 38.14% | 38.14% | |||||
Saieh Family [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Percentage of voting equity interests acquired | 28.57% | 28.57% | |||||
Non controlling shareholders [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Percentage of voting equity interests acquired | 33.29% | 33.29% |
General Information and Summa_5
General Information and Summary of Significant Accounting Policies - Schedule of exercise control (Detail) | Jul. 04, 2018 | Dec. 31, 2018 | Dec. 31, 2017 |
Itau Corredores de Bolsa Limitada [member] | |||
Disclosure of subsidiaries [line items] | |||
Subsidiaries | Itaú Corredores de Bolsa Limitada (ex-CorpBanca Corredores de Bolsa S.A.) | ||
Country | Chile | ||
Functional currency | $ | ||
Direct interest owned | 99.99% | 99.99% | |
Indirect interest owned | 0.01% | 0.01% | |
Total interest owned | 100.00% | 100.00% | |
Itau Chile Administradora General de Fondos S.A. [member] | |||
Disclosure of subsidiaries [line items] | |||
Subsidiaries | Itaú Administradora General de Fondos S.A. (ex-Itaú Chile Administradora General de Fondos S.A.) | ||
Country | Chile | ||
Functional currency | $ | ||
Direct interest owned | 99.994% | 99.988% | |
Indirect interest owned | 0.006% | 0.006% | |
Total interest owned | 100.00% | 99.994% | |
Corp Banca Administradora General de Fondos S.A. [member] | |||
Disclosure of subsidiaries [line items] | |||
Subsidiaries | CorpBanca Administradora General de Fondos S.A. | ||
Country | Chile | ||
Functional currency | $ | ||
Itau Corredores de Seguros S.A [member] | |||
Disclosure of subsidiaries [line items] | |||
Subsidiaries | Itaú Corredores de Seguros S.A. (ex-Corpbanca Corredores de Seguros S.A) | ||
Country | Chile | ||
Functional currency | $ | ||
Direct interest owned | 99.90% | 99.99% | |
Indirect interest owned | 0.10% | 0.01% | |
Total interest owned | 100.00% | 100.00% | |
Itau Chile Corredora de Seguros Ltda [member] | |||
Disclosure of subsidiaries [line items] | |||
Subsidiaries | Itaú Chile Corredora de Seguro Ltda. | ||
Country | Chile | ||
Functional currency | $ | ||
Direct interest owned | 99.90% | ||
Indirect interest owned | 0.10% | ||
Total interest owned | 100.00% | ||
Itau Asesorias Financieras S.A. [member] | |||
Disclosure of subsidiaries [line items] | |||
Subsidiaries | Itaú Asesorías Financieras S.A. (2) | ||
Country | Chile | ||
Functional currency | $ | ||
Direct interest owned | 99.99% | 99.99% | |
Indirect interest owned | 0.01% | 0.01% | |
Total interest owned | 100.00% | 100.00% | 100.00% |
CorpLegal S.A. [member] | |||
Disclosure of subsidiaries [line items] | |||
Subsidiaries | CorpLegal S.A. | ||
Country | Chile | ||
Functional currency | $ | ||
Direct interest owned | 99.99% | 99.99% | |
Indirect interest owned | 0.01% | 0.01% | |
Total interest owned | 100.00% | 100.00% | |
Recaudaciones y Cobranzas Limitada [member] | |||
Disclosure of subsidiaries [line items] | |||
Subsidiaries | Recaudaciones y Cobranzas Limitada (Ex- Itaú Corpbanca Recaudaciones y Cobranzas S.A.) | ||
Country | Chile | ||
Functional currency | $ | ||
Direct interest owned | 99.999% | 99.999% | |
Indirect interest owned | 0.001% | 0.001% | |
Total interest owned | 100.00% | 100.00% | |
Itau Corpbanca New York Branch [member] | |||
Disclosure of subsidiaries [line items] | |||
Subsidiaries | Itaú Corpbanca New York Branch | ||
Country | USA | ||
Functional currency | US$ | ||
Direct interest owned | 100.00% | 100.00% | |
Total interest owned | 100.00% | 100.00% | |
Corpbanca Securities Inc [member] | |||
Disclosure of subsidiaries [line items] | |||
Subsidiaries | Corpbanca Securities Inc | ||
Country | USA | ||
Functional currency | US$ | ||
Banco CorpBanca Colombia S.A [member] | |||
Disclosure of subsidiaries [line items] | |||
Subsidiaries | Itaú Corpbanca Colombia S.A. (Ex-Banco CorpBanca Colombia S.A.) | ||
Country | Colombia | ||
Functional currency | COP$ | ||
Direct interest owned | 66.279% | 66.279% | |
Total interest owned | 66.279% | 66.279% | |
Helm Corredor de Seguros S.A. [member] | |||
Disclosure of subsidiaries [line items] | |||
Subsidiaries | Itaú Corredor de Seguro Colombia S.A. (Ex-Helm Corredor de Seguros S.A) | ||
Country | Colombia | ||
Functional currency | COP$ | ||
Direct interest owned | 80.00% | 80.00% | |
Total interest owned | 80.00% | 80.00% | |
Itau Securities Services Colombia S.A. Sociedad Fiduciaria [member] | |||
Disclosure of subsidiaries [line items] | |||
Subsidiaries | Itaú Securities Services Colombia S.A. Sociedad Fiduciaria (Ex-CorpBanca Investment Trust Colombia S.A.) | ||
Country | Colombia | ||
Functional currency | COP$ | ||
Direct interest owned | 5.499% | 5.499% | |
Indirect interest owned | 62.634% | 62.634% | |
Total interest owned | 68.133% | 68.133% | |
Helm Comisionista de Bolsa S.A. [member] | |||
Disclosure of subsidiaries [line items] | |||
Subsidiaries | Itaú Comisionista de Bolsa Colombia S.A (Ex-Helm Comisionista de Bolsa S.A.) | ||
Country | Colombia | ||
Functional currency | COP$ | ||
Direct interest owned | 2.219% | 2.219% | |
Indirect interest owned | 64.807% | 64.807% | |
Total interest owned | 67.026% | 67.026% | |
Helm Fiduciaria S.A. [member] | |||
Disclosure of subsidiaries [line items] | |||
Subsidiaries | Itaú Asset Management Colombia S.A. Sociedad Fiduciaria (Ex-Helm Fiduciaria S.A) | ||
Country | Colombia | ||
Functional currency | COP$ | ||
Indirect interest owned | 66.266% | 66.266% | |
Total interest owned | 66.266% | 66.266% | |
Helm Bank Panama S.A. [member] | |||
Disclosure of subsidiaries [line items] | |||
Subsidiaries | Itaú (Panamá) S.A. (Ex-Helm Bank (Panamá) S.A.) | ||
Country | Panama | ||
Functional currency | US$ | ||
Indirect interest owned | 66.279% | 66.279% | |
Total interest owned | 66.279% | 66.279% | |
Helm Casa de Valores Panama S.A. [member] | |||
Disclosure of subsidiaries [line items] | |||
Subsidiaries | Itaú Casa de Valores S.A (ex-Helm Casa de Valores (Panama) S.A.) | ||
Country | Panama | ||
Functional currency | US$ | ||
Indirect interest owned | 66.279% | 66.279% | |
Total interest owned | 66.279% | 66.279% |
General Information and Summa_6
General Information and Summary of Significant Accounting Policies - Schedule of exercise control (Parenthetical) (Detail) - shares | Dec. 10, 2018 | Sep. 10, 2018 | Jul. 04, 2018 | Dec. 31, 2018 | Dec. 31, 2017 |
Itau Asesorias Financieras S.A. [member] | |||||
Disclosure of subsidiaries [line items] | |||||
Number of shares acquired | 2 | ||||
Interest owned | 100.00% | 100.00% | 100.00% | ||
Itau Corpbanca [member] | |||||
Disclosure of subsidiaries [line items] | |||||
Number of shares acquired | 1 | 127,901 | |||
Interest owned | 100.00% | 100.00% |
General Information and Summa_7
General Information and Summary of Significant Accounting Policies - Schedule of Loans and Account Receivable Charge-Offs overdue and current installments (Detail) - Loans and Receivables Category [Member] | 12 Months Ended |
Dec. 31, 2018 | |
Consumer loans [member] | |
Disclosure of subsidiaries [line items] | |
Loan overdue term | 6 months |
Others operations without guaranties [member] | |
Disclosure of subsidiaries [line items] | |
Loan overdue term | 24 months |
Commercial loans with guaranties [member] | |
Disclosure of subsidiaries [line items] | |
Loan overdue term | 36 months |
Mortgages loans [member] | |
Disclosure of subsidiaries [line items] | |
Loan overdue term | 48 months |
Consumer leasing [member] | |
Disclosure of subsidiaries [line items] | |
Loan overdue term | 6 months |
Other non-mortgage leasing transactions [member] | |
Disclosure of subsidiaries [line items] | |
Loan overdue term | 12 months |
Mortgage leasing [member] | |
Disclosure of subsidiaries [line items] | |
Loan overdue term | 36 months |
Accounting Changes - Summary of
Accounting Changes - Summary of Classification and Measurement of Financial Instrument (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Disclosure of initial application of standards or interpretations [line items] | |||
Financial instruments at fair value through profit or loss | $ 96,943 | ||
Financial assets classified as held to maturity | $ 202,030 | ||
Financial instruments at fair value through other comprehensive income | 2,657,154 | ||
Loans and accounts receivable from customers, net of allowances for loan losses | 19,764,078 | ||
Interbank loans, net of allowances for loan losses | 341,244 | 70,077 | |
Financial instruments classified as trading investments | 415,061 | ||
Financial assets available for sale | 2,663,478 | ||
IAS 39 [member] | |||
Disclosure of initial application of standards or interpretations [line items] | |||
Financial assets classified as held to maturity | 202,030 | ||
Loans and accounts receivable from customers, net of allowances for loan losses | 19,764,078 | ||
Interbank loans, net of allowances for loan losses | 70,077 | ||
Financial assets available for sale | 2,663,478 | ||
IAS 39 [member] | Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of initial application of standards or interpretations [line items] | |||
Financial instruments classified as trading investments | 415,061 | ||
Financial assets available for sale | 2,663,478 | ||
IAS 39 [member] | Financial assets at amortised cost [member] | |||
Disclosure of initial application of standards or interpretations [line items] | |||
Financial assets classified as held to maturity | 202,030 | ||
Loans and accounts receivable from customers, net of allowances for loan losses | 19,764,078 | ||
Interbank loans, net of allowances for loan losses | 70,077 | ||
IFRS9 [member] | |||
Disclosure of initial application of standards or interpretations [line items] | |||
Financial instruments at fair value through profit or loss | $ 15,741 | $ 423,855 | |
Financial instruments at fair value through other comprehensive income | 2,658,739 | ||
Loans and accounts receivable from customers, net of allowances for loan losses | $ 804,118 | ||
IFRS9 [member] | Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of initial application of standards or interpretations [line items] | |||
Financial instruments at fair value through profit or loss | 423,855 | ||
IFRS9 [member] | Financial assets at amortised cost [member] | |||
Disclosure of initial application of standards or interpretations [line items] | |||
Financial instruments at fair value through profit or loss | 201,993 | ||
Financial instruments at fair value through other comprehensive income | 19,642,032 | ||
Interbank loans, net of allowances for loan losses | 70,077 | ||
IFRS9 [member] | Financial assets at fair value through other comprehensive income [member] | |||
Disclosure of initial application of standards or interpretations [line items] | |||
Financial instruments at fair value through other comprehensive income | $ 2,658,739 |
Accounting Changes - Summary _2
Accounting Changes - Summary of Reconciliation the Consolidated Balance Sheets under IAS39 to IFRS9 (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 30, 2015 |
ASSETS | |||||
Cash and deposits in banks | $ 987,680 | $ 964,030 | |||
Cash items in process of collection | 318,658 | 157,017 | |||
Financial instruments at fair value through profit or loss | 96,943 | ||||
Financial instruments at fair value through other comprehensive income | 2,657,154 | ||||
Interbank loans at amortized cost | 341,244 | ||||
Loans and accounts receivable from customers at amortized cost | 20,714,370 | ||||
Financial instruments at amortized cost | 198,923 | ||||
Investments under resale agreements | 109,467 | 28,524 | |||
Financial derivative contracts | 1,368,957 | 1,248,775 | |||
Interbank loans, net | 341,244 | 70,077 | |||
Trading investments | 415,061 | ||||
Loans and accounts receivable from customers, net | 19,764,078 | ||||
Available for sale investments | 2,663,478 | ||||
Held to maturity investments | 202,030 | ||||
Intangible assets | 1,570,964 | 1,562,654 | |||
Property, plant, and equipment | 95,564 | 130,579 | $ 121,043 | ||
Current taxes | 123,129 | 238,452 | |||
Deferred taxes | 178,686 | 140,685 | |||
Other assets | 501,797 | 429,025 | |||
Other non-current assets held for sale | 59,802 | 18,308 | |||
TOTAL ASSETS | 29,323,338 | 28,032,773 | |||
LIABILITIES | |||||
Deposits and other demand liabilities | 4,300,475 | 4,141,667 | |||
Cash in process of being cleared | 247,165 | 109,496 | |||
Obligations under repurchase agreements | 1,015,614 | 420,920 | |||
Time deposits and other time liabilities | 10,121,111 | 10,065,243 | |||
Financial derivative contracts | 1,112,806 | 1,095,154 | |||
Interbank borrowings | 2,327,723 | 2,196,130 | |||
Debt instruments issued | 6,010,124 | 5,950,038 | |||
Other financial liabilities | 12,400 | 17,066 | |||
Current taxes | 1,191 | 624 | |||
Deferred taxes | 471 | 26,354 | |||
Provisions | 214,903 | 117,889 | 100,048 | ||
Other liabilities | 521,795 | 463,435 | |||
Liabilities directly associated with non-current assets held for sale | 0 | 0 | |||
TOTAL LIABILITIES | 25,885,778 | 24,604,016 | |||
Attributable to equity holders of the Bank: | |||||
Capital | 1,862,826 | 1,862,826 | |||
Reserves | 1,290,131 | 1,290,131 | |||
Retained earnings: | 50,362 | 63,255 | |||
Net income for the year | 171,331 | 67,821 | |||
Less: Provision for mandatory dividends | (51,614) | (17,234) | |||
Total equity attributable to equity holders of the Bank | 3,219,478 | 3,211,477 | |||
Non-controllinginterest | 218,082 | 217,280 | 238,969 | $ 59 | |
TOTAL EQUITY | 3,437,560 | 3,428,757 | $ 3,423,712 | $ 791,441 | |
TOTAL LIABILITIES AND EQUITY | 29,323,338 | 28,032,773 | |||
IAS 39 [member] | |||||
ASSETS | |||||
Cash and deposits in banks | 964,030 | ||||
Cash items in process of collection | 157,017 | ||||
Investments under resale agreements | 28,524 | ||||
Financial derivative contracts | 1,248,775 | ||||
Interbank loans, net | 70,077 | ||||
Trading investments | 415,061 | ||||
Loans and accounts receivable from customers, net | 19,764,078 | ||||
Available for sale investments | 2,663,478 | ||||
Held to maturity investments | 202,030 | ||||
Intangible assets | 1,562,654 | ||||
Property, plant, and equipment | 130,579 | ||||
Current taxes | 238,452 | ||||
Deferred taxes | 140,685 | ||||
Other assets | 429,025 | ||||
Other non-current assets held for sale | 18,308 | ||||
TOTAL ASSETS | 28,032,773 | ||||
LIABILITIES | |||||
Deposits and other demand liabilities | 4,141,667 | ||||
Cash in process of being cleared | 109,496 | ||||
Obligations under repurchase agreements | 420,920 | ||||
Time deposits and other time liabilities | 10,065,243 | ||||
Financial derivative contracts | 1,095,154 | ||||
Interbank borrowings | 2,196,130 | ||||
Debt instruments issued | 5,950,038 | ||||
Other financial liabilities | 17,066 | ||||
Current taxes | 624 | ||||
Deferred taxes | 26,354 | ||||
Provisions | 117,889 | ||||
Other liabilities | 463,435 | ||||
Liabilities directly associated with non-current assets held for sale | 0 | ||||
TOTAL LIABILITIES | 24,604,016 | ||||
Attributable to equity holders of the Bank: | |||||
Capital | 1,862,826 | ||||
Reserves | 1,290,131 | ||||
Valuation accounts | (4,735) | ||||
Retained earnings: | 63,255 | ||||
Retained earnings from prior years | 12,668 | ||||
Net income for the year | 67,821 | ||||
Less: Provision for mandatory dividends | (17,234) | ||||
Total equity attributable to equity holders of the Bank | 3,211,477 | ||||
Non-controllinginterest | 217,280 | ||||
TOTAL EQUITY | 3,428,757 | ||||
TOTAL LIABILITIES AND EQUITY | 28,032,773 | ||||
Reclassification [member] | |||||
ASSETS | |||||
Financial instruments at fair value through profit or loss | $ 421,331 | ||||
Financial instruments at fair value through other comprehensive income | 2,657,208 | ||||
Interbank loans at amortized cost | 70,077 | ||||
Loans and accounts receivable from customers at amortized cost | 19,764,078 | ||||
Financial instruments at amortized cost | 202,030 | ||||
Interbank loans, net | (70,077) | ||||
Trading investments | (415,061) | ||||
Loans and accounts receivable from customers, net | (19,764,078) | ||||
Available for sale investments | (2,663,478) | ||||
Held to maturity investments | (202,030) | ||||
LIABILITIES | |||||
Liabilities directly associated with non-current assets held for sale | 0 | ||||
Increase decrease in remeasurement [member] | |||||
ASSETS | |||||
Financial instruments at fair value through profit or loss | 2,524 | ||||
Financial instruments at fair value through other comprehensive income | 1,531 | ||||
Loans and accounts receivable from customers at amortized cost | (122,046) | ||||
Financial instruments at amortized cost | (37) | ||||
Deferred taxes | 46,144 | ||||
TOTAL ASSETS | (71,884) | ||||
LIABILITIES | |||||
Deferred taxes | (2,550) | ||||
Provisions | 59,691 | ||||
Liabilities directly associated with non-current assets held for sale | 0 | ||||
TOTAL LIABILITIES | 57,141 | ||||
Attributable to equity holders of the Bank: | |||||
Valuation accounts | 997 | ||||
Retained earnings: | (126,865) | ||||
Retained earnings from prior years | (59,044) | ||||
Net income for the year | (67,821) | ||||
Total equity attributable to equity holders of the Bank | (125,868) | ||||
Non-controllinginterest | (3,157) | ||||
TOTAL EQUITY | (129,025) | ||||
TOTAL LIABILITIES AND EQUITY | (71,884) | ||||
IFRS9 [member] | |||||
ASSETS | |||||
Cash and deposits in banks | 964,030 | ||||
Cash items in process of collection | 157,017 | ||||
Financial instruments at fair value through profit or loss | $ 15,741 | 423,855 | |||
Financial instruments at fair value through other comprehensive income | 2,658,739 | ||||
Interbank loans at amortized cost | 70,077 | ||||
Loans and accounts receivable from customers at amortized cost | 19,642,032 | ||||
Financial instruments at amortized cost | 201,993 | ||||
Investments under resale agreements | 28,524 | ||||
Financial derivative contracts | 1,248,775 | ||||
Loans and accounts receivable from customers, net | $ 804,118 | ||||
Intangible assets | 1,562,654 | ||||
Property, plant, and equipment | 130,579 | ||||
Current taxes | 238,452 | ||||
Deferred taxes | 186,829 | ||||
Other assets | 429,025 | ||||
Other non-current assets held for sale | 18,308 | ||||
TOTAL ASSETS | 27,960,889 | ||||
LIABILITIES | |||||
Deposits and other demand liabilities | 4,141,667 | ||||
Cash in process of being cleared | 109,496 | ||||
Obligations under repurchase agreements | 420,920 | ||||
Time deposits and other time liabilities | 10,065,243 | ||||
Financial derivative contracts | 1,095,154 | ||||
Interbank borrowings | 2,196,130 | ||||
Debt instruments issued | 5,950,038 | ||||
Other financial liabilities | 17,066 | ||||
Current taxes | 624 | ||||
Deferred taxes | 23,804 | ||||
Provisions | 177,580 | ||||
Other liabilities | 463,435 | ||||
Liabilities directly associated with non-current assets held for sale | 0 | ||||
TOTAL LIABILITIES | 24,661,157 | ||||
Attributable to equity holders of the Bank: | |||||
Capital | 1,862,826 | ||||
Reserves | 1,290,131 | ||||
Valuation accounts | (3,738) | ||||
Retained earnings: | (63,610) | ||||
Retained earnings from prior years | (46,376) | ||||
Less: Provision for mandatory dividends | (17,234) | ||||
Total equity attributable to equity holders of the Bank | 3,085,609 | ||||
Non-controllinginterest | 214,123 | ||||
TOTAL EQUITY | 3,299,732 | ||||
TOTAL LIABILITIES AND EQUITY | $ 27,960,889 |
Accounting Changes - Schedule o
Accounting Changes - Schedule of Loan Portfolio Classified as Loans and Accounts Receivable at Amortized Cost (Detail) $ in Millions | Jan. 01, 2018CLP ($) |
Disclosure of initial application of standards or interpretations [line items] | |
Beginning balance | $ 20,382,605 |
Restatement of the prior year | 0 |
Balances as of December 31, 2018 | 20,382,605 |
Individually Evaluated [Member] | |
Disclosure of initial application of standards or interpretations [line items] | |
Beginning balance | 506,756 |
Restatement of the prior year | 0 |
Balances as of December 31, 2018 | 506,756 |
Individually Evaluated [Member] | Financial Instrument Initial Recognition of Credit Impaired [Member] | 12-month expected credit losses [member] | |
Disclosure of initial application of standards or interpretations [line items] | |
Restatement of the prior year | 0 |
Individually Evaluated [Member] | Financial instruments not credit-impaired [member] | Lifetime expected credit losses [member] | |
Disclosure of initial application of standards or interpretations [line items] | |
Beginning balance | 432,862 |
Restatement of the prior year | 0 |
Balances as of December 31, 2018 | 432,862 |
Individually Evaluated [Member] | Financial instruments credit-impaired [member] | Lifetime expected credit losses [member] | |
Disclosure of initial application of standards or interpretations [line items] | |
Beginning balance | 73,894 |
Restatement of the prior year | 0 |
Balances as of December 31, 2018 | 73,894 |
Group [Member] | |
Disclosure of initial application of standards or interpretations [line items] | |
Beginning balance | 19,875,849 |
Restatement of the prior year | 0 |
Balances as of December 31, 2018 | 19,875,849 |
Group [Member] | Financial Instrument Initial Recognition of Credit Impaired [Member] | 12-month expected credit losses [member] | |
Disclosure of initial application of standards or interpretations [line items] | |
Beginning balance | 16,235,974 |
Restatement of the prior year | 0 |
Balances as of December 31, 2018 | 16,235,974 |
Group [Member] | Financial instruments not credit-impaired [member] | Lifetime expected credit losses [member] | |
Disclosure of initial application of standards or interpretations [line items] | |
Beginning balance | 2,892,547 |
Restatement of the prior year | 0 |
Balances as of December 31, 2018 | 2,892,547 |
Group [Member] | Financial instruments credit-impaired [member] | Lifetime expected credit losses [member] | |
Disclosure of initial application of standards or interpretations [line items] | |
Beginning balance | 747,328 |
Restatement of the prior year | 0 |
Balances as of December 31, 2018 | $ 747,328 |
Accounting Changes - Additional
Accounting Changes - Additional Information (Detail) - Retained earnings from previous periods [member] $ in Millions | 1 Months Ended |
Jun. 30, 2018CLP ($) | |
Disclosure of initial application of standards or interpretations [line items] | |
Loss on derivative contracts | $ 5,809 |
Gain on derivative contracts | $ 1,089 |
Significant Events - Additional
Significant Events - Additional Information (Detail) - CLP ($) $ / shares in Units, $ in Millions | Mar. 27, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Sep. 15, 2017 |
Disclosure of subsidiaries [line items] | |||||
Percentage of dividend on profit | 40.00% | 30.00% | 40.00% | 30.00% | |
Distribution of dividends | $ 22,979 | $ 22,979 | $ 618 | ||
Number of shares issued | 512,406,760,091 | ||||
Dividend per share (in dollars per share) | $ 0.04484469 | $ 0.04484469 | |||
CGB II SpA [member] | |||||
Disclosure of subsidiaries [line items] | |||||
Percentage of voting equity interests acquired | 100.00% | ||||
Itau Unibanco Holding S A [member] | |||||
Disclosure of subsidiaries [line items] | |||||
Number of shares acquired | 10,651,555,020 | ||||
Amount of shares acquired | $ 65,686 | ||||
Itau Unibanco Holding S A [member] | Bottom of Range [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Increase (decrease) in ownership interest | 36.06% | ||||
Itau Unibanco Holding S A [member] | Top of Range [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Increase (decrease) in ownership interest | 38.14% |
Reporting Segments - Schedule o
Reporting Segments - Schedule of Group Operates in Two Main Geographic Areas (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of geographical areas [line items] | |||
Interest income | $ 1,739,317 | $ 1,646,329 | $ 1,509,203 |
Interest expense | (851,654) | (863,347) | (870,028) |
Net interest income | 887,663 | 782,982 | 639,175 |
Chile [member] | |||
Disclosure of geographical areas [line items] | |||
Interest income | 1,208,481 | 1,067,124 | 1,013,951 |
Interest expense | (593,796) | (529,584) | (554,246) |
Net interest income | 614,685 | 537,540 | 459,705 |
Colombia [member] | |||
Disclosure of geographical areas [line items] | |||
Interest income | 530,836 | 579,205 | 495,252 |
Interest expense | (257,858) | (333,763) | (315,782) |
Net interest income | $ 272,978 | $ 245,442 | $ 179,470 |
Reporting Segments - Schedule_2
Reporting Segments - Schedule of Assets and Liabilities (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of geographical areas [line items] | |||
Cash and deposits in banks | $ 987,680 | $ 964,030 | |
Cash items in process of collection | 318,658 | 157,017 | |
Financial instruments at fair value through profit or loss | 96,943 | ||
Financial instruments at fair value through other comprehensive income | 2,657,154 | ||
Loans and accounts receivable at amortized cost and interbank loans | 21,055,614 | ||
Financial instruments at amortized cost | 198,923 | ||
Investments under resale agreements | 109,467 | 28,524 | |
Financial derivative contracts | 1,368,957 | 1,248,775 | |
Trading investments | 415,061 | ||
Loans and accounts receivable from customers, net and interbank loans | 19,834,155 | ||
Available for sale instruments | 2,663,478 | ||
Held to maturity investments | 202,030 | ||
Intangible assets | 1,570,964 | 1,562,654 | |
Property, plant, and equipment | 95,564 | 130,579 | $ 121,043 |
Current taxes | 123,129 | 238,452 | |
Deferred taxes | 178,686 | 140,685 | |
Other assets | 501,797 | 429,025 | |
Other non-current assets held for sale | 59,802 | 18,308 | |
TOTAL ASSETS | 29,323,338 | 28,032,773 | |
LIABILITIES | |||
Deposits and other demand liabilities | 4,300,475 | 4,141,667 | |
Cash in process of being cleared | 247,165 | 109,496 | |
Obligations under repurchase agreements | 1,015,614 | 420,920 | |
Time deposits and other time liabilities | 10,121,111 | 10,065,243 | |
Financial derivative contracts | 1,112,806 | 1,095,154 | |
Interbank borrowings | 2,327,723 | 2,196,130 | |
Debt instruments issued | 6,010,124 | 5,950,038 | |
Other financial liabilities | 12,400 | 17,066 | |
Current taxes | 1,191 | 624 | |
Deferred taxes | 471 | 26,354 | |
Provisions | 214,903 | 117,889 | |
Other liabilities | 521,795 | 463,435 | |
Liabilities directly associated with non-current assets held for sale | 0 | 0 | |
TOTAL LIABILITIES | 25,885,778 | 24,604,016 | |
Chile [member] | |||
Disclosure of geographical areas [line items] | |||
Cash and deposits in banks | 483,416 | 609,279 | |
Cash items in process of collection | 318,433 | 155,950 | |
Financial instruments at fair value through profit or loss | 54,162 | ||
Financial instruments at fair value through other comprehensive income | 1,594,955 | ||
Loans and accounts receivable at amortized cost and interbank loans | 16,616,358 | ||
Financial instruments at amortized cost | 122,385 | ||
Investments under resale agreements | 91,510 | 2,292 | |
Financial derivative contracts | 1,266,218 | 1,158,002 | |
Trading investments | 25,652 | ||
Loans and accounts receivable from customers, net and interbank loans | 15,599,269 | ||
Available for sale instruments | 1,937,909 | ||
Held to maturity investments | 95,652 | ||
Intangible assets | 1,432,529 | 1,378,942 | |
Property, plant, and equipment | 78,430 | 82,481 | |
Current taxes | 70,255 | 202,093 | |
Deferred taxes | 151,194 | 140,685 | |
Other assets | 378,691 | 348,717 | |
Other non-current assets held for sale | 59,802 | 18,308 | |
TOTAL ASSETS | 22,718,338 | 21,755,231 | |
LIABILITIES | |||
Deposits and other demand liabilities | 2,463,722 | 2,399,159 | |
Cash in process of being cleared | 247,165 | 109,496 | |
Obligations under repurchase agreements | 370,623 | 44,264 | |
Time deposits and other time liabilities | 8,104,729 | 7,868,572 | |
Financial derivative contracts | 1,035,394 | 1,036,024 | |
Interbank borrowings | 1,602,125 | 1,545,143 | |
Debt instruments issued | 5,445,000 | 5,484,562 | |
Other financial liabilities | 12,400 | 16,255 | |
Current taxes | 528 | 624 | |
Deferred taxes | 53 | ||
Provisions | 140,663 | 61,038 | |
Other liabilities | 471,672 | 399,760 | |
Liabilities directly associated with non-current assets held for sale | 0 | 0 | |
TOTAL LIABILITIES | 19,894,021 | 18,964,950 | |
Colombia [member] | |||
Disclosure of geographical areas [line items] | |||
Cash and deposits in banks | 504,264 | 354,751 | |
Cash items in process of collection | 225 | 1,067 | |
Financial instruments at fair value through profit or loss | 42,781 | ||
Financial instruments at fair value through other comprehensive income | 1,062,199 | ||
Loans and accounts receivable at amortized cost and interbank loans | 4,439,256 | ||
Financial instruments at amortized cost | 76,538 | ||
Investments under resale agreements | 17,957 | 26,232 | |
Financial derivative contracts | 102,739 | 90,773 | |
Trading investments | 389,409 | ||
Loans and accounts receivable from customers, net and interbank loans | 4,234,886 | ||
Available for sale instruments | 725,569 | ||
Held to maturity investments | 106,378 | ||
Intangible assets | 138,435 | 183,712 | |
Property, plant, and equipment | 17,134 | 48,098 | |
Current taxes | 52,874 | 36,359 | |
Deferred taxes | 27,492 | ||
Other assets | 123,106 | 80,308 | |
TOTAL ASSETS | 6,605,000 | 6,277,542 | |
LIABILITIES | |||
Deposits and other demand liabilities | 1,836,753 | 1,742,508 | |
Obligations under repurchase agreements | 644,991 | 376,656 | |
Time deposits and other time liabilities | 2,016,382 | 2,196,671 | |
Financial derivative contracts | 77,412 | 59,130 | |
Interbank borrowings | 725,598 | 650,987 | |
Debt instruments issued | 565,124 | 465,476 | |
Other financial liabilities | 811 | ||
Current taxes | 663 | ||
Deferred taxes | 471 | 26,301 | |
Provisions | 74,240 | 56,851 | |
Other liabilities | 50,123 | 63,675 | |
Liabilities directly associated with non-current assets held for sale | 0 | 0 | |
TOTAL LIABILITIES | $ 5,991,757 | $ 5,639,066 |
Reporting Segments - Schedule_3
Reporting Segments - Schedule of Income (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of geographical areas [line items] | |||
Net interest income | $ 887,663 | $ 782,982 | $ 639,175 |
Net fee and commission income | 186,129 | 177,571 | 150,796 |
Net income from financial operations | 172,755 | 8,268 | 112,952 |
Net foreign exchange gain (loss) | (17,965) | 46,165 | (48,848) |
Other operating income | 26,656 | 41,532 | 19,447 |
Provision for loan losses | (279,798) | (315,417) | (245,990) |
NET OPERATING PROFIT | 975,440 | 741,101 | 627,532 |
Depreciation and amortization | (86,817) | (81,845) | (63,692) |
Other Operating expenses | (654,710) | (649,302) | (552,935) |
OPERATING INCOME (LOSS) | 233,913 | 9,954 | 10,905 |
Income taxes | (67,059) | 52,871 | 3,568 |
Income from discontinued operations | (504) | ||
CONSOLIDATED INCOME FOR THE YEAR | 166,854 | 62,825 | 13,969 |
Chile [member] | |||
Disclosure of geographical areas [line items] | |||
Net interest income | 614,685 | 537,540 | 459,705 |
Net fee and commission income | 149,673 | 135,624 | 112,147 |
Net income from financial operations | 128,264 | (49,615) | 38,642 |
Net foreign exchange gain (loss) | 5,726 | 34,661 | (26,744) |
Other operating income | 14,337 | 33,398 | 9,058 |
Provision for loan losses | (127,804) | (169,233) | (146,812) |
NET OPERATING PROFIT | 761,771 | 522,375 | 445,996 |
Depreciation and amortization | (53,544) | (51,213) | (40,610) |
Other Operating expenses | (442,943) | (424,733) | (397,060) |
OPERATING INCOME (LOSS) | 265,284 | 46,429 | 8,326 |
Income taxes | (85,269) | 31,188 | (84) |
Income from discontinued operations | (504) | ||
CONSOLIDATED INCOME FOR THE YEAR | 180,015 | 77,617 | 7,738 |
Colombia [member] | |||
Disclosure of geographical areas [line items] | |||
Net interest income | 272,978 | 245,442 | 179,470 |
Net fee and commission income | 36,456 | 41,947 | 38,649 |
Net income from financial operations | 44,491 | 57,883 | 74,310 |
Net foreign exchange gain (loss) | (23,691) | 11,504 | (22,104) |
Other operating income | 12,319 | 8,134 | 10,389 |
Provision for loan losses | (151,994) | (146,184) | (99,178) |
NET OPERATING PROFIT | 213,669 | 218,726 | 181,536 |
Depreciation and amortization | (33,273) | (30,632) | (23,082) |
Other Operating expenses | (211,767) | (224,569) | (155,875) |
OPERATING INCOME (LOSS) | (31,371) | (36,475) | 2,579 |
Income taxes | 18,210 | 21,683 | 3,652 |
CONSOLIDATED INCOME FOR THE YEAR | $ (13,161) | $ (14,792) | $ 6,231 |
Cash and Cash Equivalents - Sch
Cash and Cash Equivalents - Schedule of Balances included under Cash and Cash Equivalents (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 30, 2015 |
Cash and deposits in banks | ||||
Cash | $ 255,449 | $ 254,824 | ||
Deposits in the Central Bank of Chile | 70,444 | 53,187 | ||
Deposits in local banks | 4,422 | 9,389 | ||
Deposits in foreign banks | 657,365 | 646,630 | ||
Subtotals cash and deposits in banks | 987,680 | 964,030 | ||
Cash items in process of collection, net | 71,493 | 47,521 | ||
Highly liquid financial instruments | 194,412 | 35,014 | ||
Investments under resale agreements | 109,467 | 28,524 | ||
Totals cash and cash equivalents | $ 1,363,052 | $ 1,075,089 | $ 2,116,744 | $ 625,608 |
Cash and Cash Equivalents - Sum
Cash and Cash Equivalents - Summary of Highly Liquid Financial Instruments (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Highly liquid financial instruments | ||
Highly liquid financial instruments | $ 194,412 | $ 35,014 |
Financial assets at fair value through profit or loss, category [member] | ||
Highly liquid financial instruments | ||
Highly liquid financial instruments | 15,741 | |
Financial assets at fair value through other comprehensive income [member] | ||
Highly liquid financial instruments | ||
Highly liquid financial instruments | $ 178,671 | |
Financial Investments Available-for-Sale [member] | ||
Highly liquid financial instruments | ||
Highly liquid financial instruments | 15,775 | |
Trading securities [member] | ||
Highly liquid financial instruments | ||
Highly liquid financial instruments | $ 19,239 |
Cash and Cash Equivalents - S_2
Cash and Cash Equivalents - Schedule of Investment Under Agreement to Resell (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Cash and cash equivalents [abstract] | ||
Investment under resale agreements | $ 109,467 | $ 28,524 |
Cash and Cash Equivalents - S_3
Cash and Cash Equivalents - Schedule of Cash in the Process of Collection (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Assets | ||
Documents held by other banks (documents to be cleared) | $ 77,085 | $ 66,996 |
Funds receivable | 241,573 | 90,021 |
Subtotals assets | 318,658 | 157,017 |
Liabilities | ||
Funds payable | 247,165 | 109,496 |
Subtotals liabilities | 247,165 | 109,496 |
Cash items in process of collection, net | $ 71,493 | $ 47,521 |
Financial Instruments at Fair_3
Financial Instruments at Fair Value through Profit or Loss and Trading Investments - Schedule of Financial Instruments at Fair Value Through Profit or Loss (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 |
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through profit or loss | $ 96,943 | |
IFRS9 [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through profit or loss | 15,741 | $ 423,855 |
IFRS9 [member] | Chilean Central Bank and Government Securities [Member] | Chilean Central Bank Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through profit or loss | 21,736 | |
IFRS9 [member] | Chilean Central Bank and Government Securities [Member] | Other Chilean Central Bank and Government Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through profit or loss | 14,872 | |
IFRS9 [member] | Other Chilean securities [member] | Bonds [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through profit or loss | 3 | |
IFRS9 [member] | Other Chilean securities [member] | Note [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through profit or loss | 4,014 | |
IFRS9 [member] | Foreign Financial Securities [member] | Bonds [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through profit or loss | 23,276 | |
IFRS9 [member] | Foreign Financial Securities [member] | Other Foreign Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through profit or loss | 19,505 | |
IFRS9 [member] | Investments in mutual funds [member] | Funds managed by related subsidiaries [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through profit or loss | 3,532 | |
IFRS9 [member] | Other Investment [member] | Other Financial instruments at fair value through profit loss [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through profit or loss | $ 10,005 |
Financial Instruments at Fair_4
Financial Instruments at Fair Value through Profit or Loss and Trading Investments - Additional Information (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | |||
Financial instruments at fair value through profit or loss | $ 96,943 | ||
Trading investments | $ 415,061 | ||
IAS 39 [member] | Trading securities [member] | |||
Disclosure of financial assets [line items] | |||
Trading investments | $ 19,239 | ||
IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Financial instruments at fair value through profit or loss | $ 15,741 | $ 423,855 |
Financial Instruments at Fair_5
Financial Instruments at Fair Value through Profit or Loss and Trading Investments - Summary of Trading Investments (Detail) $ in Millions | Dec. 31, 2017CLP ($) |
Disclosure of financial assets [line items] | |
Financial instruments at fair value through profit or loss | $ 415,061 |
IAS 39 [member] | Chilean Central Bank and Government Securities [Member] | Other Chilean Central Bank and Government Securities [member] | |
Disclosure of financial assets [line items] | |
Financial instruments at fair value through profit or loss | 3,163 |
IAS 39 [member] | Chilean Central Bank and Government Securities [Member] | Chilean Central Bank Securities [member] | |
Disclosure of financial assets [line items] | |
Financial instruments at fair value through profit or loss | 3,963 |
IAS 39 [member] | Other Chilean securities [member] | Bonds [member] | |
Disclosure of financial assets [line items] | |
Financial instruments at fair value through profit or loss | 5 |
IAS 39 [member] | Foreign Financial Securities [member] | Bonds [member] | |
Disclosure of financial assets [line items] | |
Financial instruments at fair value through profit or loss | 381,262 |
IAS 39 [member] | Foreign Financial Securities [member] | Other Foreign Securities [member] | |
Disclosure of financial assets [line items] | |
Financial instruments at fair value through profit or loss | 8,147 |
IAS 39 [member] | Investments in mutual funds [member] | Funds managed by related subsidiaries [member] | |
Disclosure of financial assets [line items] | |
Financial instruments at fair value through profit or loss | $ 18,521 |
Investments Under Resale Agre_3
Investments Under Resale Agreements and Obligations Under Repurchase Agreements - Schedule of Instruments Acquired Under Agreements to Resell (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Financial assets purchased agreed to resell | $ 109,467 | $ 28,524 |
Foreign Institution Securities [member] | Chilean Central Bank and Government Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial assets purchased agreed to resell | 17,351 | 21,248 |
Foreign Institution Securities [member] | Other Foreign Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial assets purchased agreed to resell | 606 | 4,984 |
Chilean Central Bank and Government Securities [member] | Chilean Central Bank Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial assets purchased agreed to resell | 14,533 | 2,292 |
Chilean Central Bank and Government Securities [member] | Government Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial assets purchased agreed to resell | 76,977 | |
Up to three months [member] | ||
Disclosure of financial assets [line items] | ||
Financial assets purchased agreed to resell | 109,467 | 28,524 |
Up to three months [member] | Foreign Institution Securities [member] | Chilean Central Bank and Government Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial assets purchased agreed to resell | 17,351 | 21,248 |
Up to three months [member] | Foreign Institution Securities [member] | Other Foreign Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial assets purchased agreed to resell | 606 | 4,984 |
Up to three months [member] | Chilean Central Bank and Government Securities [member] | Chilean Central Bank Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial assets purchased agreed to resell | 14,533 | $ 2,292 |
Up to three months [member] | Chilean Central Bank and Government Securities [member] | Government Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial assets purchased agreed to resell | $ 76,977 |
Investments Under Resale Agre_4
Investments Under Resale Agreements and Obligations Under Repurchase Agreements - Schedule of Instruments Acquired Under Agreements to Repurchase (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Financial instrument sold in agreement to repurchase | $ 1,015,614 | $ 420,920 |
Other Chilean securities [member] | Bonds [member] | ||
Disclosure of financial assets [line items] | ||
Financial instrument sold in agreement to repurchase | 26,573 | |
Other Chilean securities [member] | Note [member] | ||
Disclosure of financial assets [line items] | ||
Financial instrument sold in agreement to repurchase | 5,988 | |
Foreign Institution Securities [member] | Other Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial instrument sold in agreement to repurchase | 65,707 | |
Foreign Institution Securities [member] | Other Foreign Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial instrument sold in agreement to repurchase | 644,991 | 376,656 |
Chilean Central Bank and Government Securities [member] | Chilean Central Bank Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial instrument sold in agreement to repurchase | 21,018 | |
Chilean Central Bank and Government Securities [member] | Government Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial instrument sold in agreement to repurchase | 283,898 | 11,703 |
Up to three months [member] | ||
Disclosure of financial assets [line items] | ||
Financial instrument sold in agreement to repurchase | 1,015,614 | 420,920 |
Up to three months [member] | Other Chilean securities [member] | Bonds [member] | ||
Disclosure of financial assets [line items] | ||
Financial instrument sold in agreement to repurchase | 26,573 | |
Up to three months [member] | Other Chilean securities [member] | Note [member] | ||
Disclosure of financial assets [line items] | ||
Financial instrument sold in agreement to repurchase | 5,988 | |
Up to three months [member] | Foreign Institution Securities [member] | Other Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial instrument sold in agreement to repurchase | 65,707 | |
Up to three months [member] | Foreign Institution Securities [member] | Other Foreign Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial instrument sold in agreement to repurchase | 644,991 | 376,656 |
Up to three months [member] | Chilean Central Bank and Government Securities [member] | Chilean Central Bank Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial instrument sold in agreement to repurchase | 21,018 | |
Up to three months [member] | Chilean Central Bank and Government Securities [member] | Government Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial instrument sold in agreement to repurchase | $ 283,898 | $ 11,703 |
Financial Derivative Contract_3
Financial Derivative Contracts and Hedge Accounting - Schedule of Portfolio of Financial Derivatives Assets (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about financial instruments [line items] | ||
Assets | $ 1,368,957 | $ 1,248,775 |
Liabilities | 1,112,806 | 1,095,154 |
Derivatives held for hedge accounting [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Assets | 86,562 | 51,409 |
Liabilities | 75,615 | 121,378 |
Derivatives Held For Trading [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Assets | 1,282,395 | 1,197,366 |
Liabilities | $ 1,037,191 | $ 973,776 |
Financial Derivative Contract_4
Financial Derivative Contracts and Hedge Accounting - Schedule of Portfolio of Derivative Financial Instruments (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about hedged items [line items] | ||
Fair Value | $ 1,368,957 | $ 1,248,775 |
Derivative financial instruments [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Fair Value | 1,368,957 | 1,248,775 |
Derivative financial instruments [member] | Forward Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Fair Value | 342,993 | 316,901 |
Derivative financial instruments [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Fair Value | 468,093 | 396,239 |
Derivative financial instruments [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Fair Value | 553,608 | 534,505 |
Derivative financial instruments [member] | Currency call options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Fair Value | 4,217 | 421 |
Derivative financial instruments [member] | Currency put options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Fair Value | 46 | 709 |
Up to three months [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 12,105,990 | 29,408,668 |
Up to three months [member] | Derivative financial instruments [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 6,901,097 | 14,770,439 |
Up to three months [member] | Derivative financial instruments [member] | Forward Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,643,505 | 8,855,360 |
Up to three months [member] | Derivative financial instruments [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 168,254 | 92,772 |
Up to three months [member] | Derivative financial instruments [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,061,784 | 5,781,923 |
Up to three months [member] | Derivative financial instruments [member] | Currency call options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 26,435 | 33,709 |
Up to three months [member] | Derivative financial instruments [member] | Currency put options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,119 | 6,675 |
3 months to 1 year [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 19,075,602 | 31,455,855 |
3 months to 1 year [member] | Derivative financial instruments [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 11,589,837 | 16,343,459 |
3 months to 1 year [member] | Derivative financial instruments [member] | Forward Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 703,790 | 5,728,141 |
3 months to 1 year [member] | Derivative financial instruments [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,817,002 | 299,288 |
3 months to 1 year [member] | Derivative financial instruments [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 8,933,622 | 10,258,903 |
3 months to 1 year [member] | Derivative financial instruments [member] | Currency call options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 102,163 | 47,300 |
3 months to 1 year [member] | Derivative financial instruments [member] | Currency put options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 33,260 | 9,827 |
More than 1 year [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 71,663,232 | 51,833,402 |
More than 1 year [member] | Derivative financial instruments [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 41,846,266 | 27,482,621 |
More than 1 year [member] | Derivative financial instruments [member] | Forward Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 419,833 | 700,252 |
More than 1 year [member] | Derivative financial instruments [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 6,449,984 | 3,260,432 |
More than 1 year [member] | Derivative financial instruments [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 34,958,699 | 23,469,906 |
More than 1 year [member] | Derivative financial instruments [member] | Currency call options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ 17,750 | 26,223 |
More than 1 year [member] | Derivative financial instruments [member] | Currency put options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ 25,808 |
Financial Derivative Contract_5
Financial Derivative Contracts and Hedge Accounting - Schedule of Portfolio of Derivative Financial Instruments for Account Hedging and for Trading Purposes (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about hedged items [line items] | ||
Fair Value | $ 1,112,806 | $ 1,095,154 |
Derivative Financial Instruments Liabilities [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Fair Value | 1,112,806 | 1,095,154 |
Derivative Financial Instruments Liabilities [member] | Forward Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Fair Value | 322,241 | 333,482 |
Derivative Financial Instruments Liabilities [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Fair Value | 298,415 | 290,288 |
Derivative Financial Instruments Liabilities [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Fair Value | 489,718 | 468,928 |
Derivative Financial Instruments Liabilities [member] | Currency call options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Fair Value | 1,493 | 86 |
Derivative Financial Instruments Liabilities [member] | Currency put options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Fair Value | 939 | 2,370 |
Up to three months [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 12,105,990 | 29,408,668 |
Up to three months [member] | Derivative Financial Instruments Liabilities [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 5,204,893 | 14,638,229 |
Up to three months [member] | Derivative Financial Instruments Liabilities [member] | Forward Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,406,262 | 9,023,102 |
Up to three months [member] | Derivative Financial Instruments Liabilities [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 658,937 | 109,275 |
Up to three months [member] | Derivative Financial Instruments Liabilities [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,111,787 | 5,481,548 |
Up to three months [member] | Derivative Financial Instruments Liabilities [member] | Currency call options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 11,540 | 6,675 |
Up to three months [member] | Derivative Financial Instruments Liabilities [member] | Currency put options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 16,367 | 17,629 |
3 months to 1 year [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 19,075,602 | 31,455,855 |
3 months to 1 year [member] | Derivative Financial Instruments Liabilities [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 7,485,765 | 15,112,396 |
3 months to 1 year [member] | Derivative Financial Instruments Liabilities [member] | Forward Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 550,427 | 5,821,573 |
3 months to 1 year [member] | Derivative Financial Instruments Liabilities [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,035,357 | 414,355 |
3 months to 1 year [member] | Derivative Financial Instruments Liabilities [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 5,826,465 | 8,843,640 |
3 months to 1 year [member] | Derivative Financial Instruments Liabilities [member] | Currency call options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 35,344 | 7,369 |
3 months to 1 year [member] | Derivative Financial Instruments Liabilities [member] | Currency put options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 38,172 | 25,459 |
More than 1 year [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 71,663,232 | 51,833,402 |
More than 1 year [member] | Derivative Financial Instruments Liabilities [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 29,816,966 | 24,350,781 |
More than 1 year [member] | Derivative Financial Instruments Liabilities [member] | Forward Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 113,872 | 807,071 |
More than 1 year [member] | Derivative Financial Instruments Liabilities [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,169,546 | 2,822,789 |
More than 1 year [member] | Derivative Financial Instruments Liabilities [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 26,522,433 | 20,720,506 |
More than 1 year [member] | Derivative Financial Instruments Liabilities [member] | Currency put options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ 11,115 | $ 415 |
Financial Derivative Contract_6
Financial Derivative Contracts and Hedge Accounting - Schedule of Portfolio of Derivative Financial Instruments for Hedge Accounting and Trading Purposes (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about hedged items [line items] | ||
Fair Value Assets | $ 1,368,957 | $ 1,248,775 |
Fair Value Liabilities | 1,112,806 | 1,095,154 |
Derivatives held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Fair Value Assets | 86,562 | 51,409 |
Fair Value Liabilities | 75,615 | 121,378 |
Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Fair Value Assets | 1,282,395 | 1,197,366 |
Fair Value Liabilities | 1,037,191 | 973,776 |
Forward Contract [Member] | Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Fair Value Assets | 294,102 | 277,739 |
Fair Value Liabilities | 294,144 | 320,668 |
Currency Swap Contract [Member] | Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Fair Value Assets | 447,033 | 393,504 |
Fair Value Liabilities | 269,784 | 227,532 |
Interest rate swap [member] | Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Fair Value Assets | 536,997 | 524,993 |
Fair Value Liabilities | 470,831 | 423,120 |
Currency call options [member] | Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Fair Value Assets | 4,217 | 421 |
Fair Value Liabilities | 1,493 | 86 |
Currency put options [member] | Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Fair Value Assets | 46 | 709 |
Fair Value Liabilities | 939 | 2,370 |
Fair Value Hedges [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,205,105 | 2,999,007 |
Fair Value Assets | 39,650 | 11,984 |
Fair Value Liabilities | 33,847 | 79,846 |
Fair Value Hedges [Member] | Forward Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Fair Value Assets | 16,461 | 1,417 |
Fair Value Liabilities | 5,814 | 78 |
Fair Value Hedges [Member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 187,578 | |
Fair Value Assets | 7,697 | 2,735 |
Fair Value Liabilities | 11,038 | 40,441 |
Fair Value Hedges [Member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,017,527 | 2,734,781 |
Fair Value Assets | 15,492 | 7,832 |
Fair Value Liabilities | 16,995 | 39,327 |
Cash Flow Hedges [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,946,484 | 3,362,853 |
Fair Value Assets | 19,317 | 10,467 |
Fair Value Liabilities | 20,768 | 32,742 |
Cash Flow Hedges [Member] | Forward Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,073,971 | 2,211,060 |
Fair Value Assets | 4,835 | 8,787 |
Fair Value Liabilities | 1,283 | 3,946 |
Cash Flow Hedges [Member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 517,254 | 309,970 |
Fair Value Assets | 13,363 | |
Fair Value Liabilities | 17,593 | 22,315 |
Cash Flow Hedges [Member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 355,259 | 841,823 |
Fair Value Assets | 1,119 | 1,680 |
Fair Value Liabilities | 1,892 | 6,481 |
Hedges of net investment in foreign operations [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Fair Value Assets | 27,595 | 28,958 |
Fair Value Liabilities | 21,000 | 8,790 |
Hedges of net investment in foreign operations [member] | Forward Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Fair Value Assets | 27,595 | 28,958 |
Fair Value Liabilities | 21,000 | 8,790 |
Up to three months [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 12,105,990 | 29,408,668 |
Up to three months [member] | Derivatives held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,661,557 | 2,950,441 |
Up to three months [member] | Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 8,444,433 | 26,458,227 |
Up to three months [member] | Forward Contract [Member] | Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,000,421 | 15,370,447 |
Up to three months [member] | Currency Swap Contract [Member] | Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 216,211 | 202,047 |
Up to three months [member] | Interest rate swap [member] | Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 6,172,340 | 10,821,045 |
Up to three months [member] | Currency call options [member] | Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 37,975 | 40,384 |
Up to three months [member] | Currency put options [member] | Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 17,486 | 24,304 |
Up to three months [member] | Fair Value Hedges [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 644,850 | 442,426 |
Up to three months [member] | Fair Value Hedges [Member] | Forward Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 32,639 | |
Up to three months [member] | Fair Value Hedges [Member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 610,980 | |
Up to three months [member] | Fair Value Hedges [Member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,231 | 442,426 |
Up to three months [member] | Cash Flow Hedges [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,188,426 | 1,401,144 |
Up to three months [member] | Cash Flow Hedges [Member] | Forward Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,188,426 | 1,401,144 |
Up to three months [member] | Hedges of net investment in foreign operations [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 828,281 | 1,106,871 |
Up to three months [member] | Hedges of net investment in foreign operations [member] | Forward Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 828,281 | 1,106,871 |
3 months to 1 year [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 19,075,602 | 31,455,855 |
3 months to 1 year [member] | Derivatives held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,323,671 | 1,195,024 |
3 months to 1 year [member] | Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 17,751,931 | 30,260,831 |
3 months to 1 year [member] | Forward Contract [Member] | Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 704,183 | 10,668,057 |
3 months to 1 year [member] | Currency Swap Contract [Member] | Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,329,400 | 713,643 |
3 months to 1 year [member] | Interest rate swap [member] | Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 14,509,409 | 18,789,176 |
3 months to 1 year [member] | Currency call options [member] | Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 137,507 | 54,669 |
3 months to 1 year [member] | Currency put options [member] | Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 71,432 | 35,286 |
3 months to 1 year [member] | Fair Value Hedges [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 262,452 | 7,567 |
3 months to 1 year [member] | Fair Value Hedges [Member] | Forward Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 17,421 | |
3 months to 1 year [member] | Fair Value Hedges [Member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 192,926 | |
3 months to 1 year [member] | Fair Value Hedges [Member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 52,105 | 7,567 |
3 months to 1 year [member] | Cash Flow Hedges [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 528,606 | 896,263 |
3 months to 1 year [member] | Cash Flow Hedges [Member] | Forward Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 590,463 | |
3 months to 1 year [member] | Cash Flow Hedges [Member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 330,033 | |
3 months to 1 year [member] | Cash Flow Hedges [Member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 198,573 | 305,800 |
3 months to 1 year [member] | Hedges of net investment in foreign operations [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 532,613 | 291,194 |
3 months to 1 year [member] | Hedges of net investment in foreign operations [member] | Forward Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 532,613 | 291,194 |
More than 1 year [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 71,663,232 | 51,833,402 |
More than 1 year [member] | Derivatives held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,527,255 | 3,516,621 |
More than 1 year [member] | Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 69,135,977 | 48,316,781 |
More than 1 year [member] | Forward Contract [Member] | Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 300,667 | 1,287,870 |
More than 1 year [member] | Currency Swap Contract [Member] | Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 9,619,530 | 5,509,025 |
More than 1 year [member] | Interest rate swap [member] | Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 59,186,915 | 41,467,440 |
More than 1 year [member] | Currency call options [member] | Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 17,750 | 26,223 |
More than 1 year [member] | Currency put options [member] | Derivatives Held For Trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 11,115 | 26,223 |
More than 1 year [member] | Fair Value Hedges [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,297,803 | 2,451,175 |
More than 1 year [member] | Fair Value Hedges [Member] | Forward Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 102,847 | |
More than 1 year [member] | Fair Value Hedges [Member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 264,226 | |
More than 1 year [member] | Fair Value Hedges [Member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,194,956 | 2,186,949 |
More than 1 year [member] | Cash Flow Hedges [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 229,452 | 1,065,446 |
More than 1 year [member] | Cash Flow Hedges [Member] | Forward Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 130,191 | 219,453 |
More than 1 year [member] | Cash Flow Hedges [Member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 309,970 | |
More than 1 year [member] | Cash Flow Hedges [Member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ 99,261 | $ 536,023 |
Financial Derivative Contract_7
Financial Derivative Contracts and Hedge Accounting - Schedule of the Hedged Items and the Hedging Instrument at Fair Value (Detail) - Fair Value Hedges [Member] - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ 3,205,105 | $ 2,999,007 |
Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 187,578 | |
Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,017,527 | 2,734,781 |
Foreign currency swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 264,226 | |
Commercial and mortgage loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 709,588 | 744,198 |
Chilean Treasury Bonds [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 796,006 | 242,307 |
Current bonds [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,699,511 | 2,012,502 |
1 year [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 907,302 | 449,993 |
1 year [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 187,578 | |
1 year [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 719,724 | 449,993 |
1 year [member] | Commercial and mortgage loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,232 | 12,978 |
1 year [member] | Chilean Treasury Bonds [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 666,388 | |
1 year [member] | Current bonds [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 239,682 | 437,015 |
1 - 3 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 264,036 | 552,998 |
1 - 3 years [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 264,036 | 288,772 |
1 - 3 years [member] | Foreign currency swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 264,226 | |
1 - 3 years [member] | Commercial and mortgage loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 156,772 | 7,704 |
1 - 3 years [member] | Chilean Treasury Bonds [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 52,132 | 57,003 |
1 - 3 years [member] | Current bonds [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 55,132 | 488,291 |
3 to 6 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 391,157 | 482,334 |
3 to 6 years [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 391,157 | 482,334 |
3 to 6 years [member] | Commercial and mortgage loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 261,860 | 402,977 |
3 to 6 years [member] | Chilean Treasury Bonds [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 35,297 | 1,629 |
3 to 6 years [member] | Current bonds [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 94,000 | 77,728 |
Over 6 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,642,610 | 1,513,682 |
Over 6 years [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,642,610 | 1,513,682 |
Over 6 years [member] | Commercial and mortgage loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 289,724 | 320,539 |
Over 6 years [member] | Chilean Treasury Bonds [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 42,189 | 183,675 |
Over 6 years [member] | Current bonds [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ 1,310,697 | $ 1,009,468 |
Financial Derivative Contract_8
Financial Derivative Contracts and Hedge Accounting - Schedule of Forecasted Cash Flows by Interest Rate Risk, Fair Value Hedges (Detail) - Fair Value Hedges [Member] - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ 3,205,105 | $ 2,999,007 |
1 year [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 907,302 | 449,993 |
1 - 3 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 264,036 | 552,998 |
3 to 6 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 391,157 | 482,334 |
Over 6 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,642,610 | 1,513,682 |
Interest rate risk [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (132,215) | (85,900) |
Interest rate risk [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 132,215 | 85,900 |
Interest rate risk [member] | Inflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 50,404 | 93,490 |
Interest rate risk [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 182,619 | 179,390 |
Interest rate risk [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (182,619) | (179,390) |
Interest rate risk [member] | Outflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (50,404) | (93,490) |
Interest rate risk [member] | 1 year [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (14,926) | (10,594) |
Interest rate risk [member] | 1 year [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 14,926 | 10,594 |
Interest rate risk [member] | 1 year [member] | Inflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 9,678 | 14,981 |
Interest rate risk [member] | 1 year [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 24,604 | 25,575 |
Interest rate risk [member] | 1 year [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (24,604) | (25,575) |
Interest rate risk [member] | 1 year [member] | Outflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (9,678) | (14,981) |
Interest rate risk [member] | 1 - 3 years [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (19,819) | (9,672) |
Interest rate risk [member] | 1 - 3 years [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 19,819 | 9,672 |
Interest rate risk [member] | 1 - 3 years [member] | Inflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 17,366 | 27,525 |
Interest rate risk [member] | 1 - 3 years [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 37,185 | 37,197 |
Interest rate risk [member] | 1 - 3 years [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (37,185) | (37,197) |
Interest rate risk [member] | 1 - 3 years [member] | Outflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (17,366) | (27,525) |
Interest rate risk [member] | 3 to 6 years [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (34,583) | (7,487) |
Interest rate risk [member] | 3 to 6 years [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 34,583 | 7,487 |
Interest rate risk [member] | 3 to 6 years [member] | Inflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 15,632 | 32,376 |
Interest rate risk [member] | 3 to 6 years [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 50,215 | 39,863 |
Interest rate risk [member] | 3 to 6 years [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (50,215) | (39,863) |
Interest rate risk [member] | 3 to 6 years [member] | Outflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (15,632) | (32,376) |
Interest rate risk [member] | Over 6 years [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (62,887) | (58,147) |
Interest rate risk [member] | Over 6 years [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 62,887 | 58,147 |
Interest rate risk [member] | Over 6 years [member] | Inflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 7,728 | 18,608 |
Interest rate risk [member] | Over 6 years [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 70,615 | 76,755 |
Interest rate risk [member] | Over 6 years [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (70,615) | (76,755) |
Interest rate risk [member] | Over 6 years [member] | Outflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ (7,728) | $ (18,608) |
Financial Derivative Contract_9
Financial Derivative Contracts and Hedge Accounting - Schedule of Nominal Values of the Hedged Item (Detail) - Cash Flow Hedges [Member] - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ 2,946,484 | $ 3,362,853 |
Forward Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,073,971 | 2,211,060 |
Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 517,254 | 309,970 |
Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 355,259 | 841,823 |
Loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,025,604 | 2,180,337 |
Commercial loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 48,000 | 262,846 |
Time deposits [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 227,825 | 609,700 |
Current bonds [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 173,683 | 309,970 |
Interbank loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 471,372 | |
1 year [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,717,032 | 2,297,407 |
1 year [member] | Forward Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,073,971 | 1,991,607 |
1 year [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 444,488 | |
1 year [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 198,573 | 305,800 |
1 year [member] | Loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,015,643 | 1,991,607 |
1 year [member] | Time deposits [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 129,100 | 305,800 |
1 year [member] | Current bonds [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 173,683 | |
1 year [member] | Interbank loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 398,606 | |
1 - 3 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 89,988 | 833,323 |
1 - 3 years [member] | Forward Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 219,453 | |
1 - 3 years [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 309,970 | |
1 - 3 years [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 89,988 | 303,900 |
1 - 3 years [member] | Loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 9,961 | 188,730 |
1 - 3 years [member] | Commercial loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 28,000 | 30,723 |
1 - 3 years [member] | Time deposits [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 52,027 | 303,900 |
1 - 3 years [member] | Current bonds [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 309,970 | |
3 to 6 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 92,766 | 57,823 |
3 to 6 years [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 72,766 | |
3 to 6 years [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 20,000 | 57,823 |
3 to 6 years [member] | Commercial loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 20,000 | 57,823 |
3 to 6 years [member] | Interbank loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 72,766 | |
Over 6 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 46,698 | 174,300 |
Over 6 years [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 46,698 | 174,300 |
Over 6 years [member] | Commercial loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ 174,300 | |
Over 6 years [member] | Time deposits [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ 46,698 |
Financial Derivative Contrac_10
Financial Derivative Contracts and Hedge Accounting - Schedule of Forecasted Cash Flows by Interest Rate Risk, Cash Flow Hedges (Detail) - Cash Flow Hedges [Member] - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ 2,946,484 | $ 3,362,853 |
1 year [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,717,032 | 2,297,407 |
1 - 3 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 89,988 | 833,323 |
3 to 6 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 92,766 | 57,823 |
Over 6 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 46,698 | 174,300 |
Interest rate risk [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,995,292 | 2,109,735 |
Interest rate risk [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (1,995,292) | (2,109,735) |
Interest rate risk [member] | Inflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,018,665 | 2,210,010 |
Interest rate risk [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 23,373 | 100,275 |
Interest rate risk [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (23,373) | (100,275) |
Interest rate risk [member] | Outflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (2,018,665) | (2,210,010) |
Interest rate risk [member] | 1 year [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,837,656 | 1,952,498 |
Interest rate risk [member] | 1 year [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (1,837,656) | (1,952,498) |
Interest rate risk [member] | 1 year [member] | Inflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,848,702 | 1,982,371 |
Interest rate risk [member] | 1 year [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 11,046 | 29,873 |
Interest rate risk [member] | 1 year [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (11,046) | (29,873) |
Interest rate risk [member] | 1 year [member] | Outflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (1,848,702) | (1,982,371) |
Interest rate risk [member] | 1 - 3 years [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 165,645 | 192,156 |
Interest rate risk [member] | 1 - 3 years [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (165,645) | (192,156) |
Interest rate risk [member] | 1 - 3 years [member] | Inflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 169,442 | 225,180 |
Interest rate risk [member] | 1 - 3 years [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,797 | 33,024 |
Interest rate risk [member] | 1 - 3 years [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (3,797) | (33,024) |
Interest rate risk [member] | 1 - 3 years [member] | Outflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (169,442) | (225,180) |
Interest rate risk [member] | 3 to 6 years [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (5,172) | (19,459) |
Interest rate risk [member] | 3 to 6 years [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 5,172 | 19,459 |
Interest rate risk [member] | 3 to 6 years [member] | Inflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 521 | 2,459 |
Interest rate risk [member] | 3 to 6 years [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 5,693 | 21,918 |
Interest rate risk [member] | 3 to 6 years [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (5,693) | (21,918) |
Interest rate risk [member] | 3 to 6 years [member] | Outflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (521) | (2,459) |
Interest rate risk [member] | Over 6 years [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (2,837) | (15,460) |
Interest rate risk [member] | Over 6 years [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,837 | 15,460 |
Interest rate risk [member] | Over 6 years [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,837 | 15,460 |
Interest rate risk [member] | Over 6 years [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ (2,837) | $ (15,460) |
Financial Derivative Contrac_11
Financial Derivative Contracts and Hedge Accounting - Schedule of Effective Portion Generated by Cash Flow Derivatives Recorded in Statement of Changes in Equity (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | ||
Effective Portion | $ 5,559 | $ (5,730) |
Ineffective Portion | (416) | (1,300) |
Loans [member] | ||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | ||
Effective Portion | 8,557 | |
Ineffective Portion | 2,032 | |
Commercial loans [member] | ||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | ||
Effective Portion | 1,024 | 1,890 |
Ineffective Portion | 270 | 155 |
Time deposits [member] | ||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | ||
Effective Portion | (236) | (3,037) |
Ineffective Portion | (126) | |
Current bonds [member] | ||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | ||
Effective Portion | (3,829) | (4,583) |
Ineffective Portion | (2,718) | $ (1,329) |
Interbank loans [member] | ||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | ||
Effective Portion | $ 43 |
Financial Derivative Contrac_12
Financial Derivative Contracts and Hedge Accounting - Schedule of the Income Generated by Cash Flow Hedge Derivatives (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | ||
Effect of reclassification adjustments on cash flow hedges | $ 200 | $ 72 |
Time deposits [member] | ||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | ||
Effect of reclassification adjustments on cash flow hedges | $ 200 | $ 72 |
Financial Derivative Contrac_13
Financial Derivative Contracts and Hedge Accounting - Additional Information (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of detailed information about hedged items [line items] | |||
Gain or loss of the hedging instrument, effective recongnized in equity | $ 16,159 | $ (4,735) | $ 15,552 |
Hedges of net investment in foreign operations [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Gain or loss of the hedging instrument, effective recongnized in equity | $ 19,791 | $ 45,759 | $ 10,773 |
Financial Derivative Contrac_14
Financial Derivative Contracts and Hedge Accounting - Gains or Losses on Hedge of Net Investment in Foreign Operations that have been Recognized in Other Comprehensive Income and Accumulated in Equity (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of detailed information about hedges [line items] | |||
Beginning balance | $ (4,735) | $ 15,552 | |
Gains (losses) on hedge of net investment in foreign operation, before tax | (36,533) | 49,197 | $ 13,458 |
Ending balances | 16,159 | (4,735) | 15,552 |
Hedges of net investment in foreign operations [member] | |||
Disclosure of detailed information about hedges [line items] | |||
Beginning balance | 45,759 | 10,773 | |
Gains (losses) on hedge of net investment in foreign operation, before tax | (36,533) | 49,197 | |
Income tax relating to hedges of net investment in foreign operations | 10,565 | (14,211) | |
Ending balances | $ 19,791 | $ 45,759 | $ 10,773 |
Financial Derivative Contrac_15
Financial Derivative Contracts and Hedge Accounting - Schedule of Hedge Net Investment in New York Branch (Detail) - Hedges of net investment in foreign operations [member] - New York Branch [member] $ in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2018CLP ($) | Dec. 31, 2017CLP ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Disclosure of detailed information about hedges [line items] | ||||
Hedging Instrument (Fair Value) | $ (5,151) | $ 4,698 | ||
Effective Portion | (10,354) | 4,698 | ||
Ineffective Portion | $ 0 | $ 0 | ||
USD [member] | ||||
Disclosure of detailed information about hedges [line items] | ||||
Notional | $ 168 | $ 150 |
Financial Derivative Contrac_16
Financial Derivative Contracts and Hedge Accounting - Schedule of Hedge Net Investment in Itau Corpbanca Colombia (Detail) - Colombia Branch [member] - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Investment In Foreign Operation [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Effective position | $ (26,179) | $ 44,499 |
Ineffective position | 0 | 0 |
Foreign currency forwards [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Effective position | (26,179) | 44,499 |
Ineffective position | 0 | 0 |
1 year [member] | Investment In Foreign Operation [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,360,894 | 1,398,065 |
1 year [member] | Foreign currency forwards [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,360,894 | $ 1,398,065 |
Over 6 years [member] | Investment In Foreign Operation [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ 74,648 |
Interbank Loans - Schedule of I
Interbank Loans - Schedule of Interbank Loans, Net (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Loans and receivables from banks | $ 341,244 | $ 70,077 |
IFRS9 [member] | Interbank loans [member] | ||
Disclosure of financial assets [line items] | ||
Loans and receivables from banks | 341,244 | |
IFRS9 [member] | Foreign Banks [member] | Interbank loans [member] | ||
Disclosure of financial assets [line items] | ||
Allowances for loans losses | (463) | |
Loans and receivables from banks | 101,194 | |
IFRS9 [member] | Bank central of chile [member] | Interbank loans [member] | ||
Disclosure of financial assets [line items] | ||
Loans and receivables from banks | 240,050 | |
IFRS9 [member] | Inter banks cash loans [member] | Foreign Banks [member] | Interbank loans [member] | ||
Disclosure of financial assets [line items] | ||
Loans and receivables from banks | 30,507 | |
IFRS9 [member] | Loans to foreign banks [member] | Foreign Banks [member] | Interbank loans [member] | ||
Disclosure of financial assets [line items] | ||
Loans and receivables from banks | 5,594 | |
IFRS9 [member] | Non transferrable deposits with foreign banks [member] | Foreign Banks [member] | Interbank loans [member] | ||
Disclosure of financial assets [line items] | ||
Loans and receivables from banks | 65,556 | |
IFRS9 [member] | Deposits in the central bank of chile [member] | Bank central of chile [member] | Interbank loans [member] | ||
Disclosure of financial assets [line items] | ||
Loans and receivables from banks | $ 240,050 | |
IAS 39 [member] | ||
Disclosure of financial assets [line items] | ||
Loans and receivables from banks | 70,077 | |
IAS 39 [member] | Interbank loans [member] | ||
Disclosure of financial assets [line items] | ||
Loans and receivables from banks | 70,077 | |
IAS 39 [member] | Foreign Banks [member] | Interbank loans [member] | ||
Disclosure of financial assets [line items] | ||
Allowances for loans losses | (208) | |
Loans and receivables from banks | 36,073 | |
IAS 39 [member] | Bank central of chile [member] | Interbank loans [member] | ||
Disclosure of financial assets [line items] | ||
Loans and receivables from banks | 34,004 | |
IAS 39 [member] | Inter banks cash loans [member] | Foreign Banks [member] | Interbank loans [member] | ||
Disclosure of financial assets [line items] | ||
Loans and receivables from banks | 862 | |
IAS 39 [member] | Loans to foreign banks [member] | Foreign Banks [member] | Interbank loans [member] | ||
Disclosure of financial assets [line items] | ||
Loans and receivables from banks | 13,875 | |
IAS 39 [member] | Non transferrable deposits with foreign banks [member] | Foreign Banks [member] | Interbank loans [member] | ||
Disclosure of financial assets [line items] | ||
Loans and receivables from banks | 21,544 | |
IAS 39 [member] | Deposits in the central bank of chile [member] | Bank central of chile [member] | Interbank loans [member] | ||
Disclosure of financial assets [line items] | ||
Loans and receivables from banks | $ 34,004 |
Interbank Loans - Schedule of M
Interbank Loans - Schedule of Movements in Provisions and Impairment for Loans with Domestic and Foreign Banks (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
IFRS9 [member] | ||
Disclosure Of Provisions And Impairment For Loans With Domestic And Foreign Banks [line items] | ||
Beginning balance | $ 740,573 | |
Changes in the allowances | ||
Ending balance | 768,120 | $ 740,573 |
IFRS9 [member] | Interbank loans [member] | ||
Disclosure Of Provisions And Impairment For Loans With Domestic And Foreign Banks [line items] | ||
Beginning balance | 208 | |
Changes in the allowances | ||
- Transfer to stage 1 | 0 | |
- Transfer to stage 2 | 0 | |
- Transfer to stage 3 | 0 | |
- Increases due to change in credit risk | 0 | |
- Decreases due to change in credit risk | 0 | |
- Charge-offs | 0 | |
- Changes due to modifications that did not result in derecognition | 0 | |
Charge-offs | 0 | |
New financial assets originated or purchased | 344 | |
Financial assets that have been derecognised | (131) | |
Changes in models/risk parameters | 0 | |
Foreign exchange and other movements | 42 | |
Ending balance | 463 | 208 |
IFRS9 [member] | Interbank loans [member] | Stage 1 12-Month ECL [member] | ||
Disclosure Of Provisions And Impairment For Loans With Domestic And Foreign Banks [line items] | ||
Beginning balance | 208 | |
Changes in the allowances | ||
- Transfer to stage 1 | 0 | |
- Transfer to stage 2 | 0 | |
- Transfer to stage 3 | 0 | |
- Increases due to change in credit risk | 0 | |
- Decreases due to change in credit risk | 0 | |
- Charge-offs | 0 | |
- Changes due to modifications that did not result in derecognition | 0 | |
Charge-offs | 0 | |
New financial assets originated or purchased | 344 | |
Financial assets that have been derecognised | (131) | |
Changes in models/risk parameters | 0 | |
Foreign exchange and other movements | 42 | |
Ending balance | 463 | 208 |
IFRS9 [member] | Interbank loans [member] | Stage 2 Lifetime ECL [member] | ||
Changes in the allowances | ||
- Transfer to stage 1 | 0 | |
- Transfer to stage 2 | 0 | |
- Transfer to stage 3 | 0 | |
- Increases due to change in credit risk | 0 | |
- Decreases due to change in credit risk | 0 | |
- Charge-offs | 0 | |
- Changes due to modifications that did not result in derecognition | 0 | |
Charge-offs | 0 | |
Changes in models/risk parameters | 0 | |
IFRS9 [member] | Interbank loans [member] | Stage 3 Lifetime ECL [member] | ||
Changes in the allowances | ||
- Transfer to stage 1 | 0 | |
- Transfer to stage 2 | 0 | |
- Transfer to stage 3 | 0 | |
- Increases due to change in credit risk | 0 | |
- Decreases due to change in credit risk | 0 | |
- Charge-offs | 0 | |
- Changes due to modifications that did not result in derecognition | 0 | |
Charge-offs | 0 | |
Changes in models/risk parameters | 0 | |
IFRS9 [member] | Interbank loans [member] | Number of Shares Banco Itau [Member] | ||
Disclosure Of Provisions And Impairment For Loans With Domestic And Foreign Banks [line items] | ||
Beginning balance | 208 | |
Changes in the allowances | ||
Ending balance | 208 | |
IFRS9 [member] | Interbank loans [member] | Number of Shares Banco Itau [Member] | Stage 1 12-Month ECL [member] | ||
Disclosure Of Provisions And Impairment For Loans With Domestic And Foreign Banks [line items] | ||
Beginning balance | 208 | |
Changes in the allowances | ||
Ending balance | 208 | |
IAS 39 [member] | ||
Disclosure Of Provisions And Impairment For Loans With Domestic And Foreign Banks [line items] | ||
Beginning balance | 559,304 | |
Changes in the allowances | ||
Allowances established | 819,268 | |
Allowances released | 472,305 | |
Exchange differences | (44,619) | |
Ending balance | 618,527 | 559,304 |
Provisions for loan losses [member] | IAS 39 [member] | Loans and receivables from banks, net [member] | ||
Disclosure Of Provisions And Impairment For Loans With Domestic And Foreign Banks [line items] | ||
Balances at beginning | (208) | (212) |
Changes in the allowances | ||
- Charge-offs | 0 | |
Charge-offs | 0 | |
Allowances established | (226) | |
Allowances released | 209 | |
Impairment | 0 | |
Exchange differences | 21 | |
Balances at end | (208) | |
Provisions for loan losses [member] | IAS 39 [member] | Local Banks [member] | Loans and receivables from banks, net [member] | ||
Changes in the allowances | ||
- Charge-offs | 0 | |
Charge-offs | 0 | |
Impairment | 0 | |
Provisions for loan losses [member] | IAS 39 [member] | Foreign Banks [member] | Loans and receivables from banks, net [member] | ||
Disclosure Of Provisions And Impairment For Loans With Domestic And Foreign Banks [line items] | ||
Balances at beginning | $ (208) | (212) |
Changes in the allowances | ||
- Charge-offs | 0 | |
Charge-offs | 0 | |
Allowances established | (226) | |
Allowances released | 209 | |
Impairment | 0 | |
Exchange differences | 21 | |
Balances at end | $ (208) |
Loans and Accounts Receivable_3
Loans and Accounts Receivable From Customers - Schedule of Composition of Loan Portfolio (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | |||
Financial assets | $ 20,382,605 | $ 20,382,605 | |
Net carrying amount | 19,764,078 | ||
IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | $ 618,527 | 559,304 | |
Net carrying amount | 19,764,078 | ||
IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 768,120 | 740,573 | |
Net carrying amount | 20,714,370 | ||
Gross assets [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 20,382,605 | ||
Gross assets [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 21,482,490 | ||
Allowances for loan losses [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 618,527 | ||
Allowances for loan losses [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 768,120 | ||
Allowances for loan losses [member] | Individually assessed for credit losses [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 298,152 | ||
Allowances for loan losses [member] | Individually assessed for credit losses [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 133,610 | ||
Allowances for loan losses [member] | Collectively assessed for credit losses [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 320,375 | ||
Allowances for loan losses [member] | Collectively assessed for credit losses [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 634,510 | ||
Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 484,707 | 488,535 | |
Commercial loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 13,269,632 | ||
Commercial loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 13,882,193 | ||
Commercial loans [member] | Commercial loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 10,734,858 | ||
Commercial loans [member] | Commercial loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 11,065,601 | ||
Commercial loans [member] | Foreign trade loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 671,478 | ||
Commercial loans [member] | Foreign trade loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 920,479 | ||
Commercial loans [member] | Checking account debtors [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 134,597 | ||
Commercial loans [member] | Checking account debtors [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 124,299 | ||
Commercial loans [member] | Factoring transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 140,375 | ||
Commercial loans [member] | Factoring transactions [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 210,558 | ||
Commercial loans [member] | Student loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 640,209 | ||
Commercial loans [member] | Student loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 625,598 | ||
Commercial loans [member] | Leasing transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 923,507 | ||
Commercial loans [member] | Leasing transactions [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 903,047 | ||
Commercial loans [member] | Other mortgage loans and receivables [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 24,608 | ||
Commercial loans [member] | Other Commercial Loans and Receivables [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 32,611 | ||
Commercial loans [member] | Gross assets [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 13,716,546 | ||
Commercial loans [member] | Gross assets [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 14,366,900 | ||
Commercial loans [member] | Gross assets [member] | Commercial loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 11,116,076 | ||
Commercial loans [member] | Gross assets [member] | Commercial loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 11,457,388 | ||
Commercial loans [member] | Gross assets [member] | Foreign trade loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 700,733 | ||
Commercial loans [member] | Gross assets [member] | Foreign trade loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 928,443 | ||
Commercial loans [member] | Gross assets [member] | Checking account debtors [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 139,348 | ||
Commercial loans [member] | Gross assets [member] | Checking account debtors [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 131,100 | ||
Commercial loans [member] | Gross assets [member] | Factoring transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 140,738 | ||
Commercial loans [member] | Gross assets [member] | Factoring transactions [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 210,567 | ||
Commercial loans [member] | Gross assets [member] | Student loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 653,003 | ||
Commercial loans [member] | Gross assets [member] | Student loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 676,689 | ||
Commercial loans [member] | Gross assets [member] | Leasing transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 940,789 | ||
Commercial loans [member] | Gross assets [member] | Leasing transactions [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 928,160 | ||
Commercial loans [member] | Gross assets [member] | Other mortgage loans and receivables [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 25,859 | ||
Commercial loans [member] | Gross assets [member] | Other Commercial Loans and Receivables [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 34,553 | ||
Commercial loans [member] | Allowances for loan losses [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 446,914 | ||
Commercial loans [member] | Allowances for loan losses [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 484,707 | ||
Commercial loans [member] | Allowances for loan losses [member] | Commercial loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 381,218 | ||
Commercial loans [member] | Allowances for loan losses [member] | Commercial loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 391,787 | ||
Commercial loans [member] | Allowances for loan losses [member] | Foreign trade loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 29,255 | ||
Commercial loans [member] | Allowances for loan losses [member] | Foreign trade loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 7,964 | ||
Commercial loans [member] | Allowances for loan losses [member] | Checking account debtors [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 4,751 | ||
Commercial loans [member] | Allowances for loan losses [member] | Checking account debtors [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 6,801 | ||
Commercial loans [member] | Allowances for loan losses [member] | Factoring transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 363 | ||
Commercial loans [member] | Allowances for loan losses [member] | Factoring transactions [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 9 | ||
Commercial loans [member] | Allowances for loan losses [member] | Student loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 12,794 | ||
Commercial loans [member] | Allowances for loan losses [member] | Student loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 51,091 | ||
Commercial loans [member] | Allowances for loan losses [member] | Leasing transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 17,282 | ||
Commercial loans [member] | Allowances for loan losses [member] | Leasing transactions [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 25,113 | ||
Commercial loans [member] | Allowances for loan losses [member] | Other mortgage loans and receivables [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 1,251 | ||
Commercial loans [member] | Allowances for loan losses [member] | Other Commercial Loans and Receivables [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 1,942 | ||
Commercial loans [member] | Allowances for loan losses [member] | Individually assessed for credit losses [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 298,152 | ||
Commercial loans [member] | Allowances for loan losses [member] | Individually assessed for credit losses [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 133,610 | ||
Commercial loans [member] | Allowances for loan losses [member] | Individually assessed for credit losses [member] | Commercial loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 263,552 | ||
Commercial loans [member] | Allowances for loan losses [member] | Individually assessed for credit losses [member] | Commercial loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 133,610 | ||
Commercial loans [member] | Allowances for loan losses [member] | Individually assessed for credit losses [member] | Foreign trade loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 21,617 | ||
Commercial loans [member] | Allowances for loan losses [member] | Individually assessed for credit losses [member] | Checking account debtors [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 1,903 | ||
Commercial loans [member] | Allowances for loan losses [member] | Individually assessed for credit losses [member] | Factoring transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 270 | ||
Commercial loans [member] | Allowances for loan losses [member] | Individually assessed for credit losses [member] | Leasing transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 10,445 | ||
Commercial loans [member] | Allowances for loan losses [member] | Individually assessed for credit losses [member] | Other mortgage loans and receivables [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 365 | ||
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 148,762 | ||
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 351,097 | ||
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Commercial loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 117,666 | ||
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Commercial loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 258,177 | ||
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Foreign trade loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 7,638 | ||
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Foreign trade loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 7,964 | ||
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Checking account debtors [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 2,848 | ||
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Checking account debtors [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 6,801 | ||
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Factoring transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 93 | ||
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Factoring transactions [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 9 | ||
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Student loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 12,794 | ||
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Student loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 51,091 | ||
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Leasing transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 6,837 | ||
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Leasing transactions [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 25,113 | ||
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Other mortgage loans and receivables [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 886 | ||
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Other Commercial Loans and Receivables [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 1,942 | ||
Mortgages loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 4,117,734 | ||
Mortgages loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 4,379,710 | ||
Mortgages loans [member] | Other mortgage loans and receivables [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 26,032 | ||
Mortgages loans [member] | Other mortgage loans and receivables [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 22,336 | ||
Mortgages loans [member] | Loans with mortgage finance bonds [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 47,260 | ||
Mortgages loans [member] | Loans with mortgage finance bonds [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 37,892 | ||
Mortgages loans [member] | Endorsable mutual mortgage loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 134,103 | ||
Mortgages loans [member] | Endorsable mutual mortgage loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 110,652 | ||
Mortgages loans [member] | Other mutual mortgage loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 3,637,164 | ||
Mortgages loans [member] | Other mutual mortgage loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 3,901,107 | ||
Mortgages loans [member] | Mortgage leasing transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 273,175 | ||
Mortgages loans [member] | Mortgage leasing transactions [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 307,723 | ||
Mortgages loans [member] | Gross assets [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 4,152,753 | ||
Mortgages loans [member] | Gross assets [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 4,445,827 | ||
Mortgages loans [member] | Gross assets [member] | Other mortgage loans and receivables [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 26,399 | ||
Mortgages loans [member] | Gross assets [member] | Other mortgage loans and receivables [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 23,432 | ||
Mortgages loans [member] | Gross assets [member] | Loans with mortgage finance bonds [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 47,400 | ||
Mortgages loans [member] | Gross assets [member] | Loans with mortgage finance bonds [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 38,364 | ||
Mortgages loans [member] | Gross assets [member] | Endorsable mutual mortgage loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 135,919 | ||
Mortgages loans [member] | Gross assets [member] | Endorsable mutual mortgage loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 118,668 | ||
Mortgages loans [member] | Gross assets [member] | Other mutual mortgage loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 3,660,900 | ||
Mortgages loans [member] | Gross assets [member] | Other mutual mortgage loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 3,953,245 | ||
Mortgages loans [member] | Gross assets [member] | Mortgage leasing transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 282,135 | ||
Mortgages loans [member] | Gross assets [member] | Mortgage leasing transactions [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 312,118 | ||
Mortgages loans [member] | Allowances for loan losses [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 35,019 | ||
Mortgages loans [member] | Allowances for loan losses [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 66,117 | ||
Mortgages loans [member] | Allowances for loan losses [member] | Other mortgage loans and receivables [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 367 | ||
Mortgages loans [member] | Allowances for loan losses [member] | Other mortgage loans and receivables [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 1,096 | ||
Mortgages loans [member] | Allowances for loan losses [member] | Loans with mortgage finance bonds [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 140 | ||
Mortgages loans [member] | Allowances for loan losses [member] | Loans with mortgage finance bonds [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 472 | ||
Mortgages loans [member] | Allowances for loan losses [member] | Endorsable mutual mortgage loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 1,816 | ||
Mortgages loans [member] | Allowances for loan losses [member] | Endorsable mutual mortgage loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 8,016 | ||
Mortgages loans [member] | Allowances for loan losses [member] | Other mutual mortgage loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 23,736 | ||
Mortgages loans [member] | Allowances for loan losses [member] | Other mutual mortgage loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 52,138 | ||
Mortgages loans [member] | Allowances for loan losses [member] | Mortgage leasing transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 8,960 | ||
Mortgages loans [member] | Allowances for loan losses [member] | Mortgage leasing transactions [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 4,395 | ||
Mortgages loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 35,019 | ||
Mortgages loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 66,117 | ||
Mortgages loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Other mortgage loans and receivables [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 367 | ||
Mortgages loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Other mortgage loans and receivables [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 1,096 | ||
Mortgages loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Loans with mortgage finance bonds [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 140 | ||
Mortgages loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Loans with mortgage finance bonds [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 472 | ||
Mortgages loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Endorsable mutual mortgage loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 1,816 | ||
Mortgages loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Endorsable mutual mortgage loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 8,016 | ||
Mortgages loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Other mutual mortgage loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 23,736 | ||
Mortgages loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Other mutual mortgage loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 52,138 | ||
Mortgages loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Mortgage leasing transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 8,960 | ||
Mortgages loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Mortgage leasing transactions [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 4,395 | ||
Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 217,296 | ||
Consumer loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 2,376,712 | ||
Consumer loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 2,452,467 | ||
Consumer loans [member] | Other mortgage loans and receivables [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 58,787 | ||
Consumer loans [member] | Other mortgage loans and receivables [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 45,373 | ||
Consumer loans [member] | Installment consumer loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 1,709,981 | ||
Consumer loans [member] | Installment consumer loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 1,766,313 | ||
Consumer loans [member] | Checking account debtors [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 195,661 | ||
Consumer loans [member] | Checking account debtors [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 191,913 | ||
Consumer loans [member] | Credit card [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 401,505 | ||
Consumer loans [member] | Credit card [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 443,141 | ||
Consumer loans [member] | Consumer leasing transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 10,778 | ||
Consumer loans [member] | Consumer leasing transactions [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 5,727 | ||
Consumer loans [member] | Gross assets [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 2,513,306 | ||
Consumer loans [member] | Gross assets [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 2,669,763 | ||
Consumer loans [member] | Gross assets [member] | Other mortgage loans and receivables [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 63,411 | ||
Consumer loans [member] | Gross assets [member] | Other mortgage loans and receivables [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 50,716 | ||
Consumer loans [member] | Gross assets [member] | Installment consumer loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 1,810,049 | ||
Consumer loans [member] | Gross assets [member] | Installment consumer loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 1,921,785 | ||
Consumer loans [member] | Gross assets [member] | Checking account debtors [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 207,501 | ||
Consumer loans [member] | Gross assets [member] | Checking account debtors [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 209,492 | ||
Consumer loans [member] | Gross assets [member] | Credit card [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 421,169 | ||
Consumer loans [member] | Gross assets [member] | Credit card [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 481,567 | ||
Consumer loans [member] | Gross assets [member] | Consumer leasing transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 11,176 | ||
Consumer loans [member] | Gross assets [member] | Consumer leasing transactions [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 6,203 | ||
Consumer loans [member] | Allowances for loan losses [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 136,594 | ||
Consumer loans [member] | Allowances for loan losses [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 217,296 | ||
Consumer loans [member] | Allowances for loan losses [member] | Other mortgage loans and receivables [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 4,624 | ||
Consumer loans [member] | Allowances for loan losses [member] | Other mortgage loans and receivables [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 5,343 | ||
Consumer loans [member] | Allowances for loan losses [member] | Installment consumer loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 100,068 | ||
Consumer loans [member] | Allowances for loan losses [member] | Installment consumer loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 155,472 | ||
Consumer loans [member] | Allowances for loan losses [member] | Checking account debtors [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 11,840 | ||
Consumer loans [member] | Allowances for loan losses [member] | Checking account debtors [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 17,579 | ||
Consumer loans [member] | Allowances for loan losses [member] | Credit card [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 19,664 | ||
Consumer loans [member] | Allowances for loan losses [member] | Credit card [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 38,426 | ||
Consumer loans [member] | Allowances for loan losses [member] | Consumer leasing transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 398 | ||
Consumer loans [member] | Allowances for loan losses [member] | Consumer leasing transactions [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 476 | ||
Consumer loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 136,594 | ||
Consumer loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 217,296 | ||
Consumer loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Other mortgage loans and receivables [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 4,624 | ||
Consumer loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Other mortgage loans and receivables [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 5,343 | ||
Consumer loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Installment consumer loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 100,068 | ||
Consumer loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Installment consumer loans [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 155,472 | ||
Consumer loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Checking account debtors [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 11,840 | ||
Consumer loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Checking account debtors [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 17,579 | ||
Consumer loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Credit card [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 19,664 | ||
Consumer loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Credit card [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 38,426 | ||
Consumer loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Consumer leasing transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 398 | ||
Consumer loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Consumer leasing transactions [member] | IFRS9 [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | $ 476 | ||
Normal portfolio[member] | Gross assets [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 19,114,902 | ||
Normal portfolio[member] | Commercial loans [member] | Gross assets [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 12,742,912 | ||
Normal portfolio[member] | Commercial loans [member] | Gross assets [member] | Commercial loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 10,345,995 | ||
Normal portfolio[member] | Commercial loans [member] | Gross assets [member] | Foreign trade loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 650,959 | ||
Normal portfolio[member] | Commercial loans [member] | Gross assets [member] | Checking account debtors [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 131,332 | ||
Normal portfolio[member] | Commercial loans [member] | Gross assets [member] | Factoring transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 140,375 | ||
Normal portfolio[member] | Commercial loans [member] | Gross assets [member] | Student loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 598,108 | ||
Normal portfolio[member] | Commercial loans [member] | Gross assets [member] | Leasing transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 851,882 | ||
Normal portfolio[member] | Commercial loans [member] | Gross assets [member] | Other mortgage loans and receivables [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 24,261 | ||
Normal portfolio[member] | Mortgages loans [member] | Gross assets [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 3,975,744 | ||
Normal portfolio[member] | Mortgages loans [member] | Gross assets [member] | Other mortgage loans and receivables [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 24,231 | ||
Normal portfolio[member] | Mortgages loans [member] | Gross assets [member] | Loans with mortgage finance bonds [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 44,432 | ||
Normal portfolio[member] | Mortgages loans [member] | Gross assets [member] | Endorsable mutual mortgage loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 127,153 | ||
Normal portfolio[member] | Mortgages loans [member] | Gross assets [member] | Other mutual mortgage loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 3,507,384 | ||
Normal portfolio[member] | Mortgages loans [member] | Gross assets [member] | Mortgage leasing transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 272,544 | ||
Normal portfolio[member] | Consumer loans [member] | Gross assets [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 2,396,246 | ||
Normal portfolio[member] | Consumer loans [member] | Gross assets [member] | Other mortgage loans and receivables [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 60,651 | ||
Normal portfolio[member] | Consumer loans [member] | Gross assets [member] | Installment consumer loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 1,725,652 | ||
Normal portfolio[member] | Consumer loans [member] | Gross assets [member] | Checking account debtors [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 193,325 | ||
Normal portfolio[member] | Consumer loans [member] | Gross assets [member] | Credit card [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 405,786 | ||
Normal portfolio[member] | Consumer loans [member] | Gross assets [member] | Consumer leasing transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 10,832 | ||
Impaired portfolio [member] | Gross assets [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 1,267,703 | ||
Impaired portfolio [member] | Commercial loans [member] | Gross assets [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 973,634 | ||
Impaired portfolio [member] | Commercial loans [member] | Gross assets [member] | Commercial loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 770,081 | ||
Impaired portfolio [member] | Commercial loans [member] | Gross assets [member] | Foreign trade loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 49,774 | ||
Impaired portfolio [member] | Commercial loans [member] | Gross assets [member] | Checking account debtors [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 8,016 | ||
Impaired portfolio [member] | Commercial loans [member] | Gross assets [member] | Factoring transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 363 | ||
Impaired portfolio [member] | Commercial loans [member] | Gross assets [member] | Student loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 54,895 | ||
Impaired portfolio [member] | Commercial loans [member] | Gross assets [member] | Leasing transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 88,907 | ||
Impaired portfolio [member] | Commercial loans [member] | Gross assets [member] | Other mortgage loans and receivables [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 1,598 | ||
Impaired portfolio [member] | Mortgages loans [member] | Gross assets [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 177,009 | ||
Impaired portfolio [member] | Mortgages loans [member] | Gross assets [member] | Other mortgage loans and receivables [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 2,168 | ||
Impaired portfolio [member] | Mortgages loans [member] | Gross assets [member] | Loans with mortgage finance bonds [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 2,968 | ||
Impaired portfolio [member] | Mortgages loans [member] | Gross assets [member] | Endorsable mutual mortgage loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 8,766 | ||
Impaired portfolio [member] | Mortgages loans [member] | Gross assets [member] | Other mutual mortgage loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 153,516 | ||
Impaired portfolio [member] | Mortgages loans [member] | Gross assets [member] | Mortgage leasing transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 9,591 | ||
Impaired portfolio [member] | Consumer loans [member] | Gross assets [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 117,060 | ||
Impaired portfolio [member] | Consumer loans [member] | Gross assets [member] | Other mortgage loans and receivables [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 2,760 | ||
Impaired portfolio [member] | Consumer loans [member] | Gross assets [member] | Installment consumer loans [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 84,397 | ||
Impaired portfolio [member] | Consumer loans [member] | Gross assets [member] | Checking account debtors [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 14,176 | ||
Impaired portfolio [member] | Consumer loans [member] | Gross assets [member] | Credit card [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 15,383 | ||
Impaired portfolio [member] | Consumer loans [member] | Gross assets [member] | Consumer leasing transactions [member] | IAS 39 [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 344 |
Loans and Accounts Receivable_4
Loans and Accounts Receivable From Customers - Summary of Movements in Loan Portfolio (Detail) - CLP ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | |
Disclosure of financial assets [line items] | ||||
Beginning balance | $ 20,382,605 | |||
Financial assets | 20,382,605 | $ 20,382,605 | $ 20,382,605 | |
Net carrying amount | 19,764,078 | |||
Commercial loans [member] | ||||
Disclosure of financial assets [line items] | ||||
- Changes due to modifications that did not result in derecognition | 0 | |||
New financial assets originated or purchased | 110,022 | |||
Financial assets that have been derecognized | 120,684 | |||
Foreign exchange and other movements | 7,018 | |||
Allowance for loan losses | $ 484,707 | 488,535 | ||
Consumer loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Allowance for loan losses | 217,296 | |||
IFRS9 [member] | ||||
Disclosure of financial assets [line items] | ||||
- Changes due to modifications that did not result in derecognition | 0 | |||
New financial assets originated or purchased | 221,176 | |||
Financial assets that have been derecognized | 193,074 | |||
Foreign exchange and other movements | 9,977 | |||
Allowance for loan losses | 768,120 | 740,573 | ||
Net carrying amount | 20,714,370 | |||
IFRS9 [member] | Commercial loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Net carrying amount | 13,882,193 | |||
IFRS9 [member] | Mortgages loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Net carrying amount | 4,379,710 | |||
IFRS9 [member] | Consumer loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Net carrying amount | 2,452,467 | |||
IFRS9 [member] | Gross assets [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 21,482,490 | 21,482,490 | ||
Changes in the allowances - Transfer to stage 1 | 267,605 | |||
- Transfer to stage 2 | (149,957) | |||
- Transfer to stage 3 | (262,449) | |||
- Charge-offs | (181,625) | |||
- Changes due to modifications that did not result in derecognition | 0 | |||
New financial assets originated or purchased | 8,917,172 | |||
Financial assets that have been derecognized | (7,667,633) | |||
Foreign exchange and other movements | 176,772 | |||
Balances as of December 31, 2018 | 21,482,490 | |||
IFRS9 [member] | Gross assets [member] | Number of Shares Banco Itau [Member] | ||||
Disclosure of financial assets [line items] | ||||
Beginning balance | 20,382,605 | |||
Financial assets | 20,382,605 | 20,382,605 | ||
IFRS9 [member] | Gross assets [member] | After restatement [member] | ||||
Disclosure of financial assets [line items] | ||||
Beginning balance | 20,382,605 | |||
Financial assets | 20,382,605 | 20,382,605 | ||
IFRS9 [member] | Gross assets [member] | Commercial loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 14,366,900 | 14,366,900 | ||
Balances as of December 31, 2018 | 14,366,900 | |||
IFRS9 [member] | Gross assets [member] | Mortgages loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 4,445,827 | 4,445,827 | ||
Balances as of December 31, 2018 | 4,445,827 | |||
IFRS9 [member] | Gross assets [member] | Consumer loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 2,669,763 | 2,669,763 | ||
Balances as of December 31, 2018 | 2,669,763 | |||
IFRS9 [member] | Allowances for loan losses [member] | ||||
Disclosure of financial assets [line items] | ||||
Allowance for loan losses | 768,120 | |||
IFRS9 [member] | Allowances for loan losses [member] | Commercial loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Allowance for loan losses | 484,707 | |||
IFRS9 [member] | Allowances for loan losses [member] | Mortgages loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Allowance for loan losses | 66,117 | |||
IFRS9 [member] | Allowances for loan losses [member] | Consumer loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Allowance for loan losses | 217,296 | |||
Stage1 [member] | IFRS9 [member] | Gross assets [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 17,697,774 | 17,697,774 | ||
Balances as of December 31, 2018 | 17,697,774 | |||
Stage1 [member] | IFRS9 [member] | Gross assets [member] | Commercial loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 11,935,270 | 11,935,270 | ||
Balances as of December 31, 2018 | 11,935,270 | |||
Stage1 [member] | IFRS9 [member] | Gross assets [member] | Mortgages loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 3,626,811 | 3,626,811 | ||
Balances as of December 31, 2018 | 3,626,811 | |||
Stage1 [member] | IFRS9 [member] | Gross assets [member] | Consumer loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 2,135,693 | 2,135,693 | ||
Balances as of December 31, 2018 | 2,135,693 | |||
Stage1 [member] | IFRS9 [member] | Allowances for loan losses [member] | ||||
Disclosure of financial assets [line items] | ||||
Allowance for loan losses | 138,492 | |||
Stage1 [member] | IFRS9 [member] | Allowances for loan losses [member] | Commercial loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Allowance for loan losses | 61,971 | |||
Stage1 [member] | IFRS9 [member] | Allowances for loan losses [member] | Mortgages loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Allowance for loan losses | 5,756 | |||
Stage1 [member] | IFRS9 [member] | Allowances for loan losses [member] | Consumer loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Allowance for loan losses | 70,765 | |||
Stage1 [member] | IFRS9 [member] | 12-month expected credit losses [member] | Gross assets [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 17,697,774 | 17,697,774 | ||
- Transfer to stage 2 | (284,179) | |||
- Transfer to stage 3 | (109,278) | |||
- Charge-offs | (25,209) | |||
- Changes due to modifications that did not result in derecognition | 0 | |||
New financial assets originated or purchased | 7,894,302 | |||
Financial assets that have been derecognized | (6,165,474) | |||
Foreign exchange and other movements | 151,638 | |||
Balances as of December 31, 2018 | 17,697,774 | |||
Stage1 [member] | IFRS9 [member] | 12-month expected credit losses [member] | Gross assets [member] | Number of Shares Banco Itau [Member] | ||||
Disclosure of financial assets [line items] | ||||
Beginning balance | 16,235,974 | |||
Financial assets | 16,235,974 | 16,235,974 | ||
Stage1 [member] | IFRS9 [member] | 12-month expected credit losses [member] | Gross assets [member] | After restatement [member] | ||||
Disclosure of financial assets [line items] | ||||
Beginning balance | 16,235,974 | |||
Financial assets | 16,235,974 | 16,235,974 | ||
Stage 2 [member] | IFRS9 [member] | Gross assets [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 2,899,739 | 2,899,739 | ||
Balances as of December 31, 2018 | 2,899,739 | |||
Stage 2 [member] | IFRS9 [member] | Gross assets [member] | Commercial loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 1,796,562 | 1,796,562 | ||
Balances as of December 31, 2018 | 1,796,562 | |||
Stage 2 [member] | IFRS9 [member] | Gross assets [member] | Mortgages loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 659,119 | 659,119 | ||
Balances as of December 31, 2018 | 659,119 | |||
Stage 2 [member] | IFRS9 [member] | Gross assets [member] | Consumer loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 444,058 | 444,058 | ||
Balances as of December 31, 2018 | 444,058 | |||
Stage 2 [member] | IFRS9 [member] | Allowances for loan losses [member] | ||||
Disclosure of financial assets [line items] | ||||
Allowance for loan losses | 278,600 | |||
Stage 2 [member] | IFRS9 [member] | Allowances for loan losses [member] | Commercial loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Allowance for loan losses | 155,958 | |||
Stage 2 [member] | IFRS9 [member] | Allowances for loan losses [member] | Mortgages loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Allowance for loan losses | 37,800 | |||
Stage 2 [member] | IFRS9 [member] | Allowances for loan losses [member] | Consumer loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Allowance for loan losses | 84,842 | |||
Stage 2 [member] | IFRS9 [member] | Lifetime expected credit losses [member] | Gross assets [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 2,899,739 | 2,899,739 | ||
Changes in the allowances - Transfer to stage 1 | 159,276 | |||
- Transfer to stage 3 | (153,171) | |||
- Charge-offs | (24,473) | |||
- Changes due to modifications that did not result in derecognition | 0 | |||
New financial assets originated or purchased | 700,572 | |||
Financial assets that have been derecognized | (1,126,300) | |||
Foreign exchange and other movements | 18,426 | |||
Balances as of December 31, 2018 | 2,899,739 | |||
Stage 2 [member] | IFRS9 [member] | Lifetime expected credit losses [member] | Gross assets [member] | Number of Shares Banco Itau [Member] | ||||
Disclosure of financial assets [line items] | ||||
Beginning balance | 3,325,409 | |||
Financial assets | 3,325,409 | 3,325,409 | ||
Stage 2 [member] | IFRS9 [member] | Lifetime expected credit losses [member] | Gross assets [member] | After restatement [member] | ||||
Disclosure of financial assets [line items] | ||||
Beginning balance | 3,325,409 | |||
Financial assets | 3,325,409 | 3,325,409 | ||
Stage 3 [member] | IFRS9 [member] | Gross assets [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 884,977 | 884,977 | ||
Balances as of December 31, 2018 | 884,977 | |||
Stage 3 [member] | IFRS9 [member] | Gross assets [member] | Commercial loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 635,068 | 635,068 | ||
Balances as of December 31, 2018 | 635,068 | |||
Stage 3 [member] | IFRS9 [member] | Gross assets [member] | Mortgages loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 159,897 | 159,897 | ||
Balances as of December 31, 2018 | 159,897 | |||
Stage 3 [member] | IFRS9 [member] | Gross assets [member] | Consumer loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 90,012 | 90,012 | ||
Balances as of December 31, 2018 | 90,012 | |||
Stage 3 [member] | IFRS9 [member] | Allowances for loan losses [member] | ||||
Disclosure of financial assets [line items] | ||||
Allowance for loan losses | 351,028 | |||
Stage 3 [member] | IFRS9 [member] | Allowances for loan losses [member] | Commercial loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Allowance for loan losses | 266,778 | |||
Stage 3 [member] | IFRS9 [member] | Allowances for loan losses [member] | Mortgages loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Allowance for loan losses | 22,561 | |||
Stage 3 [member] | IFRS9 [member] | Allowances for loan losses [member] | Consumer loans [member] | ||||
Disclosure of financial assets [line items] | ||||
Allowance for loan losses | 61,689 | |||
Stage 3 [member] | IFRS9 [member] | Lifetime expected credit losses [member] | Gross assets [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 884,977 | $ 884,977 | ||
Changes in the allowances - Transfer to stage 1 | 108,329 | |||
- Transfer to stage 2 | 134,222 | |||
- Charge-offs | (131,943) | |||
- Changes due to modifications that did not result in derecognition | 0 | |||
New financial assets originated or purchased | 322,298 | |||
Financial assets that have been derecognized | (375,859) | |||
Foreign exchange and other movements | 6,708 | |||
Balances as of December 31, 2018 | 884,977 | |||
Stage 3 [member] | IFRS9 [member] | Lifetime expected credit losses [member] | Gross assets [member] | Number of Shares Banco Itau [Member] | ||||
Disclosure of financial assets [line items] | ||||
Beginning balance | 821,222 | |||
Financial assets | 821,222 | 821,222 | ||
Stage 3 [member] | IFRS9 [member] | Lifetime expected credit losses [member] | Gross assets [member] | After restatement [member] | ||||
Disclosure of financial assets [line items] | ||||
Beginning balance | 821,222 | |||
Financial assets | $ 821,222 | $ 821,222 |
Loans and Accounts Receivable_5
Loans and Accounts Receivable from Customers - Additional Information (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of financial assets [line items] | ||
Fair value of guarantees taken as percentage of assets | 136.48% | 126.76% |
Loans and receivables from customers | $ 19,764,078 | |
Effect on result of Portfolio purchases and sales | $ 1,602 | 15,121 |
Lease receivables associated with movable assets [member] | ||
Disclosure of financial assets [line items] | ||
Loans and receivables from customers | 436,654 | 306,931 |
Real Estate Assets [member] | ||
Disclosure of financial assets [line items] | ||
Loans and receivables from customers | $ 809,826 | $ 927,168 |
Mortgages loans [member] | ||
Disclosure of financial assets [line items] | ||
Fair value of guarantees taken as percentage of loans and receivables | 90.10% | 85.38% |
Loans and receivables from customers, net [member] | Net financial operating income [member] | ||
Disclosure of financial assets [line items] | ||
Gain (loss) on sale of loans and receivables sold | $ 13,272 | $ 15,852 |
Loans and receivables from customers, net [member] | Adjustment to Effective Interest Rate [member] | ||
Disclosure of financial assets [line items] | ||
Gain (loss) on sale of loans and receivables sold | $ 11,768 | $ 14,058 |
Loans and Accounts Receivable_6
Loans and Accounts Receivable From Customers - Schedule of Loan Portfolio Before Allowances for Loan Losses by Customer Economic (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2018 | |
Disclosure of financial assets [line items] | |||
Financial assets | $ 20,382,605 | $ 20,382,605 | |
Loans and receivables from customers, net [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 21,482,490 | $ 20,382,605 | |
Financial assets percentage | 100.00% | 100.00% | |
Loans and receivables from customers, net [member] | Gross assets [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 15,847,709 | $ 14,759,597 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 5,634,781 | 5,623,008 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 14,366,900 | $ 13,716,546 | |
Financial assets percentage | 66.88% | 67.30% | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 10,243,761 | $ 9,579,542 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 4,123,139 | 4,137,004 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Manufacturing [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 1,097,211 | $ 1,040,491 | |
Financial assets percentage | 5.11% | 5.10% | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Manufacturing [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 982,497 | $ 784,608 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Manufacturing [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 114,714 | 255,883 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Mining [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 677,777 | $ 644,061 | |
Financial assets percentage | 3.16% | 3.16% | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Mining [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 424,883 | $ 363,065 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Mining [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 252,894 | 280,996 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Electricity, gas and water [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 957,373 | $ 936,483 | |
Financial assets percentage | 4.46% | 4.59% | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Electricity, gas and water [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 600,667 | $ 589,067 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Electricity, gas and water [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 356,706 | 347,416 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Agriculture and livestock [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 346,369 | $ 415,930 | |
Financial assets percentage | 1.61% | 2.04% | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Agriculture and livestock [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 207,271 | $ 205,333 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Agriculture and livestock [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 139,098 | 210,597 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Forestry and wood extraction [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 29,683 | $ 38,807 | |
Financial assets percentage | 0.14% | 0.19% | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Forestry and wood extraction [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 24,511 | $ 22,975 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Forestry and wood extraction [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 5,172 | 15,832 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Fishing [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 3,475 | $ 13,912 | |
Financial assets percentage | 0.02% | 0.07% | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Fishing [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 1,945 | $ 1,527 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Fishing [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 1,530 | 12,385 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Transport [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 700,401 | $ 668,477 | |
Financial assets percentage | 3.26% | 3.28% | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Transport [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 509,354 | $ 461,486 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Transport [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 191,047 | 206,991 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Communications [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 86,077 | $ 94,439 | |
Financial assets percentage | 0.40% | 0.46% | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Communications [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 23,886 | $ 29,296 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Communications [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 62,191 | 65,143 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Construction [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 1,746,626 | $ 1,638,120 | |
Financial assets percentage | 8.13% | 8.04% | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Construction [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 1,436,096 | $ 1,368,057 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Construction [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 310,530 | 270,063 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Commerce [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 1,620,108 | $ 1,712,850 | |
Financial assets percentage | 7.54% | 8.40% | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Commerce [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 861,291 | $ 815,184 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Commerce [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 758,817 | 897,666 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Services [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 3,872,060 | $ 3,780,733 | |
Financial assets percentage | 18.02% | 18.55% | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Services [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 2,735,023 | $ 2,616,171 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Services [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 1,137,037 | 1,164,562 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Others [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 3,229,740 | $ 2,732,243 | |
Financial assets percentage | 15.03% | 13.40% | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Others [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 2,436,337 | $ 2,322,773 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Commercial loans [member] | Others [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 793,403 | 409,470 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Mortgages loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 4,445,827 | $ 4,152,753 | |
Financial assets percentage | 20.70% | 20.37% | |
Loans and receivables from customers, net [member] | Gross assets [member] | Mortgages loans [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 3,852,962 | $ 3,635,993 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Mortgages loans [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 592,865 | 516,760 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 2,669,763 | $ 2,513,306 | |
Financial assets percentage | 12.43% | 12.33% | |
Loans and receivables from customers, net [member] | Gross assets [member] | Consumer loans [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 1,750,986 | $ 1,544,062 | |
Loans and receivables from customers, net [member] | Gross assets [member] | Consumer loans [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 918,777 | $ 969,244 |
Loans and Accounts Receivable_7
Loans and Accounts Receivable From Customers - Movements in Credit Risk Provisions (Detail) $ in Millions | 12 Months Ended |
Dec. 31, 2018CLP ($) | |
IAS 39 [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | $ 559,304 |
Allowances established | 819,268 |
Allowances released | (472,305) |
Application of provisions | (9,760) |
Exchange rate differences | (44,619) |
Ending balance | 618,527 |
IFRS9 [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 740,573 |
Net transfers to stage 1 | 77,796 |
Net transfer to stage 2 | 43,864 |
Net transfer to stage 3 | (27,165) |
Increases due to change in credit risk | 85,755 |
Decreases due to change in credit risk | (61,965) |
Charge-offs/write-offs | (134,966) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 221,176 |
Financial assets that have been derecognized | (193,074) |
Changes in models/risk parameters | 6,149 |
Foreign exchange and other movements | 9,977 |
Ending balance | 768,120 |
Charge-offs [member] | IAS 39 [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Total charge-offs | (233,361) |
Charge-offs [member] | Commercial loans [member] | IAS 39 [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Total charge-offs | (109,350) |
Charge-offs [member] | Mortgages loans [member] | IAS 39 [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Total charge-offs | (8,303) |
Charge-offs [member] | Consumer loans [member] | IAS 39 [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Total charge-offs | (115,708) |
Commercial loans [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 488,535 |
Net transfers to stage 1 | 38,322 |
Net transfer to stage 2 | 38,414 |
Net transfer to stage 3 | (21,602) |
Increases due to change in credit risk | 48,452 |
Decreases due to change in credit risk | (33,923) |
Charge-offs/write-offs | (75,996) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 110,022 |
Financial assets that have been derecognized | (120,684) |
Changes in models/risk parameters | 6,149 |
Foreign exchange and other movements | 7,018 |
Ending balance | 484,707 |
Consumer loans [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Ending balance | 217,296 |
Individually assessed for credit losses [member] | IAS 39 [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 366,058 |
Allowances established | 338,701 |
Allowances released | (302,504) |
Application of provisions | (9,760) |
Exchange rate differences | (24,641) |
Ending balance | 298,152 |
Individually assessed for credit losses [member] | Charge-offs [member] | IAS 39 [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Total charge-offs | (69,702) |
Individually assessed for credit losses [member] | Charge-offs [member] | Commercial loans [member] | IAS 39 [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Total charge-offs | (69,702) |
Collectively assessed for credit losses [member] | IAS 39 [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 193,246 |
Allowances established | 480,567 |
Allowances released | (169,801) |
Exchange rate differences | (19,978) |
Ending balance | 320,375 |
Collectively assessed for credit losses [member] | Charge-offs [member] | IAS 39 [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Total charge-offs | (163,659) |
Collectively assessed for credit losses [member] | Charge-offs [member] | Commercial loans [member] | IAS 39 [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Total charge-offs | (39,648) |
Collectively assessed for credit losses [member] | Charge-offs [member] | Mortgages loans [member] | IAS 39 [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Total charge-offs | (8,303) |
Collectively assessed for credit losses [member] | Charge-offs [member] | Consumer loans [member] | IAS 39 [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Total charge-offs | (115,708) |
Individually Evaluated [Member] | IFRS9 [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 82,125 |
Increases due to change in credit risk | 20,319 |
Decreases due to change in credit risk | (2,238) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 23,465 |
Financial assets that have been derecognized | (35,991) |
Changes in models/risk parameters | 45,930 |
Ending balance | 133,610 |
Individually Evaluated [Member] | Commercial loans [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 82,125 |
Increases due to change in credit risk | 20,319 |
Decreases due to change in credit risk | (2,238) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 23,465 |
Financial assets that have been derecognized | (35,991) |
Changes in models/risk parameters | 45,930 |
Ending balance | 133,610 |
Individually Evaluated [Member] | Mortgages loans [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 60,471 |
Net transfers to stage 1 | 7,988 |
Net transfer to stage 2 | 4,047 |
Net transfer to stage 3 | (2,991) |
Increases due to change in credit risk | 8,743 |
Decreases due to change in credit risk | (7,717) |
Charge-offs/write-offs | (2,504) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 3,621 |
Financial assets that have been derecognized | (5,901) |
Foreign exchange and other movements | 360 |
Ending balance | 66,117 |
Individually Evaluated [Member] | Consumer loans [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 191,567 |
Net transfers to stage 1 | 31,486 |
Net transfer to stage 2 | 1,403 |
Net transfer to stage 3 | (2,572) |
Increases due to change in credit risk | 28,560 |
Decreases due to change in credit risk | (20,325) |
Charge-offs/write-offs | (56,466) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 107,533 |
Financial assets that have been derecognized | (66,489) |
Foreign exchange and other movements | 2,599 |
Ending balance | 217,296 |
Individually Evaluated [Member] | Stage1 [member] | 12-month expected credit losses [member] | IFRS9 [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Changes due to modifications that did not result in derecognition | 0 |
Individually Evaluated [Member] | Stage1 [member] | Commercial loans [member] | 12-month expected credit losses [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Changes due to modifications that did not result in derecognition | 0 |
Individually Evaluated [Member] | Stage1 [member] | Mortgages loans [member] | 12-month expected credit losses [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 3,962 |
Net transfer to stage 2 | (206) |
Net transfer to stage 3 | (73) |
Increases due to change in credit risk | 1,203 |
Decreases due to change in credit risk | (394) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 1,639 |
Financial assets that have been derecognized | (399) |
Foreign exchange and other movements | 24 |
Ending balance | 5,756 |
Individually Evaluated [Member] | Stage1 [member] | Consumer loans [member] | 12-month expected credit losses [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 59,175 |
Net transfer to stage 2 | (3,980) |
Net transfer to stage 3 | (855) |
Increases due to change in credit risk | 8,510 |
Decreases due to change in credit risk | (10,415) |
Charge-offs/write-offs | (10,333) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 37,016 |
Financial assets that have been derecognized | (9,156) |
Foreign exchange and other movements | 803 |
Ending balance | 70,765 |
Individually Evaluated [Member] | Stage 2 [member] | Lifetime expected credit losses [member] | IFRS9 [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 49,389 |
Increases due to change in credit risk | 3,732 |
Decreases due to change in credit risk | (532) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 6,428 |
Financial assets that have been derecognized | (20,636) |
Changes in models/risk parameters | 7,772 |
Ending balance | 46,153 |
Individually Evaluated [Member] | Stage 2 [member] | Commercial loans [member] | Lifetime expected credit losses [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 49,389 |
Increases due to change in credit risk | 3,732 |
Decreases due to change in credit risk | (532) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 6,428 |
Financial assets that have been derecognized | (20,636) |
Changes in models/risk parameters | 7,772 |
Ending balance | 46,153 |
Individually Evaluated [Member] | Stage 2 [member] | Mortgages loans [member] | Lifetime expected credit losses [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 37,460 |
Net transfers to stage 1 | 5,344 |
Net transfer to stage 3 | (2,918) |
Increases due to change in credit risk | 5,921 |
Decreases due to change in credit risk | (7,002) |
Charge-offs/write-offs | (13) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 1,577 |
Financial assets that have been derecognized | (2,792) |
Foreign exchange and other movements | 223 |
Ending balance | 37,800 |
Individually Evaluated [Member] | Stage 2 [member] | Consumer loans [member] | Lifetime expected credit losses [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 78,815 |
Net transfers to stage 1 | 16,833 |
Net transfer to stage 3 | (1,717) |
Increases due to change in credit risk | 5,822 |
Decreases due to change in credit risk | (9,447) |
Charge-offs/write-offs | (11,099) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 36,397 |
Financial assets that have been derecognized | (31,831) |
Foreign exchange and other movements | 1,069 |
Ending balance | 84,842 |
Individually Evaluated [Member] | Stage 3 [member] | Lifetime expected credit losses [member] | IFRS9 [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 32,736 |
Increases due to change in credit risk | 16,587 |
Decreases due to change in credit risk | (1,706) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 17,037 |
Financial assets that have been derecognized | (15,355) |
Changes in models/risk parameters | 38,158 |
Ending balance | 87,457 |
Individually Evaluated [Member] | Stage 3 [member] | Commercial loans [member] | Lifetime expected credit losses [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 32,736 |
Increases due to change in credit risk | 16,587 |
Decreases due to change in credit risk | (1,706) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 17,037 |
Financial assets that have been derecognized | (15,355) |
Changes in models/risk parameters | 38,158 |
Ending balance | 87,457 |
Individually Evaluated [Member] | Stage 3 [member] | Mortgages loans [member] | Lifetime expected credit losses [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 19,049 |
Net transfers to stage 1 | 2,644 |
Net transfer to stage 2 | 4,253 |
Increases due to change in credit risk | 1,619 |
Decreases due to change in credit risk | (321) |
Charge-offs/write-offs | (2,491) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 405 |
Financial assets that have been derecognized | (2,710) |
Foreign exchange and other movements | 113 |
Ending balance | 22,561 |
Individually Evaluated [Member] | Stage 3 [member] | Consumer loans [member] | Lifetime expected credit losses [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 53,577 |
Net transfers to stage 1 | 14,653 |
Net transfer to stage 2 | 5,383 |
Increases due to change in credit risk | 14,228 |
Decreases due to change in credit risk | (463) |
Charge-offs/write-offs | (35,034) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 34,120 |
Financial assets that have been derecognized | (25,502) |
Foreign exchange and other movements | 727 |
Ending balance | 61,689 |
Group [Member] | IFRS9 [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 658,448 |
Net transfers to stage 1 | 77,796 |
Net transfer to stage 2 | 43,864 |
Net transfer to stage 3 | (27,165) |
Increases due to change in credit risk | 65,436 |
Decreases due to change in credit risk | (59,727) |
Charge-offs/write-offs | (134,966) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 197,711 |
Financial assets that have been derecognized | (157,083) |
Changes in models/risk parameters | (39,781) |
Foreign exchange and other movements | 9,977 |
Ending balance | 634,510 |
Group [Member] | Commercial loans [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 406,410 |
Net transfers to stage 1 | 38,322 |
Net transfer to stage 2 | 38,414 |
Net transfer to stage 3 | (21,602) |
Increases due to change in credit risk | 28,133 |
Decreases due to change in credit risk | (31,685) |
Charge-offs/write-offs | (75,996) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 86,557 |
Financial assets that have been derecognized | (84,693) |
Changes in models/risk parameters | (39,781) |
Foreign exchange and other movements | 7,018 |
Ending balance | 351,097 |
Group [Member] | Stage1 [member] | 12-month expected credit losses [member] | IFRS9 [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 126,230 |
Net transfer to stage 2 | (5,233) |
Net transfer to stage 3 | (4,354) |
Increases due to change in credit risk | 18,307 |
Decreases due to change in credit risk | (23,460) |
Charge-offs/write-offs | (21,316) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 66,074 |
Financial assets that have been derecognized | (19,950) |
Changes in models/risk parameters | 138 |
Foreign exchange and other movements | 2,056 |
Ending balance | 138,492 |
Group [Member] | Stage1 [member] | Commercial loans [member] | 12-month expected credit losses [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 63,093 |
Net transfer to stage 2 | (1,047) |
Net transfer to stage 3 | (3,426) |
Increases due to change in credit risk | 8,594 |
Decreases due to change in credit risk | (12,651) |
Charge-offs/write-offs | (10,983) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 27,419 |
Financial assets that have been derecognized | (10,395) |
Changes in models/risk parameters | 138 |
Foreign exchange and other movements | 1,229 |
Ending balance | 61,971 |
Group [Member] | Stage 2 [member] | Lifetime expected credit losses [member] | IFRS9 [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 248,129 |
Net transfers to stage 1 | 36,325 |
Net transfer to stage 3 | (22,811) |
Increases due to change in credit risk | 18,459 |
Decreases due to change in credit risk | (27,162) |
Charge-offs/write-offs | (18,559) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 54,568 |
Financial assets that have been derecognized | (58,405) |
Changes in models/risk parameters | (1,761) |
Foreign exchange and other movements | 3,664 |
Ending balance | 232,447 |
Group [Member] | Stage 2 [member] | Commercial loans [member] | Lifetime expected credit losses [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 131,854 |
Net transfers to stage 1 | 14,148 |
Net transfer to stage 3 | (18,176) |
Increases due to change in credit risk | 6,716 |
Decreases due to change in credit risk | (10,713) |
Charge-offs/write-offs | (7,447) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 16,594 |
Financial assets that have been derecognized | (23,782) |
Changes in models/risk parameters | (1,761) |
Foreign exchange and other movements | 2,372 |
Ending balance | 109,805 |
Group [Member] | Stage 3 [member] | Lifetime expected credit losses [member] | IFRS9 [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 284,089 |
Net transfers to stage 1 | 41,471 |
Net transfer to stage 2 | 49,097 |
Increases due to change in credit risk | 28,670 |
Decreases due to change in credit risk | (9,105) |
Charge-offs/write-offs | (95,091) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 77,069 |
Financial assets that have been derecognized | (78,728) |
Changes in models/risk parameters | (38,158) |
Foreign exchange and other movements | 4,257 |
Ending balance | 263,571 |
Group [Member] | Stage 3 [member] | Commercial loans [member] | Lifetime expected credit losses [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 211,463 |
Net transfers to stage 1 | 24,174 |
Net transfer to stage 2 | 39,461 |
Increases due to change in credit risk | 12,823 |
Decreases due to change in credit risk | (8,321) |
Charge-offs/write-offs | (57,566) |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 42,544 |
Financial assets that have been derecognized | (50,516) |
Changes in models/risk parameters | (38,158) |
Foreign exchange and other movements | 3,417 |
Ending balance | $ 179,321 |
Loans and Accounts Receivable_8
Loans and Accounts Receivable From Customers - Schedule of Detail of Loans and Receivables Sold (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of financial assets [line items] | ||
Credit value | $ 62,261 | $ 22,739 |
Provision | 24,797 | 5,619 |
Provision | (124,408) | (123,100) |
Sale value | 25,794 | 16,389 |
Results to be deferred | 550,844 | 557,320 |
Results recognized in the year | (11,670) | (731) |
Current portfolio [member] | ||
Disclosure of financial assets [line items] | ||
Credit value | 62,261 | 22,739 |
Provision | 24,797 | 5,619 |
Sale value | 24,662 | 14,715 |
Results recognized in the year | (12,802) | (2,405) |
Charge-offs [member] | ||
Disclosure of financial assets [line items] | ||
Sale value | 1,132 | 1,674 |
Results recognized in the year | 1,132 | 1,674 |
CAE portfolio [member] | ||
Disclosure of financial assets [line items] | ||
Credit value | 95,521 | 118,027 |
Provision | 119 | 212 |
Sale value | 120,442 | 147,725 |
Adjustment to EIR | 11,768 | |
Results to be deferred | 14,058 | |
Results recognized in the year | $ 13,272 | $ 15,852 |
Loans and Accounts Receivable_9
Loans and Accounts Receivable From Customers - Schedule of Cash Flows to be Received from Finance Lease Contracts (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Total finance leasing contracts | $ 1,797,324 | $ 1,791,420 |
Unearned income finance leasing contracts | 550,844 | 557,320 |
Net finance leasing contracts | 1,246,481 | 1,234,100 |
Up to one month [member] | ||
Disclosure of financial assets [line items] | ||
Total finance leasing contracts | 29,177 | 29,846 |
Unearned income finance leasing contracts | 1,310 | 3,677 |
Net finance leasing contracts | 27,867 | 26,169 |
1 - 3 months [member] | ||
Disclosure of financial assets [line items] | ||
Total finance leasing contracts | 31,278 | 32,672 |
Unearned income finance leasing contracts | 2,636 | 2,857 |
Net finance leasing contracts | 28,642 | 29,815 |
3 months to 1 year [member] | ||
Disclosure of financial assets [line items] | ||
Total finance leasing contracts | 116,526 | 120,691 |
Unearned income finance leasing contracts | 10,621 | 11,596 |
Net finance leasing contracts | 105,905 | 109,095 |
1 - 3 years [member] | ||
Disclosure of financial assets [line items] | ||
Total finance leasing contracts | 257,976 | 262,576 |
Unearned income finance leasing contracts | 31,491 | 33,717 |
Net finance leasing contracts | 226,485 | 228,859 |
3 to 6 years [member] | ||
Disclosure of financial assets [line items] | ||
Total finance leasing contracts | 284,920 | 283,010 |
Unearned income finance leasing contracts | 54,922 | 57,453 |
Net finance leasing contracts | 229,998 | 225,557 |
More than 6 years [member] | ||
Disclosure of financial assets [line items] | ||
Total finance leasing contracts | 1,077,447 | 1,062,625 |
Unearned income finance leasing contracts | 449,864 | 448,020 |
Net finance leasing contracts | $ 627,584 | $ 614,605 |
Loans and Accounts Receivabl_10
Loans and Accounts Receivable From Customers - Schedule of Cash Flows to be Received from Finance Lease Contracts (Parenthetical) (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Net finance leasing contracts | $ 1,246,481 | $ 1,234,100 |
Loans and receivables from customers, net [member] | ||
Disclosure of financial assets [line items] | ||
Net finance leasing contracts | 1,246,481 | 1,234,100 |
Loans and receivables from customers, net [member] | Commercial loans [member] | ||
Disclosure of financial assets [line items] | ||
Net finance leasing contracts | 928,160 | 940,789 |
Loans and receivables from customers, net [member] | Mortgages loans [member] | ||
Disclosure of financial assets [line items] | ||
Net finance leasing contracts | 312,118 | 282,135 |
Loans and receivables from customers, net [member] | Consumer loans [member] | ||
Disclosure of financial assets [line items] | ||
Net finance leasing contracts | $ 6,203 | $ 11,176 |
Investment Instruments - Detail
Investment Instruments - Detail of Financial Instruments Measured at FVOCI (Detail) $ in Millions | Dec. 31, 2018CLP ($) |
Disclosure of financial assets [line items] | |
Financial instruments at fair value through other comprehensive income | $ 2,657,154 |
Financial instruments at amortized cost | 198,923 |
IFRS9 [member] | |
Disclosure of financial assets [line items] | |
Financial instruments at fair value through other comprehensive income | 2,657,154 |
Financial instruments at amortized cost | 198,923 |
Total | 2,856,077 |
IFRS9 [member] | Time deposits in local banks [member] | Other Chilean securities [member] | |
Disclosure of financial assets [line items] | |
Financial instruments at fair value through other comprehensive income | 185,501 |
Total | 185,501 |
IFRS9 [member] | Chilean mortgage finance bonds[member] | Other Chilean securities [member] | |
Disclosure of financial assets [line items] | |
Financial instruments at fair value through other comprehensive income | 50 |
Total | 50 |
IFRS9 [member] | Other local investments [member] | Other Chilean securities [member] | |
Disclosure of financial assets [line items] | |
Financial instruments at fair value through other comprehensive income | 5,979 |
Total | 5,979 |
IFRS9 [member] | Foreign government and central bank instruments [member] | Securities issued abroad [member] | |
Disclosure of financial assets [line items] | |
Financial instruments at fair value through other comprehensive income | 769,693 |
Financial instruments at amortized cost | 198,923 |
Total | 968,616 |
IFRS9 [member] | Other foreign investments [member] | Securities issued abroad [member] | |
Disclosure of financial assets [line items] | |
Financial instruments at fair value through other comprehensive income | 332,560 |
Total | 332,560 |
IFRS9 [member] | Chilean corporate bonds [member] | Unquoted Securities In Active Markets [member] | |
Disclosure of financial assets [line items] | |
Financial instruments at fair value through other comprehensive income | 4,909 |
Total | 4,909 |
IFRS9 [member] | Other Financial Instruments [member] | Unquoted Securities In Active Markets [member] | |
Disclosure of financial assets [line items] | |
Financial instruments at fair value through other comprehensive income | 6,378 |
Total | 6,378 |
IFRS9 [member] | Chilean Central Bank and Government Securities [member] | Chilean Central Bank Securities [member] | |
Disclosure of financial assets [line items] | |
Financial instruments at fair value through other comprehensive income | 411,431 |
Total | 411,431 |
IFRS9 [member] | Chilean Central Bank and Government Securities [member] | Chilean treasury bonds[member] | |
Disclosure of financial assets [line items] | |
Financial instruments at fair value through other comprehensive income | 913,041 |
Total | 913,041 |
IFRS9 [member] | Chilean Central Bank and Government Securities [member] | Other government securities [member] | |
Disclosure of financial assets [line items] | |
Financial instruments at fair value through other comprehensive income | 27,612 |
Total | $ 27,612 |
Investment Instruments - Additi
Investment Instruments - Additional Information (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Highly liquid financial instruments | $ 194,412 | $ 35,014 |
Financial assets at fair value through other comprehensive income [member] | ||
Disclosure of financial assets [line items] | ||
Highly liquid financial instruments | 178,671 | |
Financial Investments Available-for-Sale [member] | ||
Disclosure of financial assets [line items] | ||
Highly liquid financial instruments | 15,775 | |
Unrealized gain and (loss) total | 25,450 | |
Unrealized gain and (loss) total | 24,552 | |
Financial Investments Available-for-Sale [member] | Total Attributable to Equity Holders of the Bank [Member] | ||
Disclosure of financial assets [line items] | ||
Unrealized gain and (loss) total | 17,793 | |
Unrealized gain and (loss) total | 16,592 | |
Financial Investments Available-for-Sale [member] | Non controlling Interest [Member] | ||
Disclosure of financial assets [line items] | ||
Unrealized gain and (loss) total | $ 7,657 | |
Unrealized gain and (loss) total | $ 7,960 |
Investment instruments - Summar
Investment instruments - Summary of Portfolio of Debt Securities Classified as Investment Instruments at Fair Value through Other Comprehensive Income Includes Impairment (Detail) $ in Millions | 12 Months Ended |
Dec. 31, 2018CLP ($) | |
Disclosure of detailed information about financial instruments [line items] | |
Beginning balance | $ 20,382,605 |
IFRS9 [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Increases due to change in credit risk | 85,755 |
Decreases due to change in credit risk | 61,965 |
Charge-offs | 134,966 |
New financial assets originated or purchased | 221,176 |
Financial assets that have been derecognized | 193,074 |
Changes in models/risk parameters | 6,149 |
Foreign exchange and other movements | 9,977 |
Financial instruments credit-impaired [member] | IFRS9 [member] | Investments in equity instruments designated at fair value through other comprehensive income [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Beginning balance | 520 |
Changes in the allowances - Transfer to stage 1 | 0 |
Transfer to stage 2 | 0 |
Transfer to stage 3 | 0 |
Increases due to change in credit risk | 0 |
Decreases due to change in credit risk | 0 |
Charge-offs | 0 |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 25 |
Financial assets that have been derecognized | (411) |
Changes in models/risk parameters | 0 |
Foreign exchange and other movements | 0 |
Balances as of December 31, 2018 | 134 |
Financial instruments credit-impaired [member] | IFRS9 [member] | Restated [member] | Investments in equity instruments designated at fair value through other comprehensive income [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Beginning balance | 520 |
Financial instruments credit-impaired [member] | IFRS9 [member] | 12-month expected credit losses [member] | Stage1 [member] | Investments in equity instruments designated at fair value through other comprehensive income [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Beginning balance | 520 |
Changes in the allowances - Transfer to stage 1 | 0 |
Transfer to stage 2 | 0 |
Transfer to stage 3 | 0 |
Increases due to change in credit risk | 0 |
Decreases due to change in credit risk | 0 |
Charge-offs | 0 |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 25 |
Financial assets that have been derecognized | (411) |
Changes in models/risk parameters | 0 |
Foreign exchange and other movements | 0 |
Balances as of December 31, 2018 | 134 |
Financial instruments credit-impaired [member] | IFRS9 [member] | 12-month expected credit losses [member] | Stage1 [member] | Restated [member] | Investments in equity instruments designated at fair value through other comprehensive income [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Beginning balance | 520 |
Financial instruments credit-impaired [member] | IFRS9 [member] | Lifetime expected credit losses [member] | Stage 2 [member] | Investments in equity instruments designated at fair value through other comprehensive income [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Changes in the allowances - Transfer to stage 1 | 0 |
Transfer to stage 2 | 0 |
Transfer to stage 3 | 0 |
Increases due to change in credit risk | 0 |
Decreases due to change in credit risk | 0 |
Charge-offs | 0 |
Changes due to modifications that did not result in derecognition | 0 |
Changes in models/risk parameters | 0 |
Foreign exchange and other movements | 0 |
Financial instruments credit-impaired [member] | IFRS9 [member] | Lifetime expected credit losses [member] | Stage 3 [member] | Investments in equity instruments designated at fair value through other comprehensive income [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Changes in the allowances - Transfer to stage 1 | 0 |
Transfer to stage 2 | 0 |
Transfer to stage 3 | 0 |
Increases due to change in credit risk | 0 |
Decreases due to change in credit risk | 0 |
Charge-offs | 0 |
Changes due to modifications that did not result in derecognition | 0 |
Changes in models/risk parameters | 0 |
Foreign exchange and other movements | $ 0 |
Investment instruments - Summ_2
Investment instruments - Summary of Portfolio of Investment Instruments at Amortized Cost Includes Impairment (Detail) $ in Millions | 12 Months Ended |
Dec. 31, 2018CLP ($) | |
Disclosure of detailed information about financial instruments [line items] | |
Beginning balance | $ 20,382,605 |
IFRS9 [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Increases due to change in credit risk | 85,755 |
Decreases due to change in credit risk | 61,965 |
Charge-offs | 134,966 |
New financial assets originated or purchased | 221,176 |
Financial assets that have been derecognized | 193,074 |
Changes in models/risk parameters | 6,149 |
Foreign exchange and other movements | 9,977 |
Financial Instruments At Amortised Cost Category [member] | IFRS9 [member] | Financial assets at amortised cost [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Beginning balance | 37 |
Changes in the allowances - Transfer to stage 1 | 0 |
Transfer to stage 2 | 0 |
Transfer to stage 3 | 0 |
Increases due to change in credit risk | 0 |
Decreases due to change in credit risk | (50) |
Charge-offs | 0 |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 0 |
Financial assets that have been derecognized | 0 |
Changes in models/risk parameters | 0 |
Foreign exchange and other movements | 0 |
Balances as of December 31, 2018 | (13) |
Financial Instruments At Amortised Cost Category [member] | IFRS9 [member] | Restated [member] | Financial assets at amortised cost [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Beginning balance | 37 |
Financial Instruments At Amortised Cost Category [member] | IFRS9 [member] | 12-month expected credit losses [member] | Stage1 [member] | Financial assets at amortised cost [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Beginning balance | 37 |
Changes in the allowances - Transfer to stage 1 | 0 |
Transfer to stage 2 | 0 |
Transfer to stage 3 | 0 |
Increases due to change in credit risk | 0 |
Decreases due to change in credit risk | (50) |
Charge-offs | 0 |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 0 |
Financial assets that have been derecognized | 0 |
Changes in models/risk parameters | 0 |
Foreign exchange and other movements | 0 |
Balances as of December 31, 2018 | (13) |
Financial Instruments At Amortised Cost Category [member] | IFRS9 [member] | 12-month expected credit losses [member] | Stage1 [member] | Restated [member] | Financial assets at amortised cost [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Beginning balance | 37 |
Financial Instruments At Amortised Cost Category [member] | IFRS9 [member] | Lifetime expected credit losses [member] | Stage 2 [member] | Financial assets at amortised cost [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Changes in the allowances - Transfer to stage 1 | 0 |
Transfer to stage 2 | 0 |
Transfer to stage 3 | 0 |
Increases due to change in credit risk | 0 |
Charge-offs | 0 |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 0 |
Financial assets that have been derecognized | 0 |
Changes in models/risk parameters | 0 |
Foreign exchange and other movements | 0 |
Financial Instruments At Amortised Cost Category [member] | IFRS9 [member] | Lifetime expected credit losses [member] | Stage 3 [member] | Financial assets at amortised cost [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Changes in the allowances - Transfer to stage 1 | 0 |
Transfer to stage 2 | 0 |
Transfer to stage 3 | 0 |
Increases due to change in credit risk | 0 |
Charge-offs | 0 |
Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 0 |
Financial assets that have been derecognized | 0 |
Changes in models/risk parameters | 0 |
Foreign exchange and other movements | $ 0 |
Investment Instruments - Schedu
Investment Instruments - Schedule of Unrealized Gains and Losses on the FVTOCI Portfolio (Detail) $ in Millions | Dec. 31, 2018CLP ($) |
Disclosure of financial assets [line items] | |
Fair Value | $ 2,657,154 |
IFRS9 [member] | |
Disclosure of financial assets [line items] | |
Acquisition cost | 2,631,704 |
Unrealized Gains | 37,344 |
Unrealized Losses | (11,894) |
Fair Value | 2,657,154 |
IFRS9 [member] | Time deposits in local banks [member] | Other Chilean securities [member] | |
Disclosure of financial assets [line items] | |
Acquisition cost | 185,468 |
Unrealized Gains | 70 |
Unrealized Losses | (37) |
Fair Value | 185,501 |
IFRS9 [member] | Chilean mortgage finance bonds[member] | Other Chilean securities [member] | |
Disclosure of financial assets [line items] | |
Acquisition cost | 50 |
Fair Value | 50 |
IFRS9 [member] | Other local investments [member] | Other Chilean securities [member] | |
Disclosure of financial assets [line items] | |
Acquisition cost | 4,001 |
Unrealized Gains | 1,978 |
Fair Value | 5,979 |
IFRS9 [member] | Foreign government and central bank instruments [member] | Securities issued abroad [member] | |
Disclosure of financial assets [line items] | |
Acquisition cost | 752,791 |
Unrealized Gains | 24,505 |
Unrealized Losses | (7,603) |
Fair Value | 769,693 |
IFRS9 [member] | Other foreign investments [member] | Securities issued abroad [member] | |
Disclosure of financial assets [line items] | |
Acquisition cost | 329,196 |
Unrealized Gains | 5,741 |
Unrealized Losses | (2,377) |
Fair Value | 332,560 |
IFRS9 [member] | Chilean corporate bonds [member] | Unquoted Securities In Active Markets [member] | |
Disclosure of financial assets [line items] | |
Acquisition cost | 4,924 |
Unrealized Gains | 5 |
Unrealized Losses | (20) |
Fair Value | 4,909 |
IFRS9 [member] | Other Financial instruments at fair value through Other Comprehensive Income [member] | Unquoted Securities In Active Markets [member] | |
Disclosure of financial assets [line items] | |
Acquisition cost | 4,324 |
Unrealized Gains | 2,054 |
Fair Value | 6,378 |
IFRS9 [member] | Chilean Central Bank and Government Securities [member] | Chilean Central Bank Securities [member] | |
Disclosure of financial assets [line items] | |
Acquisition cost | 411,223 |
Unrealized Gains | 533 |
Unrealized Losses | (325) |
Fair Value | 411,431 |
IFRS9 [member] | Chilean Central Bank and Government Securities [member] | Chilean treasury bonds[member] | |
Disclosure of financial assets [line items] | |
Acquisition cost | 911,596 |
Unrealized Gains | 2,458 |
Unrealized Losses | (1,013) |
Fair Value | 913,041 |
IFRS9 [member] | Chilean Central Bank and Government Securities [member] | Other government securities [member] | |
Disclosure of financial assets [line items] | |
Acquisition cost | 28,131 |
Unrealized Losses | (519) |
Fair Value | $ 27,612 |
Investment Instruments - Deta_2
Investment Instruments - Detail of Financial Instruments Measured at Fair Value Through Other Comprehensive Income and Financial Instruments Available for Sale and Held to Maturity (Detail) $ in Millions | Dec. 31, 2017CLP ($) |
Disclosure of financial assets [line items] | |
Available for sale | $ 2,663,478 |
Held to maturity | 202,030 |
IAS 39 [member] | |
Disclosure of financial assets [line items] | |
Available for sale | 2,663,478 |
Held to maturity | 202,030 |
Total | 2,865,508 |
IAS 39 [member] | Time deposits in local banks [member] | Other Chilean securities [member] | |
Disclosure of financial assets [line items] | |
Available for sale | 114,038 |
Total | 114,038 |
IAS 39 [member] | Chilean mortgage finance bonds[member] | Other Chilean securities [member] | |
Disclosure of financial assets [line items] | |
Available for sale | 64 |
Total | 64 |
IAS 39 [member] | Chilean financial institutions bonds[member] | Other Chilean securities [member] | |
Disclosure of financial assets [line items] | |
Available for sale | 9,032 |
Total | 9,032 |
IAS 39 [member] | Other local investments [member] | Other Chilean securities [member] | |
Disclosure of financial assets [line items] | |
Available for sale | 6,159 |
Total | 6,159 |
IAS 39 [member] | Foreign government and central bank instruments [member] | Securities issued abroad [member] | |
Disclosure of financial assets [line items] | |
Available for sale | 420,687 |
Total | 420,687 |
IAS 39 [member] | Other foreign investments [member] | Securities issued abroad [member] | |
Disclosure of financial assets [line items] | |
Available for sale | 300,740 |
Held to maturity | 202,030 |
Total | 502,770 |
IAS 39 [member] | Chilean corporate bonds [member] | Unquoted Securities In Active Markets [member] | |
Disclosure of financial assets [line items] | |
Available for sale | 18,469 |
Total | 18,469 |
IAS 39 [member] | Other Financial Instruments [member] | Unquoted Securities In Active Markets [member] | |
Disclosure of financial assets [line items] | |
Available for sale | 10,412 |
Total | 10,412 |
IAS 39 [member] | Chilean Central Bank and Government Securities [member] | Chilean Central Bank Securities [member] | |
Disclosure of financial assets [line items] | |
Available for sale | 687,945 |
Total | 687,945 |
IAS 39 [member] | Chilean Central Bank and Government Securities [member] | Chilean treasury bonds[member] | |
Disclosure of financial assets [line items] | |
Available for sale | 1,081,879 |
Total | 1,081,879 |
IAS 39 [member] | Chilean Central Bank and Government Securities [member] | Other government securities [member] | |
Disclosure of financial assets [line items] | |
Available for sale | 14,053 |
Total | $ 14,053 |
Investment Instruments - Sche_2
Investment Instruments - Schedule of Unrealized Gains and Losses on the Available-for-sale Portfolio (Detail) $ in Millions | 12 Months Ended |
Dec. 31, 2017CLP ($) | |
Disclosure of financial assets [line items] | |
Fair Value | $ 2,663,478 |
IAS 39 [member] | |
Disclosure of financial assets [line items] | |
Notional value | 2,638,926 |
Gross Unrealized Gains | 30,090 |
Gross Unrealized Losses | (5,538) |
Fair Value | 2,663,478 |
IAS 39 [member] | Time deposits in local banks [member] | Other Chilean securities [member] | |
Disclosure of financial assets [line items] | |
Notional value | 114,073 |
Gross Unrealized Losses | (35) |
Fair Value | 114,038 |
IAS 39 [member] | Chilean mortgage finance bonds[member] | Other Chilean securities [member] | |
Disclosure of financial assets [line items] | |
Notional value | 64 |
Fair Value | 64 |
IAS 39 [member] | Chilean financial institutions bonds[member] | Other Chilean securities [member] | |
Disclosure of financial assets [line items] | |
Notional value | 9,034 |
Gross Unrealized Gains | 25 |
Gross Unrealized Losses | (27) |
Fair Value | 9,032 |
IAS 39 [member] | Other local investments [member] | Other Chilean securities [member] | |
Disclosure of financial assets [line items] | |
Notional value | 3,942 |
Gross Unrealized Gains | 2,217 |
Fair Value | 6,159 |
IAS 39 [member] | Foreign government and central bank instruments [member] | Securities issued abroad [member] | |
Disclosure of financial assets [line items] | |
Notional value | 416,995 |
Gross Unrealized Gains | 3,921 |
Gross Unrealized Losses | (229) |
Fair Value | 420,687 |
IAS 39 [member] | Other foreign investments [member] | Securities issued abroad [member] | |
Disclosure of financial assets [line items] | |
Notional value | 281,833 |
Gross Unrealized Gains | 19,090 |
Gross Unrealized Losses | (183) |
Fair Value | 300,740 |
IAS 39 [member] | Chilean corporate bonds [member] | Unquoted Securities In Active Markets [member] | |
Disclosure of financial assets [line items] | |
Notional value | 17,964 |
Gross Unrealized Gains | 505 |
Fair Value | 18,469 |
IAS 39 [member] | Other Financial Instruments [member] | Unquoted Securities In Active Markets [member] | |
Disclosure of financial assets [line items] | |
Notional value | 10,412 |
Fair Value | 10,412 |
IAS 39 [member] | Chilean Central Bank and Government Securities [member] | Chilean Central Bank Securities [member] | |
Disclosure of financial assets [line items] | |
Notional value | 688,770 |
Gross Unrealized Gains | 806 |
Gross Unrealized Losses | (1,631) |
Fair Value | 687,945 |
IAS 39 [member] | Chilean Central Bank and Government Securities [member] | Chilean treasury bonds[member] | |
Disclosure of financial assets [line items] | |
Notional value | 1,081,633 |
Gross Unrealized Gains | 3,526 |
Gross Unrealized Losses | (3,280) |
Fair Value | 1,081,879 |
IAS 39 [member] | Chilean Central Bank and Government Securities [member] | Other government securities [member] | |
Disclosure of financial assets [line items] | |
Notional value | 14,206 |
Gross Unrealized Losses | (153) |
Fair Value | $ 14,053 |
Intangible Assets - Schedule of
Intangible Assets - Schedule of Intangibles Assets (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | $ 1,570,964 | $ 1,562,654 | |
Gross assets [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | 1,828,024 | 1,751,814 | $ 1,614,475 |
Accumulated depreciation, amortisation and impairment [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | (257,060) | (189,160) | |
Computer software [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | $ 151,840 | $ 113,355 | |
Computer software [member] | Gross assets [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Useful life years | 6 Years | 6 Years | |
Remaining amortization years | 3 years | 5 years | |
Net balance | $ 263,179 | $ 203,080 | 87,324 |
Computer software [member] | Accumulated depreciation, amortisation and impairment [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | (111,339) | (89,725) | |
IT projects and licenses [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | $ 12,614 | $ 16,663 | |
IT projects and licenses [member] | Gross assets [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Useful life years | 6 Years | 6 Years | |
Remaining amortization years | 2 years | 5 years | |
Net balance | $ 42,601 | $ 42,474 | 21,300 |
IT projects and licenses [member] | Accumulated depreciation, amortisation and impairment [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | (29,987) | (25,811) | |
Assets generated in business combination [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | 1,406,016 | 1,431,990 | |
Assets generated in business combination [member] | Gross assets [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | 1,518,599 | 1,502,615 | 1,505,034 |
Assets generated in business combination [member] | Accumulated depreciation, amortisation and impairment [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | (112,583) | (70,625) | |
Goodwill [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | 1,135,392 | 1,126,663 | |
Goodwill [member] | Gross assets [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | $ 1,135,392 | $ 1,126,663 | 1,145,308 |
Trademark [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Useful life years | 10 Years | 10 Years | |
Remaining amortization years | 8 years | 9 years | |
Net balance | $ 37,002 | $ 42,106 | |
Trademark [member] | Gross assets [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | 51,432 | 51,417 | 47,209 |
Trademark [member] | Accumulated depreciation, amortisation and impairment [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | $ (14,430) | $ (9,311) | |
Customer relationship [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Useful life years | 12 Years | 12 Years | |
Remaining amortization years | 10 years | 11 years | |
Net balance | $ 69,259 | $ 76,038 | |
Customer relationship [member] | Gross assets [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | 93,591 | 91,046 | 89,827 |
Customer relationship [member] | Accumulated depreciation, amortisation and impairment [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | $ (24,332) | $ (15,008) | |
Core deposit [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Useful life years | 9 Years | 9 Years | |
Remaining amortization years | 7 years | 8 years | |
Net balance | $ 164,363 | $ 187,183 | |
Core deposit [member] | Gross assets [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | 238,184 | 233,489 | 222,690 |
Core deposit [member] | Accumulated depreciation, amortisation and impairment [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | (73,821) | (46,306) | |
Other intangible assets [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | $ 494 | $ 646 | |
Other intangible assets [member] | Gross assets [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Useful life years | 10 Years | 10 Years | |
Remaining amortization years | 1 year | 1 year | |
Net balance | $ 3,645 | $ 3,645 | $ 817 |
Other intangible assets [member] | Accumulated depreciation, amortisation and impairment [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | $ (3,151) | $ (2,999) |
Intangible Assets - Schedule _2
Intangible Assets - Schedule of Movement of Intangible Assets (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | $ 1,562,654 | |
Ending, balances | 1,570,964 | $ 1,562,654 |
Gross assets [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | 1,751,814 | 1,745,368 |
Acquisitions | 58,196 | 42,903 |
Disposals | (147) | (123) |
Exchange differences | 18,161 | (36,334) |
Ending, balances | 1,828,024 | 1,751,814 |
Gross assets [member] | Computer software [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | 203,080 | 162,385 |
Acquisitions | 58,085 | 42,867 |
Disposals | (147) | (123) |
Exchange differences | 2,161 | (2,049) |
Ending, balances | 263,179 | 203,080 |
Gross assets [member] | IT projects and licenses [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | 42,474 | 42,447 |
Acquisitions | 111 | 36 |
Exchange differences | 16 | (9) |
Ending, balances | 42,601 | 42,474 |
Gross assets [member] | Assets generated in business combination [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | 375,952 | 391,583 |
Exchange differences | 7,255 | (15,631) |
Ending, balances | 383,207 | 375,952 |
Gross assets [member] | Goodwills [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | 1,126,663 | 1,145,308 |
Exchange differences | 8,729 | (18,645) |
Ending, balances | 1,135,392 | 1,126,663 |
Gross assets [member] | Other intangible assets [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | 3,645 | 3,645 |
Ending, balances | $ 3,645 | $ 3,645 |
Intangible Assets - Schedule _3
Intangible Assets - Schedule of Movements of Accumulated Amortization of Intangible Assets (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | $ 1,562,654 | |
Ending, balances | 1,570,964 | $ 1,562,654 |
Accumulated depreciation, amortisation and impairment [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | (189,160) | (130,893) |
Amortization for the year | (66,158) | (62,475) |
Exchange differences | (1,742) | 4,208 |
Ending, balances | (257,060) | (189,160) |
Accumulated depreciation, amortisation and impairment [member] | Computer software [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | (89,725) | (75,061) |
Amortization for the year | (20,868) | (16,607) |
Exchange differences | (746) | 1,943 |
Ending, balances | (111,339) | (89,725) |
Accumulated depreciation, amortisation and impairment [member] | IT projects and licenses [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | (25,811) | (21,147) |
Amortization for the year | (4,164) | (4,672) |
Exchange differences | (12) | 8 |
Ending, balances | (29,987) | (25,811) |
Accumulated depreciation, amortisation and impairment [member] | Assets generated in business combination [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | (70,625) | (31,857) |
Amortization for the year | (40,976) | (41,038) |
Exchange differences | (982) | 2,270 |
Ending, balances | (112,583) | (70,625) |
Accumulated depreciation, amortisation and impairment [member] | Other projects [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | (2,999) | (2,828) |
Amortization for the year | (150) | (158) |
Exchange differences | (2) | (13) |
Ending, balances | $ (3,151) | $ (2,999) |
Property, Plant and Equipment -
Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | $ 95,564 | $ 130,579 | $ 121,043 |
Gross assets [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | 196,474 | 234,272 | 212,722 |
Accumulated Depreciation [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | $ (100,910) | $ (103,693) | (91,679) |
Land Buildings And Equipment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Useful life years | 19 Years | 25 Years | |
Remaining depreciation years | 14 years | 16 years | |
Net Balance | $ 43,065 | $ 83,151 | 78,034 |
Land Buildings And Equipment [member] | Gross assets [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | 65,843 | 118,481 | 107,989 |
Land Buildings And Equipment [member] | Accumulated Depreciation [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | $ (22,778) | $ (35,330) | (29,955) |
Equipment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Useful life years | 3 Years | 5 Years | |
Remaining depreciation years | 1 year | 1 year | |
Net Balance | $ 32,607 | $ 25,160 | 25,997 |
Equipment [member] | Gross assets [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | 80,383 | 65,018 | 62,007 |
Equipment [member] | Accumulated Depreciation [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | $ (47,776) | $ (39,858) | (36,010) |
Other [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Useful life years | 3 Years | 8 Years | |
Remaining depreciation years | 2 years | 3 years | |
Net Balance | $ 19,892 | $ 22,268 | 17,012 |
Other [member] | Gross assets [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | 50,248 | 50,773 | 42,726 |
Other [member] | Accumulated Depreciation [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | (30,356) | (28,505) | (25,714) |
Furniture [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | 9,373 | 10,357 | 8,418 |
Furniture [Member] | Gross assets [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | 27,440 | 27,860 | |
Furniture [Member] | Accumulated Depreciation [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | (18,067) | (17,503) | |
Leasehold improvements [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | 50 | ||
Leasehold improvements [member] | Gross assets [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | 28 | 28 | |
Leasehold improvements [member] | Accumulated Depreciation [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | (28) | (28) | |
Others [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | 10,519 | 11,911 | $ 8,544 |
Others [member] | Gross assets [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | 22,780 | 22,885 | |
Others [member] | Accumulated Depreciation [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | $ (12,261) | $ (10,974) |
Property, Plant and Equipment_2
Property, Plant and Equipment - Schedule of Movement of Property, Plant and Equipment (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning, balances | $ 130,579 | $ 121,043 |
Ending, balances | 95,564 | 130,579 |
Land Buildings And Equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning, balances | 83,151 | 78,034 |
Ending, balances | 43,065 | 83,151 |
Equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning, balances | 25,160 | 25,997 |
Ending, balances | 32,607 | 25,160 |
Other [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning, balances | 22,268 | 17,012 |
Ending, balances | 19,892 | 22,268 |
Gross assets [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning, balances | 234,272 | 212,722 |
Acquisitions | 24,756 | 44,252 |
Sales and/or disposals for the year | (19,531) | (15,829) |
Reclassification to assets held for sale (*) | (45,325) | |
Exchange differences | 2,302 | (6,873) |
Ending, balances | 196,474 | 234,272 |
Gross assets [member] | Land Buildings And Equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning, balances | 118,481 | 107,989 |
Acquisitions | 6,207 | 27,125 |
Sales and/or disposals for the year | (14,010) | (12,636) |
Reclassification to assets held for sale (*) | (45,123) | |
Exchange differences | 288 | (3,997) |
Ending, balances | 65,843 | 118,481 |
Gross assets [member] | Equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning, balances | 65,018 | 62,007 |
Acquisitions | 16,253 | 7,853 |
Sales and/or disposals for the year | (2,334) | (2,241) |
Reclassification to assets held for sale (*) | (101) | |
Exchange differences | 1,547 | (2,601) |
Ending, balances | 80,383 | 65,018 |
Gross assets [member] | Other [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning, balances | 50,773 | 42,726 |
Acquisitions | 2,296 | 9,274 |
Sales and/or disposals for the year | (3,187) | (952) |
Reclassification to assets held for sale (*) | (101) | |
Exchange differences | 467 | (275) |
Ending, balances | $ 50,248 | $ 50,773 |
Property, Plant and Equipment_3
Property, Plant and Equipment - Schedule of Movements of Accumulated Depreciation of Property, Plant and Equipment (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning, balances | $ 130,579 | $ 121,043 |
Ending, balances | 95,564 | 130,579 |
Land Buildings And Equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning, balances | 83,151 | 78,034 |
Ending, balances | 43,065 | 83,151 |
Equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning, balances | 25,160 | 25,997 |
Ending, balances | 32,607 | 25,160 |
Other [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning, balances | 22,268 | 17,012 |
Ending, balances | 19,892 | 22,268 |
Accumulated Depreciation [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning, balances | (103,693) | (91,679) |
Depreciation for the year | (20,659) | (19,370) |
Sales and/or disposals for the year | 11,462 | 2,659 |
Reclassification to assets held for sale (*) | (2,575) | |
Exchange differences | 14,583 | 4,724 |
Impairment | (28) | (27) |
Ending, balances | (100,910) | (103,693) |
Accumulated Depreciation [Member] | Land Buildings And Equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning, balances | (35,330) | (29,955) |
Depreciation for the year | (7,833) | (7,218) |
Sales and/or disposals for the year | 6,796 | |
Reclassification to assets held for sale (*) | (883) | |
Exchange differences | 14,472 | 1,843 |
Ending, balances | (22,778) | (35,330) |
Accumulated Depreciation [Member] | Equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning, balances | (39,858) | (36,010) |
Depreciation for the year | (9,182) | (8,054) |
Sales and/or disposals for the year | 2,237 | 2,178 |
Reclassification to assets held for sale (*) | (987) | |
Exchange differences | 42 | 2,055 |
Impairment | (28) | (27) |
Ending, balances | (47,776) | (39,858) |
Accumulated Depreciation [Member] | Other [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning, balances | (28,505) | (25,714) |
Depreciation for the year | (3,644) | (4,098) |
Sales and/or disposals for the year | 2,429 | 481 |
Reclassification to assets held for sale (*) | (705) | |
Exchange differences | 69 | 826 |
Ending, balances | $ (30,356) | $ (28,505) |
Property, Plant and Equipment_4
Property, Plant and Equipment - Schedule of Future Operating Lease Payments for Land, Buildings and Equipment (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Future Operating Lease Payments Land, Buildings and Equipment | $ 137,203 | $ 203,165 |
Land Buildings And Equipment [member] | 1 year [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Future Operating Lease Payments Land, Buildings and Equipment | 23,140 | 23,021 |
Land Buildings And Equipment [member] | Later than one year and not later than five years [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Future Operating Lease Payments Land, Buildings and Equipment | 59,171 | 76,949 |
Land Buildings And Equipment [member] | Later than five years [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Future Operating Lease Payments Land, Buildings and Equipment | $ 54,892 | $ 103,195 |
Property, Plant and Equipment_5
Property, Plant and Equipment - Future Financial Leasing Payments for Land, Buildings and Equipment (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Future Financial Leasing Payments Land, Buildings and Equipment | $ 236,628 | $ 96,538 |
Land Buildings And Equipment [member] | 1 year [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Future Financial Leasing Payments Land, Buildings and Equipment | 9,373 | 9,078 |
Land Buildings And Equipment [member] | Later than one year and not later than five years [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Future Financial Leasing Payments Land, Buildings and Equipment | 181,804 | 43,730 |
Land Buildings And Equipment [member] | Later than five years [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Future Financial Leasing Payments Land, Buildings and Equipment | $ 45,451 | $ 43,730 |
Current Taxes and Deferred Ta_3
Current Taxes and Deferred Taxes - Additional Income (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of geographical areas [abstract] | ||
Net provision for current taxes | $ 121,938 | $ 237,828 |
Current Taxes and Deferred Ta_4
Current Taxes and Deferred Taxes - Schedule of Effect of Current Taxes Assets and Liabilities By Geographic Area (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of geographical areas [line items] | ||
Current tax assets | $ 123,129 | $ 238,452 |
Current tax liabilities | (1,191) | (624) |
Totas, net | 121,938 | 237,828 |
Chile [member] | ||
Disclosure of geographical areas [line items] | ||
Current tax assets | 68,094 | 202,093 |
Current tax liabilities | (528) | (624) |
Totas, net | 67,566 | 201,469 |
Colombia [member] | ||
Disclosure of geographical areas [line items] | ||
Current tax assets | 52,874 | 36,359 |
Current tax liabilities | (663) | |
Totas, net | 52,211 | $ 36,359 |
United States [member] | ||
Disclosure of geographical areas [line items] | ||
Current tax assets | 2,161 | |
Totas, net | $ 2,161 |
Current Taxes and Deferred Ta_5
Current Taxes and Deferred Taxes - Schedule of Details of Current Tax Items by Geographical Area (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of geographical areas [line items] | ||
Income tax | $ (95,760) | $ (19,689) |
Monthly Provisional Payment | 22,968 | 52,469 |
Tax Credit for Training Costs | 800 | |
Tax Credit Donations | 745 | 831 |
Other taxes to be recovered | 193,185 | 204,217 |
Totals | 121,938 | 237,828 |
Chile [member] | ||
Disclosure of geographical areas [line items] | ||
Income tax | (81,487) | (8,332) |
Monthly Provisional Payment | 21,424 | 49,529 |
Tax Credit for Training Costs | 800 | |
Tax Credit Donations | 745 | 831 |
Other taxes to be recovered | 126,084 | 159,441 |
Totals | 67,566 | 201,469 |
United States [member] | ||
Disclosure of geographical areas [line items] | ||
Other taxes to be recovered | 2,161 | |
Totals | 2,161 | |
Colombia [member] | ||
Disclosure of geographical areas [line items] | ||
Income tax | (14,273) | (11,357) |
Monthly Provisional Payment | 1,544 | 2,940 |
Other taxes to be recovered | 64,940 | 44,776 |
Totals | $ 52,211 | $ 36,359 |
Current Taxes and Deferred Ta_6
Current Taxes and Deferred Taxes - Schedule Of Effect On Income (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Income tax expense | |||
Current tax expense | $ (95,760) | $ (19,689) | $ (19,326) |
Deferred taxes | |||
Deferred tax expenses | 28,110 | 74,611 | 23,105 |
Subtotals | (67,650) | 54,922 | 3,779 |
Others | 591 | (2,051) | (211) |
Net expense for income taxes | $ (67,059) | $ 52,871 | $ 3,568 |
Current Taxes and Deferred Ta_7
Current Taxes and Deferred Taxes - Schedule of Nominal Tax Rates of Countries Where Consolidated Subsidiaries Located (Detail) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of geographical areas [line items] | |||
Rate | 27.00% | 25.50% | 24.00% |
Chile [member] | |||
Disclosure of geographical areas [line items] | |||
Rate | 27.00% | 25.50% | 24.00% |
Colombia [member] | |||
Disclosure of geographical areas [line items] | |||
Rate | 37.00% | 40.00% | 40.00% |
United States [member] | |||
Disclosure of geographical areas [line items] | |||
Rate | 21.00% | 35.00% | 35.00% |
Current Taxes and Deferred Ta_8
Current Taxes and Deferred Taxes - Schedule Of Effective Tax Rate Reconciliation (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of geographical areas [line items] | |||
Amount calculated by using the statutory rates | 27.00% | 25.50% | 24.00% |
Equity price level restatement for tax purposes | (9.49%) | (141.93%) | (129.59%) |
Local tax for USA and Panama income | 0.02% | (98.46%) | 57.55% |
Tax Reform USA 35%-21% | 95.21% | ||
Penalty fee SBIF | 0.69% | ||
Permanent and other differences (*) | (3.33%) | (162.11%) | 128.80% |
Totals | 28.67% | (531.14%) | (32.72%) |
Amount calculated by using the statutory rates | $ (63,157) | $ (2,538) | $ (2,617) |
Equity price level restatement for tax purposes | 22,188 | 14,128 | 14,132 |
Local tax for USA and Panama income | (54) | 9,801 | (6,276) |
Tax Reform USA 35%-21% | (9,477) | ||
Penalty fee SBIF | (1,616) | ||
Permanent and other differences | 7,799 | 16,136 | (14,046) |
Net expense for income taxes | $ (67,059) | $ 52,871 | $ 3,568 |
Colombia [member] | |||
Disclosure of geographical areas [line items] | |||
Amount calculated by using the statutory rates | 37.00% | 40.00% | 40.00% |
Exchange differences due to investments in Colombia | 13.47% | (204.84%) | (1.06%) |
Effect of rate change | (0.01%) | 47.07% | (21.57%) |
Effect of rates subsidiary | 0.50% | (54.55%) | (34.06%) |
Exchange differences due to investments in Colombia | $ (31,499) | $ 20,390 | $ 116 |
Effect of rate change | 20 | (4,685) | 2,352 |
Effect of rates subsidiary | (1,173) | 5,430 | 3,714 |
Net expense for income taxes | $ 18,210 | $ 21,683 | $ 3,652 |
Chile [member] | |||
Disclosure of geographical areas [line items] | |||
Amount calculated by using the statutory rates | 27.00% | 25.50% | 24.00% |
Effect of rate change | (51.68%) | (36.27%) | |
Effect of rate change | $ 5,144 | $ 3,955 | |
Net expense for income taxes | $ (85,269) | $ 31,188 | $ (84) |
New York [member] | |||
Disclosure of geographical areas [line items] | |||
Effect of rates subsidiary | (0.18%) | 14.65% | (20.52%) |
Effect of rates subsidiary | $ 433 | $ (1,458) | $ 2,238 |
Current Taxes and Deferred Ta_9
Current Taxes and Deferred Taxes - Schedule Of Effective Tax Rate Reconciliation (Parenthetical) (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Itau Unibanco [member] | Colombia [member] | |||
Disclosure of geographical areas [line items] | |||
Tax effect of goodwill from business combinations | $ 11,276 | $ 20,568 | $ 14,276 |
Current Taxes and Deferred T_10
Current Taxes and Deferred Taxes - Schedule of "OCI" that may be Reclassified Subsequent to Profit or Loss (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Income Taxes [abstract] | |||
Financial instruments at fair value through other comprehensive income | $ (2,172) | ||
Available for sale investments | $ (3,333) | $ (4,025) | |
Hedge of a net investment in foreign operations | 10,565 | (14,211) | (2,685) |
Cash flow hedge | (1,669) | 44 | 1,345 |
Total charge to other comprehensive income | 6,724 | (17,500) | (5,365) |
Income tax relating to defined benefit obligation | (44) | (6) | 1,090 |
Total charge to other comprehensive income | $ (44) | $ (6) | $ 1,090 |
Current Taxes and Deferred T_11
Current Taxes and Deferred Taxes - Summary of Effect for Deferred Taxes Presented Assets and Liabilities (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of deferred income taxes [line items] | ||
Allowances for loan losses | $ 124,408 | $ 123,100 |
Accrued interest on past due portfolio | 7,377 | 6,970 |
Unearned price differences | 288 | 220 |
Personnel provisions | 18,065 | 12,550 |
Miscellaneous provisions | 51,033 | 34,028 |
Tax losses | 62,685 | 71,919 |
Net tax value of amortizable assets | 14,739 | 20,683 |
Depreciation of property, plant and equipment | (42,581) | (45,856) |
Lease division and others | 19,261 | 29,567 |
Mark to market of financial instruments | (26,683) | (38,989) |
Itaú-Corpbanca business combination | (61,521) | (68,297) |
Others | 11,144 | (31,564) |
Totals assets (liabilities) for deferred taxes | 178,215 | 114,331 |
Deferred Income Tax Assets [member] | ||
Disclosure of deferred income taxes [line items] | ||
Allowances for loan losses | 124,408 | 105,479 |
Accrued interest on past due portfolio | 7,377 | 6,970 |
Unearned price differences | 288 | 220 |
Personnel provisions | 18,220 | 7,891 |
Miscellaneous provisions | 51,033 | 29,803 |
Tax losses | 62,685 | 25,753 |
Net tax value of amortizable assets | 14,739 | 20,683 |
Depreciation of property, plant and equipment | (42,581) | (34,169) |
Lease division and others | 19,261 | 25,392 |
Mark to market of financial instruments | (26,821) | (12,259) |
Itaú-Corpbanca business combination | (61,521) | (18,139) |
Others | 11,598 | (16,939) |
Totals assets (liabilities) for deferred taxes | 178,686 | 140,685 |
Deferred income tax liabilities [member] | ||
Disclosure of deferred income taxes [line items] | ||
Allowances for loan losses | 17,621 | |
Personnel provisions | (155) | 4,659 |
Miscellaneous provisions | 4,225 | |
Tax losses | 46,166 | |
Depreciation of property, plant and equipment | (11,687) | |
Lease division and others | 4,175 | |
Mark to market of financial instruments | 138 | (26,730) |
Itaú-Corpbanca business combination | (50,158) | |
Others | (454) | (14,625) |
Totals assets (liabilities) for deferred taxes | $ (471) | $ (26,354) |
Current Taxes and Deferred T_12
Current Taxes and Deferred Taxes - Schedule of Deferred Taxes (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of geographical areas [line items] | ||
Deferred tax assets | $ 178,686 | $ 140,685 |
Deferred tax liabilities | (471) | (26,354) |
Net by geographic area | 178,215 | 114,331 |
Chile [member] | ||
Disclosure of geographical areas [line items] | ||
Deferred tax assets | 130,883 | 125,917 |
Deferred tax liabilities | (53) | |
Net by geographic area | 130,883 | 125,864 |
United States [member] | ||
Disclosure of geographical areas [line items] | ||
Deferred tax assets | 20,311 | 14,768 |
Net by geographic area | 20,311 | 14,768 |
Colombia [member] | ||
Disclosure of geographical areas [line items] | ||
Deferred tax assets | 27,492 | |
Deferred tax liabilities | (471) | (26,301) |
Net by geographic area | $ 27,021 | $ (26,301) |
Current Taxes and Deferred T_13
Current Taxes and Deferred Taxes - Schedule of Effects of Deferred Taxes on Assets and Liabilities (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of geographical areas [line items] | ||
Allowances for loan losses | $ 124,408 | $ 123,100 |
Accrued interest on past due portfolio | 7,377 | 6,970 |
Unearned price differences | 288 | 220 |
Personnel provisions | 18,065 | 12,550 |
Miscellaneous provisions | 51,033 | 34,028 |
Tax losses | 62,685 | 71,919 |
Net tax value of amortizable assets | 14,739 | 20,683 |
Depreciation of property, plant and equipment | (42,581) | (45,856) |
Lease division and others | 19,261 | 29,567 |
Mark to market of financial instruments | (26,683) | (38,989) |
Itaú-Corpbanca business combination | (61,521) | (68,297) |
Others | 11,144 | (31,564) |
Totals assets (liabilities), net | 178,215 | 114,331 |
Chile [member] | ||
Disclosure of geographical areas [line items] | ||
Allowances for loan losses | 99,621 | 93,864 |
Accrued interest on past due portfolio | 7,377 | 6,970 |
Unearned price differences | 288 | 220 |
Personnel provisions | 13,871 | 7,829 |
Miscellaneous provisions | 43,824 | 28,582 |
Tax losses | 2,460 | 16,607 |
Net tax value of amortizable assets | 14,739 | 20,683 |
Depreciation of property, plant and equipment | (37,513) | (34,308) |
Lease division and others | 9,422 | 25,392 |
Mark to market of financial instruments | (6,535) | (12,259) |
Itaú-Corpbanca business combination | (16,613) | (18,139) |
Others | (58) | (9,577) |
Totals assets (liabilities), net | 130,883 | 125,864 |
United States [member] | ||
Disclosure of geographical areas [line items] | ||
Allowances for loan losses | (4,531) | 11,615 |
Personnel provisions | 139 | 282 |
Miscellaneous provisions | 3,843 | 1,221 |
Tax losses | 11,034 | 9,146 |
Others | 9,826 | (7,496) |
Totals assets (liabilities), net | 20,311 | 14,768 |
Colombia [member] | ||
Disclosure of geographical areas [line items] | ||
Allowances for loan losses | 29,318 | 17,621 |
Personnel provisions | 4,055 | 4,439 |
Miscellaneous provisions | 3,366 | 4,225 |
Tax losses | 49,191 | 46,166 |
Depreciation of property, plant and equipment | (5,068) | (11,548) |
Lease division and others | 9,839 | 4,175 |
Mark to market of financial instruments | (20,148) | (26,730) |
Itaú-Corpbanca business combination | (44,908) | (50,158) |
Others | 1,376 | (14,491) |
Totals assets (liabilities), net | $ 27,021 | $ (26,301) |
Other Assets and Assets Non-c_3
Other Assets and Assets Non-current Assets Held for Sale - Schedule of Other Assets (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Of Other Assets And Non Current Assets Held For Sale [abstract] | ||
Assets for leasing | $ 33,991 | $ 25,741 |
Other assets | 467,806 | 403,284 |
Deposits in guarantee | 30,016 | 28,539 |
Accounts and notes receivable | 147,248 | 167,450 |
Rights on brokerage transactions | 52,361 | 33,247 |
Repossessed assets from leasing transactions | 5,368 | 9,733 |
Hedge accounting valuation adjustments | 12,800 | 13,980 |
Rentals paid in advance | 5,698 | 7,960 |
Prepaid expenses | 19,674 | 13,501 |
Collateral for financial transactions (threshold) | 155,641 | 88,520 |
Claims receivable from insurance companies | 360 | 690 |
Asset management fees receivable | 1,496 | 986 |
Insurance brokerage fees receivable | 6,537 | 4,236 |
Other assets | 30,607 | 34,442 |
Totals | $ 501,797 | $ 429,025 |
Other Asset and Assets Non-curr
Other Asset and Assets Non-current Assets Held for Sale - Schedule of Non-Current Assets (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Of Other Assets And Non Current Assets Held For Sale [abstract] | ||
Assets received in lieu of payment | $ 29,060 | $ 18,308 |
Property, plant and equipment held for sale | 30,742 | |
Totals | $ 59,802 | $ 18,308 |
Deposits and Other Demand Lia_3
Deposits and Other Demand Liabilities and Time Deposits - Schedule of Deposits and Other Demand Liabilities (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Deposits And Other Demand Liabilities [abstract] | ||
Checking accounts | $ 2,570,436 | $ 2,473,283 |
Other deposits and demand accounts | 1,396,573 | 1,363,017 |
Advance payments received from customers | 79,801 | 131,169 |
Other demand liabilities | 253,665 | 174,198 |
Totals | $ 4,300,475 | $ 4,141,667 |
Deposits and Other Demand Lia_4
Deposits and Other Demand Liabilities and Time Deposits - Schedule of Time Deposits and Other Time Liabilities (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Time Deposits and Other Time Liabilities [abstract] | ||
Time deposits | $ 10,093,703 | $ 10,036,583 |
Time savings accounts | 27,156 | 28,410 |
Other time liabilities | 252 | 250 |
Totals | $ 10,121,111 | $ 10,065,243 |
Interbank Borrowings - Schedule
Interbank Borrowings - Schedule of Interbank Borrowings (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about borrowings [line items] | ||
Total | $ 2,327,723 | $ 2,196,130 |
Loans obtained from local financial institutions [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 5,863 | 21,958 |
Loans obtained from local financial institutions [member] | Banco de Chile [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 21,958 | |
Loans obtained from local financial institutions [member] | Banco BTG Pactual Chile [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 5,863 | |
Loans obtained from foreign financial institutions [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 2,321,860 | 2,174,172 |
Loans obtained from foreign financial institutions [member] | Sumitomo Mitsui Banking Corporation [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 242,883 | 145,156 |
Loans obtained from foreign financial institutions [member] | Wells Fargo Bank, N.A. [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 209,615 | 157,029 |
Loans obtained from foreign financial institutions [member] | Credicorp capital SASAF [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 175,326 | 125,706 |
Loans obtained from foreign financial institutions [member] | Bank of America, N.A. [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 153,546 | 248,514 |
Loans obtained from foreign financial institutions [member] | IFC International Finance Corporation [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 145,817 | 187,507 |
Loans obtained from foreign financial institutions [member] | Citibank N.A. [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 118,975 | 168,232 |
Loans obtained from foreign financial institutions [member] | Scotia Fondos Sociedad Administradora de Fondos S.A. [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 108,979 | 62,205 |
Loans obtained from foreign financial institutions [member] | Bank of Montreal [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 106,586 | 42,836 |
Loans obtained from foreign financial institutions [member] | Andean Development Corporation [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 104,273 | 30,724 |
Loans obtained from foreign financial institutions [member] | BNP Paribas [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 91,072 | 39,480 |
Loans obtained from foreign financial institutions [member] | Banco Credito del Peru [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 90,022 | 31,031 |
Loans obtained from foreign financial institutions [member] | Bancoldex S.A Colombia [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 80,394 | 100,834 |
Loans obtained from foreign financial institutions [member] | Commerzbank AG [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 75,032 | 89,274 |
Loans obtained from foreign financial institutions [member] | BBVA Asset Management Continental S.A.Peru [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 73,481 | 39,791 |
Loans obtained from foreign financial institutions [member] | Standard Chartered Bank [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 68,169 | 140,397 |
Loans obtained from foreign financial institutions [member] | Bank of Nova Scotia [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 65,802 | 65,442 |
Loans obtained from foreign financial institutions [member] | Latin American Export Bank [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 52,817 | 57,132 |
Loans obtained from foreign financial institutions [member] | Interfunds S.A. Fund Management Company [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 45,149 | 19,906 |
Loans obtained from foreign financial institutions [member] | HSBC USA [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 43,214 | 15,362 |
Loans obtained from foreign financial institutions [member] | Findeter S.A - Financiera del Desarrollo Territorial [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 38,364 | 49,528 |
Loans obtained from foreign financial institutions [member] | Cobank CB [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 33,850 | 9,108 |
Loans obtained from foreign financial institutions [member] | Mizuho corporate bank [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 31,763 | 39,480 |
Loans obtained from foreign financial institutions [member] | Ing Bank NV [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 30,874 | 16,965 |
Loans obtained from foreign financial institutions [member] | Apple Bank for Saving [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 18,147 | 12,290 |
Loans obtained from foreign financial institutions [member] | Bancaribe curacao Bank n.v. [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 12,694 | 13,831 |
Loans obtained from foreign financial institutions [member] | Export Development Canada [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 11,199 | 30,724 |
Loans obtained from foreign financial institutions [member] | Bank of Bogota [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 8,560 | 4,118 |
Loans obtained from foreign financial institutions [member] | China Construction Bank [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 5,155 | 14,133 |
Loans obtained from foreign financial institutions [member] | FONDOS SURA SAF S.A.C. [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 2,827 | 25,436 |
Loans obtained from foreign financial institutions [member] | Shanghai Commercial and Savings Bank [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 2,244 | 6,145 |
Loans obtained from foreign financial institutions [member] | The Export IM Apple Bank for saving [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 2,244 | 6,145 |
Loans obtained from foreign financial institutions [member] | Bayern Landesbank [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 2,237 | 11,245 |
Loans obtained from foreign financial institutions [member] | Banco Republica [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 1,805 | 15,119 |
Loans obtained from foreign financial institutions [member] | Scotiabank Peru S.A [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 1,457 | |
Loans obtained from foreign financial institutions [member] | Financial Development Corporation S.A Cofide [ member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 10,407 | |
Loans obtained from foreign financial institutions [member] | Mercantil CA Banco Universal [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 17,395 | |
Loans obtained from foreign financial institutions [member] | Deg Deutsche Investitions [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 21,410 | |
Loans obtained from foreign financial institutions [member] | Kookmin Bank of New York [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 12,324 | |
Loans obtained from foreign financial institutions [member] | Other banks [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | $ 67,288 | $ 91,811 |
Interbank Borrowings - Schedu_2
Interbank Borrowings - Schedule of Interbank Borrowings from Financial Institutions by Maturity (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about borrowings [line items] | ||
Total | $ 2,327,723 | $ 2,196,130 |
1 year [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 1,829,814 | 1,475,588 |
Due within 1 and 2 Year [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 319,870 | 422,911 |
2 year [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 17,595 | 106,260 |
3 year [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 77,993 | 15,154 |
4 year [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 11,644 | 73,536 |
Later than five years [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | $ 70,807 | $ 102,681 |
Debt Instruments Issued and O_3
Debt Instruments Issued and Other Financial Liabilities - Schedule of Composition (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Debt instruments issued | ||
Debt instruments issued | $ 6,010,124 | $ 5,950,038 |
Other financial liabilities | ||
Other financial liabilities | 12,400 | 17,066 |
Totals | 6,022,524 | 5,967,104 |
Mortgage finance bonds [member] | ||
Debt instruments issued | ||
Debt instruments issued | 53,463 | 67,938 |
Senior bond [member] | ||
Debt instruments issued | ||
Debt instruments issued | 4,882,341 | 4,840,918 |
Subordinated Bonds [member] | ||
Debt instruments issued | ||
Debt instruments issued | 1,074,320 | 1,041,182 |
Public Sector Liabilities [member] | ||
Other financial liabilities | ||
Other financial liabilities | 10 | |
Borrowings From Domestic Financial Institutions [member] | ||
Other financial liabilities | ||
Other financial liabilities | $ 12,390 | 16,255 |
Foreign Borrowings [member] | ||
Other financial liabilities | ||
Other financial liabilities | $ 811 |
Debt Instruments Issued and O_4
Debt Instruments Issued and Other Financial Liabilities - Schedule of Debt Classified (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about borrowings [line items] | ||
Debt instruments issued | $ 6,010,124 | $ 5,950,038 |
Other financial liabilities | 12,400 | 17,066 |
Mortgage finance bonds [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt instruments issued | 53,463 | 67,938 |
Senior bond [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt instruments issued | 4,882,341 | 4,840,918 |
Subordinated Bonds [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt instruments issued | 1,074,320 | 1,041,182 |
Long term debts [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt instruments issued | 5,315,766 | 5,275,173 |
Long term debts [member] | Mortgage finance bonds [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt instruments issued | 43,029 | 55,678 |
Long term debts [member] | Senior bond [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt instruments issued | 4,220,626 | 4,178,313 |
Long term debts [member] | Subordinated Bonds [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt instruments issued | 1,052,111 | 1,041,182 |
Short term debts [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt instruments issued | 694,358 | 674,865 |
Other financial liabilities | 12,400 | 17,066 |
Short term debts [member] | Mortgage finance bonds [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt instruments issued | 10,434 | 12,260 |
Short term debts [member] | Senior bond [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt instruments issued | 661,715 | $ 662,605 |
Short term debts [member] | Subordinated Bonds [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt instruments issued | $ 22,209 |
Debt Instruments Issued and O_5
Debt Instruments Issued and Other Financial Liabilities - Summary of Maturities for Mortgage Finance Bonds (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about borrowings [line items] | ||
Debt maturity | $ 6,010,124 | $ 5,950,038 |
Mortgage finance bonds [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt maturity | 53,463 | 67,938 |
1 year [member] | Mortgage finance bonds [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt maturity | 10,434 | 12,260 |
Due within 1 and 2 Year [member] | Mortgage finance bonds [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt maturity | 7,612 | 9,965 |
2 year [member] | Mortgage finance bonds [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt maturity | 7,092 | 8,114 |
3 year [member] | Mortgage finance bonds [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt maturity | 6,516 | 7,554 |
4 year [member] | Mortgage finance bonds [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt maturity | 5,908 | 6,952 |
Later than five years [member] | Mortgage finance bonds [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt maturity | $ 15,901 | $ 23,093 |
Debt Instruments Issued and O_6
Debt Instruments Issued and Other Financial Liabilities - Schedule of Senior Bonds, by Currency (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | $ 6,010,124 | $ 5,950,038 |
Senior bond [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 4,882,341 | 4,840,918 |
Hungary, Forint | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 3,381,318 | |
Hungary, Forint | Senior bond [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 3,568,532 | 3,258,201 |
CLP [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 1,179,526 | |
CLP [member] | Senior bond [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 416,116 | 373,135 |
USD [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 923,718 | |
USD [member] | Senior bond [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 529,363 | 923,718 |
COP [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 465,476 | |
COP [member] | Senior bond [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | $ 368,330 | $ 285,864 |
Debt Instruments Issued and O_7
Debt Instruments Issued and Other Financial Liabilities - Schedule of Maturities for Senior Bonds (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | $ 6,010,124 | $ 5,950,038 |
Senior bond [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 4,882,341 | 4,840,918 |
Senior bond [member] | 1 year [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 661,715 | 662,605 |
Senior bond [member] | Due within 1 and 2 Year [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 637,595 | 516,061 |
Senior bond [member] | 2 year [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 216,695 | 653,601 |
Senior bond [member] | 3 year [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 446,323 | 199,908 |
Senior bond [member] | 4 year [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 276,047 | 312,597 |
Senior bond [member] | Later than five years [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | $ 2,643,966 | $ 2,496,146 |
Debt Instruments Issued and O_8
Debt Instruments Issued and Other Financial Liabilities - Summary of Senior Bonds Issued (Detail) - Senior bond [member] - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Hungary, Forint | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 11,450,000 | $ 33,000,000 |
Hungary, Forint | BCORAQ0710 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Currency | UF | |
Amount | $ 2,000,000 | |
Term | 10 years and 4 months | |
Issuance rate | 3% annual | |
Placement date | 02/06/2018 | |
Maturity date | 07/01/2028 | |
Hungary, Forint | BCORAR0710 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Currency | UF | |
Amount | $ 2,450,000 | |
Term | 11 years and 4 months | |
Issuance rate | 3% annual | |
Placement date | 02/21/2018 | |
Maturity date | 07/01/2029 | |
Hungary, Forint | BCORAR0710 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Currency | UF | |
Amount | $ 5,000,000 | |
Term | 11 years and 4 months | |
Issuance rate | 3% annual | |
Placement date | 03/14/2018 | |
Maturity date | 07/01/2029 | |
Hungary, Forint | BCORAN0710 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Currency | UF | |
Amount | $ 2,000,000 | |
Term | 7 years and 5 months | |
Issuance rate | 3% annual | |
Placement date | 06/05/2018 | |
Maturity date | 07/01/2025 | |
Hungary, Forint | BCORAO0710 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Currency | UF | |
Amount | $ 2,900,000 | |
Term | 9 years and 6 months | |
Issuance rate | 3% annual | |
Placement date | 01/03/2017 | |
Maturity date | 07/01/2026 | |
Hungary, Forint | BCORAP0710 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Currency | UF | |
Amount | $ 5,000,000 | |
Term | 10 years and 6 months | |
Issuance rate | 3% annual | |
Placement date | 01/05/2017 | |
Maturity date | 07/01/2027 | |
Hungary, Forint | BCORAP0710 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Currency | UF | |
Amount | $ 5,000,000 | |
Term | 10 years and 6 months | |
Issuance rate | 3% annual | |
Placement date | 01/10/2017 | |
Maturity date | 07/01/2027 | |
Hungary, Forint | BCORAQ0710 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Currency | UF | |
Amount | $ 3,000,000 | |
Term | 11 years and 6 months | |
Issuance rate | 3% annual | |
Placement date | 01/16/2017 | |
Maturity date | 07/01/2028 | |
Hungary, Forint | BCORAQ0710 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Currency | UF | |
Amount | $ 4,000,000 | |
Term | 11 years and 6 months | |
Issuance rate | 3% annual | |
Placement date | 01/20/2017 | |
Maturity date | 07/01/2028 | |
Hungary, Forint | BCORAQ0710 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Currency | UF | |
Amount | $ 3,000,000 | |
Term | 11 years and 6 months | |
Issuance rate | 3% annual | |
Placement date | 01/25/2017 | |
Maturity date | 07/01/2028 | |
Hungary, Forint | BCORAP0710 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Currency | UF | |
Amount | $ 3,000,000 | |
Term | 10 years and 5 months | |
Issuance rate | 3% annual | |
Placement date | 02/10/2017 | |
Maturity date | 07/01/2027 | |
Hungary, Forint | BCORAO0710 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Currency | UF | |
Amount | $ 100,000 | |
Term | 9 years and 5 months | |
Issuance rate | 3% annual | |
Placement date | 02/16/2017 | |
Maturity date | 07/01/2026 | |
Hungary, Forint | BCORAK0710 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Currency | UF | |
Amount | $ 6,000,000 | |
Term | 5 years and 3 months | |
Issuance rate | 3% annual | |
Placement date | 04/04/2017 | |
Maturity date | 07/01/2022 | |
Hungary, Forint | BCORAJ0710 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Currency | UF | |
Amount | $ 1,000,000 | |
Term | 3 years and 9 months | |
Issuance rate | 3% annual | |
Placement date | 08/25/2017 | |
Maturity date | 07/01/2021 | |
CLP [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 70,000,000,000 | $ 130,000,000,000 |
CLP [member] | BCORBY0914Member | ||
Disclosure of detailed information about borrowings [line items] | ||
Currency | CLP | |
Amount | $ 70,000,000,000 | |
Term | 4 years and 5 months | |
Issuance rate | 5% annual | |
Placement date | 04/13/2018 | |
Maturity date | 09/01/2022 | |
CLP [member] | BCORBY0914 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Currency | CLP | |
Amount | $ 30,000,000,000 | |
Term | 5 years | |
Issuance rate | 5% annual | |
Placement date | 09/25/2017 | |
Maturity date | 09/01/2022 | |
CLP [member] | BCORBZ0914 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Currency | CLP | |
Amount | $ 100,000,000,000 | |
Term | 6 years | |
Issuance rate | 5% annual | |
Placement date | 10/17/2017 | |
Maturity date | 09/01/2023 | |
COP [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 314,176,000,000 | |
COP [member] | SUBSERIE B30 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Currency | COP | |
Amount | $ 55,470,000,000 | |
Term | 3 years and 6 months | |
Issuance rate | 1.20% annual | |
Placement date | 11/22/2018 | |
Maturity date | 05/10/2021 | |
COP [member] | SUBSERIE C48 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Currency | COP | |
Amount | $ 258,706,000,000 | |
Term | 4 years | |
Issuance rate | 2.91% annual | |
Placement date | 11/22/2018 | |
Maturity date | 11/01/2022 |
Debt Instruments Issued and O_9
Debt Instruments Issued and Other Financial Liabilities - Schedule of Subordinated Bonds, by Currency (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | $ 6,010,124 | $ 5,950,038 |
Hungary, Forint | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 3,381,318 | |
CLP [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 1,179,526 | |
COP [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 465,476 | |
Subordinated Bonds [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 1,074,320 | 1,041,182 |
Subordinated Bonds [member] | Hungary, Forint | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 95,599 | 95,485 |
Subordinated Bonds [member] | CLP [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 781,925 | 766,086 |
Subordinated Bonds [member] | COP [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | $ 196,796 | $ 179,611 |
Debt Instruments Issued and _10
Debt Instruments Issued and Other Financial Liabilities - Summary of Maturities for Subordinated Bonds (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about borrowings [line items] | ||
Total | $ 6,010,124 | $ 5,950,038 |
Subordinated Bonds [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 1,074,320 | 1,041,182 |
Subordinated Bonds [member] | 1 year [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 22,209 | |
Subordinated Bonds [member] | Due within 1 and 2 Year [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 21,500 | |
Subordinated Bonds [member] | 3 year [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 18,604 | |
Subordinated Bonds [member] | 4 year [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 22,484 | 22,303 |
Subordinated Bonds [member] | Later than five years [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | $ 1,011,023 | $ 997,379 |
Debt Instruments Issued and _11
Debt Instruments Issued and Other Financial Liabilities - Summary of Others Financial Obligations (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about borrowings [line items] | ||
Amounts due to credit card transactions | $ 12,390 | $ 16,255 |
Others | 10 | |
Totals short-term financial liabilities | 12,400 | 16,255 |
After 1 year but within 2 years | 12,400 | 17,066 |
Public Sector Liabilities [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
After 1 year but within 2 years | $ 10 | |
Public Sector Liabilities [member] | 1 year [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
After 1 year but within 2 years | 811 | |
Foreign Borrowings [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
After 1 year but within 2 years | $ 811 |
Provisions - Schedule of Provis
Provisions - Schedule of Provisions (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of Other Provisions [Line Items] | |||
Totals | $ 214,903 | $ 117,889 | $ 100,048 |
Employee Related Provisions [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Totals | 99,945 | 90,559 | |
Mandatory dividends [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Totals | 51,614 | 17,234 | |
Provisions for contingent loans risk [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Totals | 45,848 | ||
Contingencies [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Totals | $ 17,496 | $ 10,096 |
Provisions - Movements in Conti
Provisions - Movements in Contingent Loans Provisions For Contingent Loan Risk According to IFRS9 (Detail) - IFRS9 [member] $ in Millions | 12 Months Ended |
Dec. 31, 2018CLP ($) | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | $ 740,573 |
- Transfers to stage 1 | (77,796) |
- Transfers to stage 2 | (43,864) |
- Transfers to stage 3 | 27,165 |
- Increases due to change in credit risk | (85,755) |
- Decreases due to change in credit risk | (61,965) |
- Charge-offs | (134,966) |
- Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | (221,176) |
Financial assets that have been derecognized | (193,074) |
Changes in models/risk parameters | (6,149) |
Foreign exchange and other movements | (9,977) |
Ending balance | 768,120 |
Individually Evaluated [Member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 82,125 |
- Increases due to change in credit risk | (20,319) |
- Decreases due to change in credit risk | (2,238) |
- Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | (23,465) |
Financial assets that have been derecognized | (35,991) |
Changes in models/risk parameters | (45,930) |
Ending balance | 133,610 |
Individually Evaluated [Member] | Contingent loans [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
- Transfers to stage 1 | (388) |
- Transfers to stage 2 | 113 |
- Transfers to stage 3 | (108) |
- Increases due to change in credit risk | 7,849 |
- Decreases due to change in credit risk | (1,783) |
- Charge-offs | 0 |
- Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 6,195 |
Financial assets that have been derecognized | (26,075) |
Changes in models/risk parameters | 0 |
Foreign exchange and other movements | 354 |
Ending balance | 45,848 |
Individually Evaluated [Member] | Contingent loans [member] | Restated [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 59,691 |
Individually Evaluated [Member] | Contingent loans [member] | After restatement [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 59,691 |
Stage1 [member] | 12-month expected credit losses [member] | Individually Evaluated [Member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
- Changes due to modifications that did not result in derecognition | 0 |
Stage1 [member] | 12-month expected credit losses [member] | Individually Evaluated [Member] | Contingent loans [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
- Transfers to stage 2 | (155) |
- Transfers to stage 3 | (42) |
- Increases due to change in credit risk | 2,283 |
- Decreases due to change in credit risk | (1,298) |
- Charge-offs | 0 |
- Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 5,104 |
Financial assets that have been derecognized | (3,763) |
Changes in models/risk parameters | 0 |
Foreign exchange and other movements | 265 |
Ending balance | 15,879 |
Stage1 [member] | 12-month expected credit losses [member] | Individually Evaluated [Member] | Contingent loans [member] | Restated [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 13,485 |
Stage1 [member] | 12-month expected credit losses [member] | Individually Evaluated [Member] | Contingent loans [member] | After restatement [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 13,485 |
Stage 2 [member] | Lifetime expected credit losses [member] | Individually Evaluated [Member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 49,389 |
- Increases due to change in credit risk | (3,732) |
- Decreases due to change in credit risk | (532) |
- Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | (6,428) |
Financial assets that have been derecognized | (20,636) |
Changes in models/risk parameters | (7,772) |
Ending balance | 46,153 |
Stage 2 [member] | Lifetime expected credit losses [member] | Individually Evaluated [Member] | Contingent loans [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
- Transfers to stage 1 | (504) |
- Transfers to stage 3 | (66) |
- Increases due to change in credit risk | 5,528 |
- Decreases due to change in credit risk | (446) |
- Charge-offs | 0 |
- Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 965 |
Financial assets that have been derecognized | (21,558) |
Changes in models/risk parameters | 0 |
Foreign exchange and other movements | 86 |
Ending balance | 28,112 |
Stage 2 [member] | Lifetime expected credit losses [member] | Individually Evaluated [Member] | Contingent loans [member] | Restated [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 44,107 |
Stage 2 [member] | Lifetime expected credit losses [member] | Individually Evaluated [Member] | Contingent loans [member] | After restatement [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 44,107 |
Stage 3 [member] | Lifetime expected credit losses [member] | Individually Evaluated [Member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 32,736 |
- Increases due to change in credit risk | (16,587) |
- Decreases due to change in credit risk | (1,706) |
- Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | (17,037) |
Financial assets that have been derecognized | (15,355) |
Changes in models/risk parameters | (38,158) |
Ending balance | 87,457 |
Stage 3 [member] | Lifetime expected credit losses [member] | Individually Evaluated [Member] | Contingent loans [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
- Transfers to stage 1 | 116 |
- Transfers to stage 2 | 268 |
- Increases due to change in credit risk | 38 |
- Decreases due to change in credit risk | (39) |
- Charge-offs | 0 |
- Changes due to modifications that did not result in derecognition | 0 |
New financial assets originated or purchased | 126 |
Financial assets that have been derecognized | (754) |
Changes in models/risk parameters | 0 |
Foreign exchange and other movements | 3 |
Ending balance | 1,857 |
Stage 3 [member] | Lifetime expected credit losses [member] | Individually Evaluated [Member] | Contingent loans [member] | Restated [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 2,099 |
Stage 3 [member] | Lifetime expected credit losses [member] | Individually Evaluated [Member] | Contingent loans [member] | After restatement [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | $ 2,099 |
Provisions - Schedule of Prov_2
Provisions - Schedule of Provision Balance Changes (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of Other Provisions [Line Items] | ||
Beginning Balances | $ 117,889 | $ 100,048 |
Provisions applied | (44,260) | (23,815) |
Provisions recorded | 128,274 | 109,542 |
Provisions released | (55,262) | (63,260) |
Other movements | 8,571 | (4,626) |
Ending Balance | 214,903 | 117,889 |
Restated [member] | ||
Disclosure of Other Provisions [Line Items] | ||
Beginning Balances | 59,691 | |
Ending Balance | 59,691 | |
Provisions for personnel salaries and expenses [member] | ||
Disclosure of Other Provisions [Line Items] | ||
Beginning Balances | 90,559 | 89,295 |
Provisions applied | (27,026) | (23,815) |
Provisions recorded | 53,156 | 91,722 |
Provisions released | (25,561) | (62,231) |
Other movements | 8,817 | (4,412) |
Ending Balance | 99,945 | 90,559 |
Provisions for mandatory dividends [member] | ||
Disclosure of Other Provisions [Line Items] | ||
Beginning Balances | 17,234 | 1,029 |
Provisions applied | (17,234) | |
Provisions recorded | 51,614 | 17,234 |
Provisions released | (1,029) | |
Ending Balance | 51,614 | 17,234 |
Provisions for contingent loans risk [member] | ||
Disclosure of Other Provisions [Line Items] | ||
Provisions recorded | 14,511 | |
Provisions released | (28,354) | |
Ending Balance | 45,848 | |
Provisions for contingent loans risk [member] | Restated [member] | ||
Disclosure of Other Provisions [Line Items] | ||
Beginning Balances | 59,691 | |
Ending Balance | 59,691 | |
Provisions for contingencies [member] | ||
Disclosure of Other Provisions [Line Items] | ||
Beginning Balances | 10,096 | 9,724 |
Provisions recorded | 8,993 | 586 |
Provisions released | (1,347) | |
Other movements | (246) | (214) |
Ending Balance | $ 17,496 | $ 10,096 |
Provisions - Schedule of Prov_3
Provisions - Schedule of Provisions for Payroll and Employee Benefits (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of Other Provisions [Line Items] | |||
Totals | $ 214,903 | $ 117,889 | $ 100,048 |
Long-term employee benefits [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Provisions for employee benefits | 8,298 | 7,914 | 7,950 |
Pension plan [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Provisions for employee benefits | 30,908 | 31,761 | 34,768 |
Retroactive unemployment plan [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Provisions for employee benefits | 373 | 371 | 472 |
Retirements bonus plan [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Provisions for employee benefits | 542 | 476 | $ 439 |
Employee Related Provisions [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Vacation accrual | 13,575 | 13,226 | |
Totals | 99,945 | 90,559 | |
Employee Related Provisions [member] | Long-term employee benefits [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Provisions for employee benefits | 8,298 | 7,914 | |
Employee Related Provisions [member] | Pension plan [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Provisions for employee benefits | 30,908 | 31,761 | |
Employee Related Provisions [member] | Retroactive unemployment plan [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Provisions for employee benefits | 373 | 371 | |
Employee Related Provisions [member] | Retirements bonus plan [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Provisions for employee benefits | 542 | 476 | |
Employee Related Provisions [member] | Other employee benefits [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Provisions for employee benefits | $ 46,249 | $ 36,811 |
Provisions - Summary of Economi
Provisions - Summary of Economic Assumptions (Detail) - Long-term employee benefits [member] | Dec. 31, 2018 | Dec. 31, 2017 |
Summary of economic assumptions [line items] | ||
Discount rate | 6.25% | 7.25% |
Expected rate of salary increase | 5.70% | 6.50% |
Provisions - Movements of Prese
Provisions - Movements of Present Value Of Obligation and The Amounts Recognized in Consolidated Statements Of Income (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of Other Provisions [Line Items] | ||
Provisions recorded | $ 128,274 | $ 109,542 |
Long-term employee benefits [member] | ||
Disclosure of Other Provisions [Line Items] | ||
Beginning balance | 7,914 | 7,950 |
Net cost of benefits | 1,397 | 1,487 |
Payments | (973) | (856) |
Provisions recorded | (350) | (51) |
Exchange differences | 310 | (616) |
Ending balance | $ 8,298 | $ 7,914 |
Provisions - Cost of Benefit (D
Provisions - Cost of Benefit (Detail) - Long-term employee benefits [member] - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of defined benefit plans [line items] | ||
Current services cost | $ 836 | $ 866 |
Interest expense on obligation | 561 | 621 |
Total | $ 1,397 | $ 1,487 |
Provisions - Summary of Econo_2
Provisions - Summary of Economic Assumptions - Pension Plan (Detail) - Pension plan [member] | Dec. 31, 2018 | Dec. 31, 2017 |
Summary of economic assumptions [line items] | ||
Discount rate | 6.75% | 7.25% |
Expected rate of salary increases | 3.20% | 4.00% |
Inflation rate | 3.20% | 4.00% |
Provisions - Schedule of Pensio
Provisions - Schedule of Pension Plan Balances Movements (Detail) - Pension plan [member] - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Provisions [line items] | ||
Beginning balance | $ 31,761 | $ 34,768 |
Interest expense on obligation | 2,359 | 2,742 |
Payments | (3,802) | (3,581) |
Actuarial losses (gains) | (698) | 223 |
Exchange differences | 1,288 | (2,391) |
Ending balance | $ 30,908 | $ 31,761 |
Provisions - Summary of Econo_3
Provisions - Summary of Economic Assumptions- Retroactive Unemployment Plan (Detail) - Retroactive unemployment plan [member] | Dec. 31, 2018 | Dec. 31, 2017 |
Provisions [line items] | ||
Discount rate | 5.75% | 7.25% |
Expected rate of salary increases | 5.70% | 6.50% |
Inflation rate | 3.20% | 4.00% |
Provisions - Schedule of Change
Provisions - Schedule of Changes in Provision - Severance (Detail) - Retroactive unemployment plan [member] - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of defined benefit plans [line items] | ||
Beginning balance | $ 371 | $ 472 |
Current services costs | 108 | 13 |
Interest expense on obligations | 24 | 36 |
Actuarial gains | (32) | (19) |
Payments of benefits | (115) | (93) |
Exchange differences | 17 | (38) |
Ending balance | $ 373 | $ 371 |
Provisions - Summary of Econo_4
Provisions - Summary of Economic Assumptions- Retirement Bonus Plan (Detail) - Retirements bonus plan [member] | Dec. 31, 2018 | Dec. 31, 2017 |
Summary of economic assumptions [line items] | ||
Summary of economic hypothesis Discount rate(s) | 6.75% | 7.50% |
Expected rate(s) of salary increase | 5.20% | 6.00% |
Inflation rate | 3.20% | 4.00% |
Provisions - Schedule of Chan_2
Provisions - Schedule of Changes in Provision - Retirement Benefit Plan (Detail) - Retirements bonus plan [member] - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of defined benefit plans [line items] | ||
Beginning balance | $ 476 | $ 439 |
Current service costs | 39 | 34 |
Interest expense on obligation | 37 | 36 |
Actuarial (gains) losses | (24) | 4 |
Payments of benefits | (5) | (3) |
Exchange differences | 19 | (34) |
Ending balance | $ 542 | $ 476 |
Provisions - Schedule of Summar
Provisions - Schedule of Summary Effects in Other Comprehensive Income (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Pension plan [member] | |||
Disclosure of Provisions [line items] | |||
Total loss | $ (698) | $ 223 | $ 3,761 |
Retroactive unemployment plan [member] | |||
Disclosure of Provisions [line items] | |||
Total loss | (32) | (19) | 159 |
Retirements bonus plan [member] | |||
Disclosure of Provisions [line items] | |||
Total loss | (24) | 4 | |
Long-term employee benefits [member] | |||
Disclosure of Provisions [line items] | |||
Total loss | $ (754) | $ 208 | $ 3,920 |
Provisions - Schedule of Future
Provisions - Schedule of Future Payments (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Long-term employee benefits [member] | 1 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | $ 783 | $ 944 |
Long-term employee benefits [member] | Due within 1 and 2 Year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 842 | 752 |
Long-term employee benefits [member] | 2 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 1,003 | 868 |
Long-term employee benefits [member] | 3 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 1,147 | 1,038 |
Long-term employee benefits [member] | 4 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 1,160 | 1,177 |
Long-term employee benefits [member] | Later than five years [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 4,749 | 5,384 |
Pension plan [member] | 1 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 2,995 | 2,996 |
Pension plan [member] | Due within 1 and 2 Year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 2,858 | 2,922 |
Pension plan [member] | 2 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 2,682 | 2,757 |
Pension plan [member] | 3 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 2,527 | 2,586 |
Pension plan [member] | 4 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 2,457 | 2,434 |
Pension plan [member] | Later than five years [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 11,751 | 11,512 |
Retroactive unemployment plan [member] | 1 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 66 | 55 |
Retroactive unemployment plan [member] | Due within 1 and 2 Year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 38 | 32 |
Retroactive unemployment plan [member] | 2 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 20 | 38 |
Retroactive unemployment plan [member] | 3 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 70 | 22 |
Retroactive unemployment plan [member] | 4 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 102 | 68 |
Retroactive unemployment plan [member] | Later than five years [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 94 | 177 |
Retirement Bonus Plan [member] | 1 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 40 | 36 |
Retirement Bonus Plan [member] | Due within 1 and 2 Year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 22 | 12 |
Retirement Bonus Plan [member] | 2 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 26 | 21 |
Retirement Bonus Plan [member] | 3 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 40 | 26 |
Retirement Bonus Plan [member] | 4 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 43 | 42 |
Retirement Bonus Plan [member] | Later than five years [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | $ 203 | $ 246 |
Other Liabilities and Liabili_3
Other Liabilities and Liabilities Directly Associated With Non-Current Assets Held for Sale - Schedule of Other Liabilities (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Mar. 27, 2018 | Dec. 31, 2017 |
Other liabilities and liabilities directly associated with non current assets held for sale [abstract] | |||
Accounts and notes payable | $ 317,703 | $ 348,036 | |
Dividends payable | 270 | $ 51,614 | 703 |
Unearned income | 9,089 | 7,850 | |
Valuation adjustment for hedge accounting | 2,102 | 3,091 | |
Payables due to brokerage transactions | 75,872 | 21,933 | |
Collateral for financial transactions (threshold) | 91,223 | 79,589 | |
Other liabilities | 25,536 | 2,233 | |
Totals | $ 521,795 | $ 463,435 |
Other Liabilities and Liabili_4
Other Liabilities and Liabilities Directly Associated With Non-Current Assets Held for Sale - Schedule of Other Liabilities (Parenthetical) (Detail) - CLP ($) $ in Millions | Jan. 07, 2019 | Dec. 31, 2018 |
Disclosure of other liabilities and liabilities directly associated with noncurrent assets held for sale [line items] | ||
Penalty fee | $ 1,616 | |
Resolution No 101 [member] | ||
Disclosure of other liabilities and liabilities directly associated with noncurrent assets held for sale [line items] | ||
Penalty fee | $ 5,985 |
Other Liabilities and Liabili_5
Other Liabilities and Liabilities Directly Associated With Non-Current Assets Held for Sale - Additional Information (Parenthetical) (Detail) - CLP ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of other liabilities and liabilities directly associated with noncurrent assets held for sale [line items] | ||
Other liabilities | $ 521,795,000,000 | $ 463,435,000,000 |
Non-current assets held for sale [member] | ||
Disclosure of other liabilities and liabilities directly associated with noncurrent assets held for sale [line items] | ||
Other liabilities | $ 0 | $ 0 |
Contingencies, Commitments and
Contingencies, Commitments and Responsibilities - Additional Information (Detail) $ / shares in Units, in Millions | Apr. 30, 2018USD ($) | Aug. 14, 2017CLP ($) | Jun. 02, 2017CLP ($) | Dec. 30, 2015CLP ($) | Dec. 31, 2018CLP ($) | Dec. 31, 2018CLP ($)$ / shares | Dec. 31, 2017CLP ($) | Dec. 31, 2018CLF ( ) | Aug. 14, 2017CLF ( ) | Jun. 02, 2017CLF ( ) |
Disclosure of contingent liabilities in business combination [line items] | ||||||||||
Provision for lawsuits and legal proceedings | $ 956,000,000 | $ 956,000,000 | $ 1,191,000,000 | |||||||
Fine for violations of credit margins | $ 21,765,000,000 | |||||||||
Amount of pledged shares to secure Obligations related to transactions carried out with other brokers | 12,630,000,000 | |||||||||
Guarantee in cash and financial assets ceded to guarantee transactions | $ 5,042,000,000 | 4,101,000,000 | ||||||||
Banco Corpbanca Colombia [member] | ||||||||||
Disclosure of contingent liabilities in business combination [line items] | ||||||||||
Percentage of shares outstanding | 12.36% | |||||||||
Purchase price per share | $ / shares | $ 3.5367 | |||||||||
Description of purchase price calculation | The purchase price for the shares has not changed and will be US$3.5367 per share plus interest from August 4, 2015 until the payment date at an annual interest rate equal to Libor plus 2.7% minus the sum of the aggregate amount of dividends paid by Corpbanca Colombia to CorpBank since the date of the Transaction Agreement. | |||||||||
Itau Corpbanca Colombia S.A. [member] | ||||||||||
Disclosure of contingent liabilities in business combination [line items] | ||||||||||
Provision for lawsuits and legal proceedings | $ 152,000,000 | $ 152,000,000 | 977,000,000 | |||||||
Aggregate legal claims | 32,375,000,000 | 32,375,000,000 | 13,748,000,000 | |||||||
Labor processes amount | 2,527,000,000 | 2,527,000,000 | ||||||||
Labor processes provision | 1,057,000,000 | 865,000,000 | ||||||||
Itau Chile Administradora General de Fondos S.A. [member] | ||||||||||
Disclosure of contingent liabilities in business combination [line items] | ||||||||||
Guarantee expiration date | Aug. 30, 2021 | Aug. 31, 2021 | ||||||||
Insured amount for individual loss event | $ 5,000,000 | |||||||||
Insured amount | $ 10,000,000 | |||||||||
Bond maturity date | May 31, 2019 | |||||||||
Itau Chile Administradora General de Fondos S.A. [member] | Guarantees [member] | ||||||||||
Disclosure of contingent liabilities in business combination [line items] | ||||||||||
Contingent liability | $ 14,000,000 | $ 400,000,000 | 773,051 | 500 | 15,000 | |||||
Top of Range [Member] | ||||||||||
Disclosure of contingent liabilities in business combination [line items] | ||||||||||
Provision for lawsuits and legal proceedings | $ 26,995,000,000 | $ 26,995,000,000 | $ 36,309,000,000 |
Contingencies, Commitments an_2
Contingencies, Commitments and Responsibilities - Schedule of Bank and Its Subsidiaries are Contractually Obliged to Grant Loans (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of contingent liabilities in business combination [line items] | ||
Contingent loans | $ 5,383,914 | $ 5,291,615 |
Contingent liability for guarantees [member] | ||
Disclosure of contingent liabilities in business combination [line items] | ||
Contingent loans | 411,023 | 262,924 |
Contingent liability for confirmes foreign letters of credit [member] | ||
Disclosure of contingent liabilities in business combination [line items] | ||
Contingent loans | 3,824 | |
Letters of credit issued [member] | ||
Disclosure of contingent liabilities in business combination [line items] | ||
Contingent loans | 95,476 | 88,940 |
Documented guarantees [member] | ||
Disclosure of contingent liabilities in business combination [line items] | ||
Contingent loans | 1,286,805 | 1,286,807 |
Available on demand credit lines [member] | ||
Disclosure of contingent liabilities in business combination [line items] | ||
Contingent loans | 2,143,333 | 2,349,626 |
Contingent liability for other credit commitments [member] | ||
Disclosure of contingent liabilities in business combination [line items] | ||
Contingent loans | $ 1,447,277 | $ 1,299,494 |
Contingencies, Commitments an_3
Contingencies, Commitments and Responsibilities - Schedule of Responsibilities Arising From the Regular Course of Business (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Third party operations | ||
Collections | $ 17,030 | $ 26,143 |
Transferred financial assets managed by the Bank | 1,101,327 | 997,530 |
Third party funds under management | 2,306,154 | 2,215,038 |
Subtotals | 3,424,511 | 3,238,711 |
Custody of securities | ||
Securities held in custody | 5,896,162 | 8,675,906 |
Securities held in custody deposited in other entities | 315,347 | 549,848 |
Securities issued by the Bank held in custody | 148,193 | 163,713 |
Subtotals | 6,359,702 | 9,389,467 |
Totals | $ 9,784,213 | $ 12,628,178 |
Contingencies, Commitments an_4
Contingencies, Commitments and Responsibilities - Schedule of Damages That May Be Incurred By Insured Parties that Contract Policies (Detail) - Consorcio Nacionalde SegurosSA [Member] | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of subsidiaries [line items] | |
From date | Apr. 15, 2018 |
End date | Apr. 15, 2019 |
Amount | 60,000 and 500 |
Beneficiary | Itaú Corredores de Seguros S.A. |
Contingencies, Commitments an_5
Contingencies, Commitments and Responsibilities - Schedule of Performance Bond (Detail) | 12 Months Ended |
Dec. 31, 2018 | |
Itau Chile [member] | |
Disclosure of subsidiaries [line items] | |
From | Apr. 22, 2018 |
To | Apr. 22, 2019 |
Amount (UF) | 16000 |
Beneficiary | Bolsa Electrónica de Chile |
Mapfre Compania De Seguros SA [member] | |
Disclosure of subsidiaries [line items] | |
From | Apr. 22, 2018 |
To | Apr. 22, 2019 |
Amount (UF) | 4000 |
Beneficiary | Bolsa de Comercio de Santiago |
Itau chile1 [member] | |
Disclosure of subsidiaries [line items] | |
From | Jun. 21, 2018 |
To | Jun. 21, 2019 |
Amount (UF) | 10000 |
Beneficiary | Itaú Chile |
Contingencies, Commitments an_6
Contingencies, Commitments and Responsibilities - Schedule of Comprehensive Insurance Policy (Detail) - Orion Seguros Generales S.A. [member] | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of subsidiaries [line items] | |
From | Apr. 30, 2018 |
To | Jun. 21, 2019 |
Amount (UF) | 5,000 and 10,000 |
Beneficiary | Bolsa Electrónica de Chile |
Equity - Schedule of Paid in Ca
Equity - Schedule of Paid in Capital of the Bank (Detail) - shares | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Equity note[abstract] | |||
Beginning Balance | 512,406,760,091 | 512,406,760,091 | 115,039,690,651 |
Issuance of paid shares | 57,008,875,206 | ||
Increase in share for Itaú-Corpbanca business combination | 340,358,194,234 | ||
Issuance of shares pending payment | 0 | 0 | 0 |
Repurchase of own shares | 0 | 0 | 0 |
Sale of own shares | 0 | 0 | 0 |
Ending Balance | 512,406,760,091 | 512,406,760,091 | 512,406,760,091 |
Equity - Additional Information
Equity - Additional Information (Detail) - CLP ($) $ in Millions | Mar. 27, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 30, 2015 |
Disclosure of equity [line items] | |||||
Capital | $ 1,862,826 | $ 1,862,826 | |||
Number of share outstanding | 512,406,760,091 | 512,406,760,091 | 512,406,760,091 | 115,039,690,651 | |
Percentage of dividend on profit | 40.00% | 30.00% | 40.00% | 30.00% | |
Distribution of dividends | $ 22,979 | $ 22,979 | $ 618 | ||
Equity | $ 3,437,560 | 3,428,757 | 3,423,712 | $ 791,441 | |
Retained earnings from prior years | (69,355) | (12,668) | |||
Other equity interest [member] | |||||
Disclosure of equity [line items] | |||||
Equity | 839,120 | 839,120 | 843,097 | (2,133) | |
Revaluation surplus [member] | |||||
Disclosure of equity [line items] | |||||
Equity | $ 451,011 | $ 451,011 | $ 451,011 | $ 398,843 |
Equity - Schedule of Shareholde
Equity - Schedule of Shareholder List (Detail) - shares | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 30, 2015 |
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 512,406,760,091 | 512,406,760,091 | 512,406,760,091 | 115,039,690,651 |
Percentage of equity holding | 100.00% | 100.00% | 100.00% | |
Itau Unibanco [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 195,408,043,473 | 184,756,488,453 | 184,756,488,453 | |
Percentage of equity holding | 38.14% | 36.06% | 36.06% | |
Itau Unibanco Holding S A [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 115,039,610,411 | 115,039,610,411 | 115,039,610,411 | |
Percentage of equity holding | 22.45% | 22.45% | 22.45% | |
ITB Holding Brasil Participacoes Ltda. [Member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 57,008,875,206 | 57,008,875,206 | 57,008,875,206 | |
Percentage of equity holding | 11.13% | 11.13% | 11.13% | |
CGB II SpA [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 10,908,002,836 | 10,908,002,836 | 10,908,002,836 | |
Percentage of equity holding | 2.13% | 2.13% | 2.13% | |
CGB III SpA [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 1,800,000,000 | 1,800,000,000 | 1,800,000,000 | |
Percentage of equity holding | 0.35% | 0.35% | 0.35% | |
Saga II SpA [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 7,000,000,000 | |||
Percentage of equity holding | 1.37% | 0.00% | 0.00% | |
Saga III SpA [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 3,651,555,020 | |||
Percentage of equity holding | 0.71% | 0.00% | 0.00% | |
Saieh Family [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 146,394,540,608 | 157,046,095,628 | 157,046,095,628 | |
Percentage of equity holding | 28.57% | 30.65% | 30.65% | |
Corp Group Banking SA [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 136,127,850,073 | 136,127,850,073 | 136,127,850,073 | |
Percentage of equity holding | 26.57% | 26.57% | 26.57% | |
Compniua Inmobiliaria y de Inversiones Saga SpA [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 10,266,690,535 | 20,918,245,555 | 20,918,245,555 | |
Percentage of equity holding | 2.00% | 4.08% | 4.08% | |
International Finance Corporation [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 17,017,909,711 | 17,017,909,711 | 17,017,909,711 | |
Percentage of equity holding | 3.32% | 3.32% | 3.32% | |
Others [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 153,586,266,299 | 153,586,266,299 | 153,586,266,299 | |
Percentage of equity holding | 29.97% | 29.97% | 29.98% | |
Stock brokers [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 55,791,614,655 | 53,400,666,996 | 33,053,299,686 | |
Percentage of equity holding | 10.89% | 10.42% | 6.45% | |
ADR holders and foreign investors [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 42,838,887,354 | 50,064,467,904 | 72,134,243,118 | |
Percentage of equity holding | 8.36% | 9.77% | 14.08% | |
Asset management companies [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 17,778,018,941 | 16,892,054,779 | ||
Percentage of equity holding | 3.47% | 3.30% | ||
Santo Domingo Group [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 9,817,092,180 | 9,817,092,180 | 9,817,092,180 | |
Percentage of equity holding | 1.92% | 1.92% | 1.92% | |
Insurance companies [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 5,220,388,512 | 5,212,338,243 | 6,758,473,530 | |
Percentage of equity holding | 1.02% | 1.02% | 1.32% | |
Pension funds management companies [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 3,981,075,117 | 944,399,401 | 2,761,470,587 | |
Percentage of equity holding | 0.77% | 0.18% | 0.54% | |
Other minority shareholders [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 18,159,189,540 | 17,255,246,796 | 29,061,687,198 | |
Percentage of equity holding | 3.54% | 3.36% | 5.67% |
Equity - Schedule of Sharehol_2
Equity - Schedule of Shareholder List (Parenthetical) (Detail) - shares | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 30, 2015 |
Disclosure of transactions between related parties [line items] | ||||
Number of shares outstanding | 512,406,760,091 | 512,406,760,091 | 512,406,760,091 | 115,039,690,651 |
Third party custody [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares outstanding | 640,844,096 |
Equity - Schedule of Distributi
Equity - Schedule of Distribution of Dividends (Detail) - CLP ($) $ / shares in Units, $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of equity [line items] | |||
Income attributable to equity holders | $ 171,331 | $ 67,821 | $ 14,407 |
Allocated to reserves and retained earnings | 34,468 | 1,441 | |
Allocated to dividends | $ 22,979 | $ 618 | |
Percentage distributed | 0.40% | 0.30% | |
Number of shares | 512,406,760,091 | 512,406,760,091 | |
Dividend per share | $ 0.04485 | $ 0.00121 | |
SBIF [member] | |||
Disclosure of equity [line items] | |||
Income attributable to equity holders | $ 57,447 | $ 2,059 |
Equity - Schedule of Attributab
Equity - Schedule of Attributable to the Equity Holders of the Bank (Detail) - CLP ($) $ / shares in Units, shares in Millions, $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Diluted earnings per share | |||
Net income for the period | $ 171,331 | $ 67,821 | $ 14,407 |
Weighted average number of outstanding shares | 512,407 | 512,407 | 415,165 |
Dilutive effects | |||
Assumed convertible debt conversion | 0 | 0 | 0 |
Conversion of common shares | 0 | 0 | 0 |
Options rights | 0 | 0 | 0 |
Adjusted number of shares | 512,407 | 512,407 | 415,165 |
Diluted earnings per share (Chilean pesos) | $ 0.334 | $ 0.132 | $ 0.035 |
Net income for the period | $ 171,331 | $ 67,821 | $ 14,407 |
Weighted average number of outstanding shares | 512,407 | 512,407 | 415,165 |
Assumed convertible debt conversion | 0 | 0 | 0 |
Adjusted number of outstanding shares | 512,407 | 512,407 | 415,165 |
Basic earnings per share (Chilean pesos) | $ 0.334 | $ 0.132 | $ 0.035 |
Equity - Schedule of Equity and
Equity - Schedule of Equity and Income Taxes Attributable to the Equity Holders (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | $ 15,382 | $ 19,468 | $ (1,170) |
Effects for the period | 13,522 | (4,086) | 20,638 |
Other comprehensive income (loss) before income taxes, ending balance | 30,400 | 15,382 | 19,468 |
Income taxes related to components of other comprehensive income (loss) | |||
Income taxes related to components of other comprehensive income (loss), beginning balance | (20,117) | (3,916) | 226 |
Effects for the period | 6,375 | (16,201) | (4,142) |
Income taxes related to components of other comprehensive income (loss), ending balance | (14,241) | (20,117) | (3,916) |
Net balances | 16,159 | (4,735) | 15,552 |
Increase (decrease) due to changes in accounting policy required by IFRSs [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | 1,496 | ||
Other comprehensive income (loss) before income taxes, ending balance | 1,496 | ||
Income taxes related to components of other comprehensive income (loss) | |||
Income taxes related to components of other comprehensive income (loss), beginning balance | (499) | ||
Income taxes related to components of other comprehensive income (loss), ending balance | (499) | ||
Revised For IFRS 9 [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | 16,878 | ||
Other comprehensive income (loss) before income taxes, ending balance | 16,878 | ||
Income taxes related to components of other comprehensive income (loss) | |||
Income taxes related to components of other comprehensive income (loss), beginning balance | (20,616) | ||
Income taxes related to components of other comprehensive income (loss), ending balance | (20,616) | ||
Investments in equity instruments designated at fair value through other comprehensive income [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | 16,592 | ||
Effects for the period | (295) | ||
Other comprehensive income (loss) before income taxes, ending balance | 17,793 | 16,592 | |
Income taxes related to components of other comprehensive income (loss) | |||
Income taxes related to components of other comprehensive income (loss), beginning balance | (4,937) | ||
Effects for the period | (1,468) | ||
Income taxes related to components of other comprehensive income (loss), ending balance | (6,904) | (4,937) | |
Net balances | 10,889 | ||
Investments in equity instruments designated at fair value through other comprehensive income [member] | Increase (decrease) due to changes in accounting policy required by IFRSs [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | 1,496 | ||
Other comprehensive income (loss) before income taxes, ending balance | 1,496 | ||
Income taxes related to components of other comprehensive income (loss) | |||
Income taxes related to components of other comprehensive income (loss), beginning balance | (499) | ||
Income taxes related to components of other comprehensive income (loss), ending balance | (499) | ||
Investments in equity instruments designated at fair value through other comprehensive income [member] | Revised For IFRS 9 [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | 18,088 | ||
Other comprehensive income (loss) before income taxes, ending balance | 18,088 | ||
Income taxes related to components of other comprehensive income (loss) | |||
Income taxes related to components of other comprehensive income (loss), beginning balance | (5,436) | ||
Income taxes related to components of other comprehensive income (loss), ending balance | (5,436) | ||
Hedges of net investment in foreign operations [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | (5,730) | (5,603) | |
Effects for the period | 11,289 | (127) | (5,603) |
Other comprehensive income (loss) before income taxes, ending balance | 5,559 | (5,730) | (5,603) |
Income taxes related to components of other comprehensive income (loss) | |||
Income taxes related to components of other comprehensive income (loss), beginning balance | 1,389 | 1,345 | |
Effects for the period | (1,669) | 44 | 1,345 |
Income taxes related to components of other comprehensive income (loss), ending balance | (280) | 1,389 | 1,345 |
Net balances | 5,279 | (4,341) | (4,258) |
Hedges of net investment in foreign operations [member] | Revised For IFRS 9 [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | (5,730) | ||
Other comprehensive income (loss) before income taxes, ending balance | (5,730) | ||
Income taxes related to components of other comprehensive income (loss) | |||
Income taxes related to components of other comprehensive income (loss), beginning balance | 1,389 | ||
Income taxes related to components of other comprehensive income (loss), ending balance | 1,389 | ||
Reserve of cash flow hedges [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | 64,741 | 14,917 | |
Effects for the period | (35,338) | 49,824 | 14,917 |
Other comprehensive income (loss) before income taxes, ending balance | 29,403 | 64,741 | 14,917 |
Income taxes related to components of other comprehensive income (loss) | |||
Income taxes related to components of other comprehensive income (loss), beginning balance | (17,287) | (3,219) | |
Effects for the period | 9,541 | (14,068) | (3,219) |
Income taxes related to components of other comprehensive income (loss), ending balance | (7,746) | (17,287) | (3,219) |
Net balances | 21,657 | 47,454 | 11,698 |
Reserve of cash flow hedges [member] | Revised For IFRS 9 [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | 64,741 | ||
Other comprehensive income (loss) before income taxes, ending balance | 64,741 | ||
Income taxes related to components of other comprehensive income (loss) | |||
Income taxes related to components of other comprehensive income (loss), beginning balance | (17,287) | ||
Income taxes related to components of other comprehensive income (loss), ending balance | (17,287) | ||
Reserve of exchange differences on translation [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | (57,485) | 2,380 | |
Effects for the period | 38,366 | (59,865) | 2,380 |
Other comprehensive income (loss) before income taxes, ending balance | (19,119) | (57,485) | 2,380 |
Income taxes related to components of other comprehensive income (loss) | |||
Net balances | (19,119) | (57,485) | 2,380 |
Reserve of exchange differences on translation [member] | Revised For IFRS 9 [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | (57,485) | ||
Other comprehensive income (loss) before income taxes, ending balance | (57,485) | ||
Reserve of remeasurements of defined benefit plans [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | (2,736) | (2,598) | |
Effects for the period | (500) | (138) | (2,598) |
Other comprehensive income (loss) before income taxes, ending balance | (3,236) | (2,736) | (2,598) |
Income taxes related to components of other comprehensive income (loss) | |||
Income taxes related to components of other comprehensive income (loss), beginning balance | 718 | 722 | |
Effects for the period | (29) | (4) | 722 |
Income taxes related to components of other comprehensive income (loss), ending balance | 689 | 718 | 722 |
Net balances | (2,547) | (2,018) | (1,876) |
Reserve of remeasurements of defined benefit plans [member] | Revised For IFRS 9 [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | (2,736) | ||
Other comprehensive income (loss) before income taxes, ending balance | (2,736) | ||
Income taxes related to components of other comprehensive income (loss) | |||
Income taxes related to components of other comprehensive income (loss), beginning balance | 718 | ||
Income taxes related to components of other comprehensive income (loss), ending balance | 718 | ||
Reserve of gains and losses on remeasuring available-for-sale financial assets [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | 16,592 | 10,372 | (1,170) |
Effects for the period | 6,220 | 11,542 | |
Other comprehensive income (loss) before income taxes, ending balance | 16,592 | 10,372 | |
Income taxes related to components of other comprehensive income (loss) | |||
Income taxes related to components of other comprehensive income (loss), beginning balance | $ (4,937) | (2,764) | 226 |
Effects for the period | (2,173) | (2,990) | |
Income taxes related to components of other comprehensive income (loss), ending balance | (4,937) | (2,764) | |
Net balances | $ 11,655 | $ 7,608 |
Equity - Schedule of Non-contro
Equity - Schedule of Non-controlling Interest in the Subsidiary's Equity and Profit (Detail) - CLP ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 30, 2015 | |
Disclosure of available for sale financial assets [line items] | ||||
Equity | $ 218,082 | $ 217,280 | $ 238,969 | $ 59 |
Net income | (4,477) | (4,996) | (438) | |
Financial instruments at fair value through other comprehensive income | (959) | |||
Available for sale investments | 9,966 | 15,418 | ||
Exchange differences | 48,610 | (78,302) | (7,101) | |
Defined benefit obligation | (754) | (208) | (3,920) | |
Deferred Tax | 6,375 | (16,201) | (4,142) | |
Comprehensive income | $ 3,959 | $ (21,689) | (8,957) | |
Itau Corredores de Seguros S.A [member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Non-controlling | 100.00% | 100.00% | ||
Helm Corredor de Seguros S.A. [member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Non-controlling | 80.00% | 80.00% | ||
Itau Chile Corredora de Seguros Ltda [member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Non-controlling | 100.00% | |||
Itau Chile Administradora General de Fondos S.A. [member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Non-controlling | 100.00% | 99.994% | ||
Non controlling Interest [Member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Equity | $ 218,082 | $ 217,280 | 238,969 | |
Net income | (4,477) | (4,996) | (438) | |
Financial instruments at fair value through other comprehensive income | (664) | |||
Available for sale investments | 3,746 | 3,876 | ||
Exchange differences | 10,244 | (627) | (9,481) | |
Effect hedge Accounting Foreign Investment | (1,195) | (1,459) | ||
Cash Flow hedges | (70) | |||
Defined benefit obligation | (254) | (18,437) | (1,322) | |
Deferred Tax | 305 | (1,305) | (133) | |
Other comprehensive income | 8,436 | (16,693) | (8,519) | |
Comprehensive income | $ 3,959 | $ (21,689) | $ (8,957) | |
Non controlling Interest [Member] | Itau Corredores de Seguros Colombia S.A. [member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Non-controlling | 20.00% | |||
Equity | $ 409 | |||
Net income | 15 | |||
Comprehensive income | $ 15 | |||
Non controlling Interest [Member] | Itau Corpbanca Colombia S.A. y filiales [member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Non-controlling | 33.721% | |||
Equity | $ 217,673 | |||
Net income | (4,500) | |||
Financial instruments at fair value through other comprehensive income | (664) | |||
Exchange differences | 10,244 | |||
Effect hedge Accounting Foreign Investment | (1,195) | |||
Defined benefit obligation | (254) | |||
Deferred Tax | 305 | |||
Other comprehensive income | 8,436 | |||
Comprehensive income | $ 3,936 | |||
Non controlling Interest [Member] | Itau Corredores de Seguros S.A [member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Non-controlling | 0.00% | |||
Net income | $ 8 | |||
Comprehensive income | $ 8 | |||
Non controlling Interest [Member] | Itau Administradora General de Fondos S.A. [member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Non-controlling | 0.00% | |||
Non controlling Interest [Member] | Itau Corpbanca Corredores de Bolsa Limitada [member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Non-controlling | 0.00% | |||
Non controlling Interest [Member] | Helm Corredor de Seguros S.A. [member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Non-controlling | 20.00% | 20.00% | ||
Equity | $ 380 | $ 601 | ||
Net income | (5) | 78 | ||
Comprehensive income | $ (5) | $ 78 | ||
Non controlling Interest [Member] | Banco CorpBanca Colombia y Filiales [member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Non-controlling | 33.721% | 33.72% | ||
Equity | $ 216,883 | $ 237,917 | ||
Net income | (5,001) | (527) | ||
Available for sale investments | 3,746 | 3,876 | ||
Exchange differences | (627) | (9,481) | ||
Effect hedge Accounting Foreign Investment | (1,459) | |||
Cash Flow hedges | (70) | |||
Defined benefit obligation | (18,437) | (1,322) | ||
Deferred Tax | (1,305) | (133) | ||
Other comprehensive income | (16,693) | (8,519) | ||
Comprehensive income | $ (21,694) | $ (9,046) | ||
Non controlling Interest [Member] | Itau Chile Corredora de Seguros Ltda [member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Non-controlling | 0.029% | 0.10% | ||
Equity | $ 12 | $ 13 | ||
Net income | 10 | 10 | ||
Comprehensive income | $ 10 | $ 10 | ||
Non controlling Interest [Member] | Itau Chile Administradora General de Fondos S.A. [member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Non-controlling | 0.60% | 0.01% | ||
Equity | $ 1 | $ 1 | ||
Net income | 1 | |||
Comprehensive income | $ 1 | |||
Non controlling Interest [Member] | Itau BBA Corredor de Bolsa Ltda. [member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Non-controlling | 0.00% | 0.02% | ||
Equity | $ 4 | |||
Non controlling Interest [Member] | SMU CORP S.A [member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Non-controlling | 49.00% | |||
Equity | $ 437 |
Equity - Schedule of Non-cont_2
Equity - Schedule of Non-controlling Interest in the Subsidiary's Equity and Profit (Parenthetical) (Detail) | Apr. 01, 2018 | Dec. 10, 2018 | Jul. 04, 2018 |
Itau Corredores de Seguros S.A [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Date of acquisition | Apr. 1, 2018 | ||
Number of shares acquired | 127,901 | ||
Percentage of shares owned | 100.00% | ||
Itau Administradora General de Fondos S.A. [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Number of shares acquired | 1 | ||
Percentage of shares owned | 100.00% | ||
Itau Corpbanca Corredores de Bolsa Limitada [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Number of shares acquired | 2 | ||
Percentage of shares owned | 100.00% |
Equity - Schedule of Non-cont_3
Equity - Schedule of Non-controlling Interest Movement (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of subsidiaries [line items] | |||
Beginning balance | $ 217,280 | $ 238,969 | $ 59 |
Integration itau corpbanca | 247,867 | ||
Comprehensive income | 3,959 | (21,689) | (8,957) |
Ending balance | 218,082 | 217,280 | 238,969 |
Increase (decrease) due to changes in accounting policy required by IFRSs [member] | |||
Disclosure of subsidiaries [line items] | |||
Beginning balance | (3,157) | ||
Ending balance | (3,157) | ||
Revised For IFRS 9 [member] | |||
Disclosure of subsidiaries [line items] | |||
Beginning balance | $ 214,123 | 238,969 | 59 |
Ending balance | $ 214,123 | $ 238,969 |
Equity - Schedule of Main Subsi
Equity - Schedule of Main Subsidiary With Non-controlling Interest (Detail) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of subsidiaries [line items] | |
Group participation | 33.72% |
Banco CorpBanca Colombia S.A [member] | |
Disclosure of subsidiaries [line items] | |
Country | Colombia |
Group participation | 66.28% |
Main activity | Bank |
Equity - Schedule of Consolidat
Equity - Schedule of Consolidation Elimination Adjustments (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 30, 2015 |
Summary Statements of Financial Position | ||||
Total net assets (liabilities) | $ 3,437,560 | $ 3,428,757 | ||
Accumulated non-controlling interest | 218,082 | 217,280 | $ 238,969 | $ 59 |
Non controlling Interest [Member] | ||||
Summary Statements of Financial Position | ||||
Accumulated non-controlling interest | 218,082 | 217,280 | 238,969 | |
Banco CorpBanca Colombia S.A [member] | Non controlling Interest [Member] | ||||
Summary Statements of Financial Position | ||||
Current assets | 4,669,275 | 4,589,487 | 5,502,852 | |
Current liabilities | (3,523,186) | (3,939,253) | (4,813,426) | |
Net current assets (liabilities) | 1,146,089 | 650,234 | 689,426 | |
Non-current assets | 1,664,700 | 1,690,890 | 1,780,581 | |
Non-current liabilities | (2,160,781) | (1,697,961) | (1,764,461) | |
Net non-current assets (liabilities) | (496,081) | (7,071) | (16,120) | |
Total net assets (liabilities) | 650,008 | 643,163 | 673,306 | |
Accumulated non-controlling interest | $ 217,673 | $ 216,883 | $ 237,917 |
Equity - Summary of Income Stat
Equity - Summary of Income Statements (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of income statement [line items] | |||
Income of the period | $ 1,739,317 | $ 1,646,329 | $ 1,509,203 |
Non-controlling interests income | 166,854 | 62,825 | 14,473 |
Banco CorpBanca Colombia S.A [member] | Non controlling Interest [Member] | |||
Disclosure of income statement [line items] | |||
Interest income and readjustments | 553,937 | 579,176 | 482,806 |
Income of the period | (13,087) | (14,830) | (1,563) |
Non-controlling interests income | $ (4,500) | $ (5,001) | $ (527) |
Equity - Summary of Cash Flows
Equity - Summary of Cash Flows Statements (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of consolidated statement of cash flows [line items] | |||
Net cash flows provided by (used in) operating activities | $ 695,755 | $ (1,390,863) | $ (978,898) |
Net cash flows provided by (used in) investing activities | (41,874) | (87,155) | 1,589,074 |
Net cash flows provided by (used in) financing activities | (449,272) | 349,602 | 874,784 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 287,963 | (1,041,655) | 1,491,136 |
Banco CorpBanca Colombia S.A [member] | Non controlling Interest [Member] | |||
Disclosure of consolidated statement of cash flows [line items] | |||
Net cash flows provided by (used in) operating activities | 232,480 | 16,822 | (35,057) |
Net cash flows provided by (used in) investing activities | (145,665) | (158,402) | 93,018 |
Net cash flows provided by (used in) financing activities | (24,122) | 35,937 | (4,400) |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | $ 62,693 | $ (105,643) | $ 53,561 |
Equity - Schedule of Consolid_2
Equity - Schedule of Consolidated Comprehensive Income (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of subsidiaries [line items] | |||
Income (loss) for the year | $ 166,854 | $ 62,825 | $ 13,969 |
Other comprehensive income (loss) before income taxes | |||
Financial instruments at fair value through other comprehensive income | (959) | ||
Available for sale investments | 9,966 | 15,418 | |
Cash flow hedge | 11,289 | (127) | (5,603) |
Income taxes | |||
Available for sale investments | (3,333) | (4,025) | |
Net investment in foreign operations hedges | 10,565 | (14,211) | (2,685) |
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) FOR THE YEAR | 28,333 | (36,980) | 7,977 |
Comprehensive income (loss) for the year | 195,187 | 25,845 | 21,946 |
Total Attributable to Equity Holders of the Bank [Member] | |||
Disclosure of subsidiaries [line items] | |||
Income (loss) for the year | 171,331 | 67,821 | 14,407 |
Other comprehensive income (loss) before income taxes | |||
Financial instruments at fair value through other comprehensive income | (295) | ||
Available for sale investments | 6,220 | 11,542 | |
Hedge of net investment in foreign operations | (35,338) | 49,824 | 14,917 |
Cash flow hedge | 11,289 | (127) | (5,603) |
Exchange differences | 38,366 | (59,865) | 2,380 |
Defined benefits obligations | (500) | (138) | (2,598) |
Subtotals | 13,522 | (4,086) | 20,638 |
Income taxes | |||
Financial instruments at fair value through other comprehensive income | (1,468) | ||
Available for sale investments | (2,173) | (2,990) | |
Net investment in foreign operations hedges | (3,219) | ||
Hedge of net investment in foreign operations | 9,541 | (14,068) | |
Cash flow hedge | (1,669) | 44 | 1,345 |
Defined benefits obligations | (29) | (4) | 722 |
Subtotals | 6,375 | (16,201) | (4,142) |
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) FOR THE YEAR | 19,897 | (20,287) | 16,496 |
Comprehensive income (loss) for the year | 191,228 | 47,534 | 30,903 |
Non controlling Interest [Member] | |||
Disclosure of subsidiaries [line items] | |||
Income (loss) for the year | (4,477) | (4,996) | (438) |
Other comprehensive income (loss) before income taxes | |||
Financial instruments at fair value through other comprehensive income | (664) | ||
Available for sale investments | 3,746 | 3,876 | |
Hedge of net investment in foreign operations | (1,195) | (627) | (1,459) |
Exchange differences | 10,244 | (18,437) | (9,481) |
Defined benefits obligations | (254) | (70) | (1,322) |
Subtotals | 8,131 | (15,388) | (8,386) |
Income taxes | |||
Financial instruments at fair value through other comprehensive income | (704) | ||
Available for sale investments | (1,160) | (1,035) | |
Net investment in foreign operations hedges | 534 | ||
Hedge of net investment in foreign operations | 1,024 | (143) | |
Defined benefits obligations | (15) | (2) | 368 |
Subtotals | 305 | (1,305) | (133) |
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) FOR THE YEAR | 8,436 | (16,693) | (8,519) |
Comprehensive income (loss) for the year | 3,959 | (21,689) | (8,957) |
Consolidated Statement Of Comprehensive Income [member] | |||
Disclosure of subsidiaries [line items] | |||
Income (loss) for the year | 166,854 | 62,825 | 13,969 |
Other comprehensive income (loss) before income taxes | |||
Financial instruments at fair value through other comprehensive income | (959) | ||
Available for sale investments | 9,966 | 15,418 | |
Hedge of net investment in foreign operations | (36,533) | 49,197 | 13,458 |
Cash flow hedge | 11,289 | (127) | (5,603) |
Exchange differences | 48,610 | (78,302) | (7,101) |
Defined benefits obligations | (754) | (208) | (3,920) |
Subtotals | 21,653 | (19,474) | 12,252 |
Income taxes | |||
Financial instruments at fair value through other comprehensive income | (2,172) | ||
Available for sale investments | (3,333) | (4,025) | |
Net investment in foreign operations hedges | (2,685) | ||
Hedge of net investment in foreign operations | 10,565 | (14,211) | |
Cash flow hedge | (1,669) | 44 | 1,345 |
Defined benefits obligations | (44) | (6) | 1,090 |
Subtotals | 6,680 | (17,506) | (4,275) |
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) FOR THE YEAR | 28,333 | (36,980) | 7,977 |
Comprehensive income (loss) for the year | $ 195,187 | $ 25,845 | $ 21,946 |
Interest Income and Interest _3
Interest Income and Interest Expense - Schedule of Composition of Interest Income and Inflation-indexing (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of detailed information about hedged items [line items] | |||
Totals | $ 1,739,317 | $ 1,646,329 | $ 1,509,203 |
Investments under Agreements to Resell [Member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 4,988 | 6,645 | 25,550 |
Loans and receivables to banks [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 5,013 | 5,460 | 8,180 |
Commercial loans [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 931,661 | 941,145 | 873,085 |
Mortgage loans [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 303,962 | 247,243 | 234,756 |
Consumer loans [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 372,342 | 360,332 | 283,036 |
Financial investmens [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 120,334 | 78,830 | 78,715 |
Other interest income [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 20,732 | 10,201 | 8,893 |
Gain (loss) from accounting hedges [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (19,715) | (3,527) | (3,012) |
Hedged of interest [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 1,487,381 | 1,509,566 | 1,317,638 |
Hedged of interest [member] | Investments under Agreements to Resell [Member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 4,988 | 6,643 | 25,550 |
Hedged of interest [member] | Loans and receivables to banks [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 5,013 | 5,460 | 8,180 |
Hedged of interest [member] | Commercial loans [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 816,193 | 872,416 | 772,704 |
Hedged of interest [member] | Mortgage loans [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 196,598 | 188,094 | 155,101 |
Hedged of interest [member] | Consumer loans [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 372,148 | 360,268 | 283,005 |
Hedged of interest [member] | Financial investmens [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 101,274 | 70,556 | 67,683 |
Hedged of interest [member] | Other interest income [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 10,882 | 9,656 | 8,427 |
Hedged of interest [member] | Gain (loss) from accounting hedges [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (19,715) | (3,527) | (3,012) |
Hedged of inflation adjustments [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 251,936 | 136,763 | 191,565 |
Hedged of inflation adjustments [member] | Investments under Agreements to Resell [Member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 2 | ||
Hedged of inflation adjustments [member] | Commercial loans [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 115,468 | 68,729 | 100,381 |
Hedged of inflation adjustments [member] | Mortgage loans [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 107,364 | 59,149 | 79,655 |
Hedged of inflation adjustments [member] | Consumer loans [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 194 | 64 | 31 |
Hedged of inflation adjustments [member] | Financial investmens [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 19,060 | 8,274 | 11,032 |
Hedged of inflation adjustments [member] | Other interest income [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | $ 9,850 | $ 545 | $ 466 |
Interest Income and Interest _4
Interest Income and Interest Expense - Schedule of Detail of the Amount Due for Interest and Readjustments (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of detailed information about hedged items [line items] | |||
Totals | $ (851,654) | $ (863,347) | $ (870,028) |
Deposits and other demand liabilities [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (49,677) | (72,871) | (78,320) |
Obligations under repurchase agreements [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (29,664) | (32,677) | (48,086) |
Time deposits and other time liabilities [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (385,734) | (433,237) | (459,381) |
Interbank borrowings [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (69,260) | (54,385) | (45,801) |
Debt instruments issued [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (322,252) | (282,884) | (235,294) |
Other financial liabilities [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (752) | (114) | (339) |
Other interest expenses [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (4,689) | (2,518) | (3,166) |
Gain (loss) from accounting hedges [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 10,374 | 15,339 | 359 |
Hedged of interest [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (708,651) | (772,956) | (748,551) |
Hedged of interest [member] | Deposits and other demand liabilities [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (49,536) | (72,732) | (78,147) |
Hedged of interest [member] | Obligations under repurchase agreements [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (29,660) | (32,677) | (48,086) |
Hedged of interest [member] | Time deposits and other time liabilities [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (370,206) | (420,190) | (419,661) |
Hedged of interest [member] | Interbank borrowings [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (69,054) | (51,922) | (45,801) |
Hedged of interest [member] | Debt instruments issued [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (199,420) | (210,104) | (156,168) |
Hedged of interest [member] | Other financial liabilities [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (752) | (114) | (142) |
Hedged of interest [member] | Other interest expenses [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (397) | (556) | (905) |
Hedged of interest [member] | Gain (loss) from accounting hedges [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 10,374 | 15,339 | 359 |
Hedged of inflation adjustments [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (143,003) | (90,391) | (121,477) |
Hedged of inflation adjustments [member] | Deposits and other demand liabilities [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (141) | (139) | (173) |
Hedged of inflation adjustments [member] | Obligations under repurchase agreements [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (4) | ||
Hedged of inflation adjustments [member] | Time deposits and other time liabilities [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (15,528) | (13,047) | (39,720) |
Hedged of inflation adjustments [member] | Interbank borrowings [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (206) | (2,463) | |
Hedged of inflation adjustments [member] | Debt instruments issued [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (122,832) | (72,780) | (79,126) |
Hedged of inflation adjustments [member] | Other financial liabilities [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (197) | ||
Hedged of inflation adjustments [member] | Other interest expenses [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | $ (4,292) | $ (1,962) | $ (2,261) |
Fee and Commission Income and_3
Fee and Commission Income and Expense - Services Rendered by the Bank and Its Subsidiaries and Correspond (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Fees and income from services [abstract] | |||
Fees and commissions from lines of credits and overdrafts | $ 5,292 | $ 3,306 | $ 4,911 |
Fees and commissions from guarantees and letters of credit | 15,317 | 14,776 | 13,562 |
Fees and commissions from card services | 72,932 | 63,388 | 52,775 |
Fees and commissions from accounts management | 11,512 | 12,024 | 10,171 |
Fees and commissions from collections and payments | 20,359 | 25,359 | 24,813 |
Fees and commissions from brokerage and securities management | 10,966 | 13,183 | 9,454 |
Fees and commissions from asset management | 24,718 | 25,965 | 23,614 |
Compensation for insurance brokerage | 36,693 | 26,096 | 21,477 |
Investment banking and advisory fees | 19,403 | 8,162 | 8,951 |
Fees and commissions from student loans ceded | 5,300 | 4,680 | 3,354 |
Commissions on loan transactions | 651 | 2,560 | 2,572 |
Commissions for mortgage loans | 1,486 | 1,112 | 1,023 |
Other fees from services rendered | 10,982 | 12,088 | 12,768 |
Other commissions earned | 2,345 | 3,721 | 4,356 |
Totals | $ 237,956 | $ 216,420 | $ 193,801 |
Fees and Commission Income and
Fees and Commission Income and Expense - Summary of Expenses for Commissions Accrued in the Year for the Operations (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Fees and income from services [abstract] | |||
Compensation for cards transactions | $ (35,676) | $ (23,439) | $ (29,376) |
Fees and commissions for securities transactions | (2,963) | (4,855) | (3,328) |
Commissions paid for foreign trade transactions | (2,550) | (2,449) | (1,348) |
Commissions paid for customer loyalty program benefits | (2,607) | (1,439) | (1,309) |
Commissions paid for services to customers management | (3,455) | (3,157) | (3,232) |
Other commissions paid | (4,576) | (3,510) | (4,412) |
Totals | $ (51,827) | $ (38,849) | $ (43,005) |
Fee and Commission Income and_4
Fee and Commission Income and Expense - The Income and Expenses for Commissions Generated by the Segment (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of information for cash-generating units [line items] | |||
Fees and commissions from lines of credits and overdrafts | $ 5,292 | $ 3,306 | $ 4,911 |
Fees and commissions from guarantees and letters of credit | 15,317 | 14,776 | 13,562 |
Fees and commissions from card services | 72,932 | 63,388 | 52,775 |
Fees and commissions from accounts management | 11,512 | 12,024 | 10,171 |
Fees and commissions from collections and payments | 20,359 | 25,359 | 24,813 |
Fees and commissions from brokerage and securities management | 10,966 | 13,183 | 9,454 |
Fees and commissions from asset management | 24,718 | 25,965 | 23,614 |
Compensation for insurance brokerage | 36,693 | 26,096 | 21,477 |
Investment banking and advisory fees | 19,403 | 8,162 | 8,951 |
Fees and commissions from student loans ceded | 5,300 | 4,680 | 3,354 |
Commissions on loan transactions | 651 | 2,560 | 2,572 |
Commissions for mortgage loans | 1,486 | 1,112 | 1,023 |
Other commissions earned | 10,982 | 12,088 | 12,768 |
Totals | 237,956 | 216,420 | 193,801 |
Compensation for cards transactions | 35,676 | 23,439 | 29,376 |
Fees and commissions for securities transactions | 2,963 | 4,855 | 3,328 |
Commissions paid for foreign trade transactions | 2,550 | 2,449 | 1,348 |
Commissions paid for customer loyalty program benefits | 2,607 | 1,439 | 1,309 |
Commissions paid for services to customers management | 3,455 | 3,157 | 3,232 |
Other commissions paid | 4,576 | 3,510 | 4,412 |
Totals | 51,827 | $ 38,849 | $ 43,005 |
Cash-generating units [member] | |||
Disclosure of information for cash-generating units [line items] | |||
Fees and commissions from lines of credits and overdrafts | 5,292 | ||
Fees and commissions from guarantees and letters of credit | 15,317 | ||
Fees and commissions from card services | 72,932 | ||
Fees and commissions from accounts management | 11,512 | ||
Fees and commissions from collections and payments | 20,359 | ||
Fees and commissions from brokerage and securities management | 10,966 | ||
Fees and commissions from asset management | 24,718 | ||
Compensation for insurance brokerage | 36,693 | ||
Investment banking and advisory fees | 19,403 | ||
Fees and commissions from student loans ceded | 5,300 | ||
Commissions on loan transactions | 651 | ||
Commissions for mortgage loans | 1,486 | ||
Other commissions earned | 13,327 | ||
Totals | 237,956 | ||
Compensation for cards transactions | (35,676) | ||
Fees and commissions for securities transactions | (2,963) | ||
Commissions paid for foreign trade transactions | (2,550) | ||
Commissions paid for customer loyalty program benefits | (2,607) | ||
Commissions paid for services to customers management | (3,455) | ||
Other commissions paid | (4,576) | ||
Totals | (51,827) | ||
Cash-generating units [member] | Transferred to long time [member] | |||
Disclosure of information for cash-generating units [line items] | |||
Fees and commissions from lines of credits and overdrafts | 5,292 | ||
Fees and commissions from guarantees and letters of credit | 12,267 | ||
Totals | 17,559 | ||
Cash-generating units [member] | Transferred in a moment concrete [member] | |||
Disclosure of information for cash-generating units [line items] | |||
Fees and commissions from guarantees and letters of credit | 3,050 | ||
Fees and commissions from card services | 72,932 | ||
Fees and commissions from accounts management | 11,512 | ||
Fees and commissions from collections and payments | 9,560 | ||
Fees and commissions from brokerage and securities management | 10,966 | ||
Fees and commissions from asset management | 24,718 | ||
Investment banking and advisory fees | 19,403 | ||
Fees and commissions from student loans ceded | 5,300 | ||
Commissions on loan transactions | 651 | ||
Commissions for mortgage loans | 1,486 | ||
Other commissions earned | 13,327 | ||
Totals | 172,905 | ||
Compensation for cards transactions | (35,676) | ||
Fees and commissions for securities transactions | (2,963) | ||
Commissions paid for foreign trade transactions | (2,550) | ||
Commissions paid for customer loyalty program benefits | (2,607) | ||
Commissions paid for services to customers management | (3,455) | ||
Other commissions paid | (4,576) | ||
Totals | (51,827) | ||
Cash-generating units [member] | Model of accrual [member] | |||
Disclosure of information for cash-generating units [line items] | |||
Fees and commissions from collections and payments | 10,799 | ||
Compensation for insurance brokerage | 36,693 | ||
Totals | 47,492 | ||
Cash-generating units [member] | Chile [member] | |||
Disclosure of information for cash-generating units [line items] | |||
Fees and commissions from lines of credits and overdrafts | 5,180 | ||
Fees and commissions from guarantees and letters of credit | 12,267 | ||
Fees and commissions from card services | 47,238 | ||
Fees and commissions from accounts management | 8,471 | ||
Fees and commissions from collections and payments | 12,834 | ||
Fees and commissions from brokerage and securities management | 6,212 | ||
Fees and commissions from asset management | 15,417 | ||
Compensation for insurance brokerage | 36,693 | ||
Investment banking and advisory fees | 19,403 | ||
Fees and commissions from student loans ceded | 5,300 | ||
Commissions on loan transactions | 651 | ||
Commissions for mortgage loans | 1,486 | ||
Other commissions earned | 2,767 | ||
Totals | 173,919 | ||
Compensation for cards transactions | (11,734) | ||
Fees and commissions for securities transactions | (1,744) | ||
Commissions paid for foreign trade transactions | (2,550) | ||
Other commissions paid | (3,805) | ||
Totals | (19,833) | ||
Cash-generating units [member] | Colombia [member] | |||
Disclosure of information for cash-generating units [line items] | |||
Fees and commissions from lines of credits and overdrafts | 112 | ||
Fees and commissions from guarantees and letters of credit | 3,050 | ||
Fees and commissions from card services | 25,694 | ||
Fees and commissions from accounts management | 3,041 | ||
Fees and commissions from collections and payments | 7,525 | ||
Fees and commissions from brokerage and securities management | 4,754 | ||
Fees and commissions from asset management | 9,301 | ||
Other commissions earned | 10,560 | ||
Totals | 64,037 | ||
Compensation for cards transactions | (23,942) | ||
Fees and commissions for securities transactions | (1,219) | ||
Commissions paid for customer loyalty program benefits | (2,607) | ||
Commissions paid for services to customers management | (3,455) | ||
Other commissions paid | (771) | ||
Totals | $ (31,994) |
Net Income (Expense) from Fin_3
Net Income (Expense) from Financial Operations - Schedule of Trading and Investment Income Recognized (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure net trading and investment income [abstract] | |||
Trading instruments (securities) | $ 2,527 | $ 43,323 | $ 40,893 |
Financial derivative contracts (trading) | 152,732 | (63,992) | 44,499 |
Sale of loans and accounts receivable from customers | 1,602 | 15,121 | 18,863 |
Net gain on sale of financial instruments at fair value through other comprehensive income | 13,765 | ||
Net gain on sale of available for sale investments | 13,641 | 7,998 | |
Others | 2,129 | 175 | 699 |
Total | $ 172,755 | $ 8,268 | $ 112,952 |
Net Foreign Exchange Gain (Lo_3
Net Foreign Exchange Gain (Loss) - Schedule of Net Foreign Exchange Gains (Losses) (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Net foreign exchange gain (loss) | |||
Gain (loss) on net foreign currency exchange positions | $ (64,278) | $ 131,196 | $ (30,191) |
Other foreign currency exchange gains (losses) | 5,421 | 1,537 | 1,202 |
Subtotals | (58,857) | 132,733 | (28,989) |
Net exchange rate adjustments gain (loss) | |||
Adjustments for loans and accounts receivable from customers | 93 | (82) | 14 |
Adjustment for investment instruments | 105 | (824) | (121) |
Adjustments to deposits and saving account | (322) | 10 | |
Adjustment for other assets and liabilities | 1,385 | ||
Net gain (loss) from hedge accounting | 41,016 | (87,047) | (19,762) |
Subtotals | 40,892 | (86,568) | (19,859) |
Totals | $ (17,965) | $ 46,165 | $ (48,848) |
Provisions for Impairment of _3
Provisions for Impairment of Financial Assets - Schedule of Changes in Provision for Loan Losses Recorded on the Income (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Provisions released | |||
Credit risk provisions | $ 328,266 | $ 346,980 | $ 269,261 |
Provisions for loan losses [member] | |||
Disclosure of financial assets [line items] | |||
(Loss) for provisions established | (1,290,571) | ||
Charge to income for provisions used | 962,305 | ||
Provisions released | |||
Recovery of loans previously charged-off | 48,468 | ||
Net charge to income | (279,798) | ||
Provisions for loan losses [member] | Interbank loans [member] | |||
Disclosure of financial assets [line items] | |||
(Loss) for provisions established | (344) | (226) | (307) |
Charge to income for provisions used | 131 | 209 | 286 |
Provisions released | |||
Net charge to income | (213) | (17) | (21) |
Provisions for loan losses [member] | Financial instruments at FVTOCI [member] | |||
Disclosure of financial assets [line items] | |||
(Loss) for provisions established | (25) | ||
Charge to income for provisions used | 411 | ||
Provisions released | |||
Net charge to income | 386 | ||
Provisions for loan losses [member] | Financial Instruments at amortized cost [member] | |||
Disclosure of financial assets [line items] | |||
Charge to income for provisions used | 50 | ||
Provisions released | |||
Net charge to income | 50 | ||
Provisions for loan losses [member] | Contingent loans [member] | |||
Disclosure of financial assets [line items] | |||
(Loss) for provisions established | (14,511) | ||
Charge to income for provisions used | 28,354 | ||
Provisions released | |||
Net charge to income | 13,843 | ||
Provisions for loan losses [member] | Loans and accounts receivables from customers [member] | |||
Disclosure of financial assets [line items] | |||
(Loss) for provisions established | (819,494) | (674,341) | |
Charge to income for provisions used | 472,514 | 405,080 | |
Provisions released | |||
Recovery of loans previously charged-off | 31,563 | 23,271 | |
Net charge to income | (315,417) | (245,990) | |
Individually assessed for credit losses [member] | Provisions for loan losses [member] | Interbank loans [member] | |||
Disclosure of financial assets [line items] | |||
(Loss) for provisions established | (226) | (307) | |
Charge to income for provisions used | 209 | 286 | |
Individually assessed for credit losses [member] | Provisions for loan losses [member] | Loans and accounts receivables from customers [member] | |||
Disclosure of financial assets [line items] | |||
(Loss) for provisions established | (338,927) | (388,044) | |
Charge to income for provisions used | 302,713 | 251,868 | |
Collectively assessed for credit losses [member] | Provisions for loan losses [member] | Loans and accounts receivables from customers [member] | |||
Disclosure of financial assets [line items] | |||
(Loss) for provisions established | (480,567) | (286,297) | |
Charge to income for provisions used | 169,801 | 153,212 | |
Commercial loans [member] | Provisions for loan losses [member] | Loans and accounts receivable at amortized cost [member] | |||
Disclosure of financial assets [line items] | |||
(Loss) for provisions established | (634,886) | ||
Charge to income for provisions used | 474,192 | ||
Provisions released | |||
Recovery of loans previously charged-off | 19,921 | ||
Net charge to income | (140,773) | ||
Commercial loans [member] | Provisions for loan losses [member] | Loans and accounts receivables from customers [member] | |||
Disclosure of financial assets [line items] | |||
(Loss) for provisions established | (442,872) | (436,955) | |
Charge to income for provisions used | 336,042 | 273,824 | |
Provisions released | |||
Recovery of loans previously charged-off | 13,236 | 8,898 | |
Net charge to income | (93,594) | (154,233) | |
Commercial loans [member] | Individually assessed for credit losses [member] | Provisions for loan losses [member] | Loans and accounts receivables from customers [member] | |||
Disclosure of financial assets [line items] | |||
(Loss) for provisions established | (338,701) | (387,737) | |
Charge to income for provisions used | 302,504 | 251,582 | |
Commercial loans [member] | Collectively assessed for credit losses [member] | Provisions for loan losses [member] | Loans and accounts receivables from customers [member] | |||
Disclosure of financial assets [line items] | |||
(Loss) for provisions established | (104,171) | (49,218) | |
Charge to income for provisions used | 33,538 | 22,242 | |
Mortgage loans [member] | Provisions for loan losses [member] | Loans and accounts receivable at amortized cost [member] | |||
Disclosure of financial assets [line items] | |||
(Loss) for provisions established | (78,185) | ||
Charge to income for provisions used | 78,873 | ||
Provisions released | |||
Recovery of loans previously charged-off | 2,588 | ||
Net charge to income | 3,276 | ||
Mortgage loans [member] | Provisions for loan losses [member] | Loans and accounts receivables from customers [member] | |||
Disclosure of financial assets [line items] | |||
(Loss) for provisions established | (63,699) | (38,837) | |
Charge to income for provisions used | 31,310 | 34,589 | |
Provisions released | |||
Recovery of loans previously charged-off | 1,908 | 1,285 | |
Net charge to income | (30,481) | (2,963) | |
Mortgage loans [member] | Collectively assessed for credit losses [member] | Provisions for loan losses [member] | Loans and accounts receivables from customers [member] | |||
Disclosure of financial assets [line items] | |||
(Loss) for provisions established | (63,699) | (38,837) | |
Charge to income for provisions used | 31,310 | 34,589 | |
Consumer loans [member] | Provisions for loan losses [member] | Loans and accounts receivable at amortized cost [member] | |||
Disclosure of financial assets [line items] | |||
(Loss) for provisions established | (562,620) | ||
Charge to income for provisions used | 380,294 | ||
Provisions released | |||
Recovery of loans previously charged-off | 25,959 | ||
Net charge to income | $ (156,367) | ||
Consumer loans [member] | Provisions for loan losses [member] | Loans and accounts receivables from customers [member] | |||
Disclosure of financial assets [line items] | |||
(Loss) for provisions established | (312,697) | (198,242) | |
Charge to income for provisions used | 104,953 | 96,381 | |
Provisions released | |||
Recovery of loans previously charged-off | 16,419 | 13,088 | |
Net charge to income | (191,325) | (88,773) | |
Consumer loans [member] | Collectively assessed for credit losses [member] | Provisions for loan losses [member] | Loans and accounts receivables from customers [member] | |||
Disclosure of financial assets [line items] | |||
(Loss) for provisions established | (312,697) | (198,242) | |
Charge to income for provisions used | $ 104,953 | $ 96,381 |
Provisions for Impairment of _4
Provisions for Impairment of Financial Assets - Schedule of Established and Released Provision Amounts (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of financial assets [line items] | |||
Provisions established | $ (1,276,035) | $ (819,494) | $ (674,341) |
Released provisions | 933,490 | 472,514 | 405,080 |
Totals | (342,545) | ||
Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (634,886) | (442,872) | (436,955) |
Released provisions | 474,192 | 336,042 | 273,824 |
Totals | (160,694) | ||
Mortgage loans [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (78,185) | (63,699) | (38,837) |
Released provisions | 78,873 | 31,310 | 34,589 |
Totals | 688 | ||
Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (562,620) | (312,697) | (198,242) |
Released provisions | 380,294 | 104,953 | 96,381 |
Totals | (182,326) | ||
Sub Total [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (1,275,691) | (819,268) | (674,034) |
Released provisions | 933,359 | 472,305 | 404,794 |
Totals | (342,332) | ||
Bank [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (344) | (226) | (307) |
Released provisions | 131 | 209 | 286 |
Totals | $ (213) | ||
Individually assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (338,927) | (388,044) | |
Released provisions | 302,713 | 251,868 | |
Individually assessed for credit losses [member] | Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (338,701) | (387,737) | |
Released provisions | 302,504 | 251,582 | |
Individually assessed for credit losses [member] | Sub Total [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (338,701) | (387,737) | |
Released provisions | 302,504 | 251,582 | |
Individually assessed for credit losses [member] | Bank [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (226) | (307) | |
Released provisions | 209 | 286 | |
Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (480,567) | (286,297) | |
Released provisions | 169,801 | 153,212 | |
Collectively assessed for credit losses [member] | Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (104,171) | (49,218) | |
Released provisions | 33,538 | 22,242 | |
Collectively assessed for credit losses [member] | Mortgage loans [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (63,699) | (38,837) | |
Released provisions | 31,310 | 34,589 | |
Collectively assessed for credit losses [member] | Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (312,697) | (198,242) | |
Released provisions | 104,953 | 96,381 | |
Collectively assessed for credit losses [member] | Sub Total [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (480,567) | (286,297) | |
Released provisions | $ 169,801 | $ 153,212 |
Personnel Salaries and Expens_3
Personnel Salaries and Expenses - Schedule of Personnel Salaries Expenses (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Personnel salaries expenses [abstract] | |||
Personnel compensation | $ (176,083) | $ (174,029) | $ (148,073) |
Bonuses or gratifications | (84,754) | (68,946) | (53,669) |
Compensation for years of service | (12,477) | (18,803) | (32,704) |
Health and life insurance | (804) | (734) | (1,050) |
Training expenses | (2,590) | (3,487) | (1,576) |
Other personnel expenses | (18,039) | (15,324) | (8,593) |
Totals | $ (294,747) | $ (281,323) | $ (245,665) |
Administrative Expenses - Sched
Administrative Expenses - Schedule of Administration Expenses (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Administration expenses [abstract] | |||
Administrative expenses | $ (214,666) | $ (217,130) | $ (164,294) |
Maintenance and repair of fixed assets | (31,673) | (34,754) | (23,226) |
Office lease | (36,201) | (36,482) | (26,308) |
Equipment lease | (2,925) | (2,890) | (2,649) |
Insurance payments | (20,704) | (22,624) | (14,953) |
Office supplies | (1,885) | (2,228) | (2,004) |
IT and communications expenses | (43,667) | (41,872) | (25,860) |
Utilities and other services | (4,443) | (5,022) | (4,240) |
Security and transportation of securities services | (5,250) | (4,691) | (3,469) |
Representation and personnel travel expenses | (3,612) | (3,347) | (2,427) |
Legal and notarial expenses | (15,112) | (9,546) | (7,232) |
Technical report fees | (11,626) | (11,274) | (7,096) |
Professional services fees | (1,825) | (2,358) | (2,535) |
Fees for classification of titles | (134) | (1,613) | (888) |
Fines | (6,059) | (75) | (728) |
ATM maintenance and management services | (2,630) | (5,837) | (5,855) |
Temporary external services | (545) | (812) | (201) |
Postage and mailing expenses | (1,341) | (1,397) | (2,864) |
Internal events | (248) | (666) | (237) |
Commercial programs | (1,242) | (1,253) | (732) |
Credit card management services | (3,102) | (4,363) | (2,609) |
Other administrative expenses | (20,442) | (24,026) | (28,181) |
Subcontracted services | (22,303) | (24,724) | (23,609) |
Data processing | (13,044) | (14,733) | (14,369) |
Products sales | (275) | (832) | (435) |
Others | (8,984) | (9,159) | (8,805) |
Board of Directors compensation | (1,529) | (1,394) | (1,056) |
Marketing and advertising | (14,384) | (16,268) | (8,322) |
Real estate taxes, contributions and levies | (38,854) | (46,106) | (37,923) |
Real estate taxes | (393) | (671) | (443) |
Patents | (1,121) | (1,430) | (1,665) |
Other taxes | (29,324) | (36,031) | (29,591) |
Contributions to SBIF | (8,016) | (7,974) | (6,224) |
Totals | $ (291,736) | $ (305,622) | $ (235,204) |
Depreciation Amortization and I
Depreciation Amortization and Impairment - Schedule of Depreciation and Amortization Expenses (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of financial assets [abstract] | |||
Depreciation of property, plant and equipment | $ (20,659) | $ (19,370) | $ (13,834) |
Amortization of intangible assets | (66,158) | (62,475) | (49,858) |
Totals | $ (86,817) | $ (81,845) | $ (63,692) |
Depreciation Amortization and_2
Depreciation Amortization and Impairment - Schedule of Impairment losses (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of financial assets [line items] | |||
Total | $ (28) | $ (27) | $ (351) |
Financial Investments Available-for-Sale [member] | |||
Disclosure of financial assets [line items] | |||
Subtotal financial assets | 0 | 0 | 0 |
Held to Maturity Investments [Member] | |||
Disclosure of financial assets [line items] | |||
Subtotal financial assets | 0 | 0 | 0 |
Nonfinancial assets property plant and equipment [member] | |||
Disclosure of financial assets [line items] | |||
Subtotal Non-financial assets | (28) | (27) | (351) |
Total | $ (28) | $ (27) | $ (351) |
Depreciation Amortization and_3
Depreciation Amortization and Impairment - Schedule of CGU Book Value (Detail) - Funds Managed by Related Subsidiaries [Member] - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Chile [member] | ||
Disclosure of geographical areas [line items] | ||
Total | $ 2,600,114 | $ 2,563,799 |
Colombia [member] | ||
Disclosure of geographical areas [line items] | ||
Total | $ 843,943 | $ 864,958 |
Depreciation Amortization and_4
Depreciation Amortization and Impairment - Schedule of Respective Authorizations were Obtained in Brazil, Chile and Colombia, Recording and Allocating Goodwill (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Chile [member] | ||
Disclosure of geographical areas [line items] | ||
Goodwill impairment testing | $ 904,868 | $ 904,868 |
Colombia [member] | ||
Disclosure of geographical areas [line items] | ||
Goodwill impairment testing | $ 230,524 | $ 221,795 |
Depreciation Amortization and_5
Depreciation Amortization and Impairment - Schedule of Assumptions Used in Calculating the Rrecoverable Amount (Detail) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Chile [member] | ||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
Perpetuity rate | 5.20% | 5.20% |
Projected inflation rate | 3.00% | |
Discount rate | 10.59% | 10.50% |
Colombia [member] | ||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
Perpetuity rate | 6.50% | 6.50% |
Projected inflation rate | 3.00% | |
Discount rate | 11.99% | 11.50% |
Bottom of Range [Member] | Chile [member] | ||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
Projected inflation rate | 2.80% | |
Loans growth | 9.65% | 8.40% |
Solvency index limit | 12.50% | 10.00% |
Bottom of Range [Member] | Colombia [member] | ||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
Perpetuity rate | 5.90% | 5.90% |
Projected inflation rate | 3.00% | |
Loans growth | 8.60% | 6.20% |
Solvency index limit | 11.50% | 9.00% |
Top of Range [Member] | Chile [member] | ||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
Projected inflation rate | 3.00% | |
Loans growth | 11.10% | 9.90% |
Solvency index limit | 14.70% | 12.00% |
Top of Range [Member] | Colombia [member] | ||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
Perpetuity rate | 7.10% | 7.10% |
Projected inflation rate | 3.40% | |
Loans growth | 10.40% | 13.40% |
Solvency index limit | 4.00% | 10.80% |
Depreciation Amortization and_6
Depreciation Amortization and Impairment - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2018 | |
Chile [member] | |
Disclosure of geographical areas [line items] | |
Projection of loan deposit | 10.43% |
Colombia [member] | |
Disclosure of geographical areas [line items] | |
Projection of loan deposit | 9.42% |
Depreciation Amortization and_7
Depreciation Amortization and Impairment - Schedule of Impairment Assessment Process (Detail) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Chile [member] | ||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
Recoverable Amount / Carrying Value | 113.00% | 118.30% |
Colombia [member] | ||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
Recoverable Amount / Carrying Value | 102.90% | 102.00% |
Depreciation Amortization and_8
Depreciation Amortization and Impairment - Schedule of Discount Rates and Growth in Perpetuity (Detail) - Colombia [member] | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
Discount rates | 12.21% | 11.60% |
Perpetuity growth rate | 6.29% | 6.40% |
Discount rates | 11.99% | 11.50% |
Perpetuity growth rate | 6.50% | 6.50% |
Range | 6.50% | 6.50% |
Bottom of Range [Member] | ||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
Range | 11.39% | 10.90% |
Range (RA/CV) | 93.01% | 91.80% |
Range | 5.90% | 5.90% |
Range (RA/CV) | 94.72% | 91.50% |
Top of Range [Member] | ||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
Range | 12.59% | 12.10% |
Range (RA/CV) | 118.21% | 115.00% |
Range | 7.10% | 7.10% |
Range (RA/CV) | 116.05% | 115.40% |
Depreciation Amortization and_9
Depreciation Amortization and Impairment - Schedule of Cash Flows (Detail) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Chile [member] | ||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
Discount rates | 13.22% | 12.78% |
Recoverable amount/Carrying value | 126.50% | 150.50% |
Colombia [member] | ||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
Discount rates | 18.08% | 17.93% |
Recoverable amount/Carrying value | 111.90% | 118.06% |
Other Operating Income and Ex_3
Other Operating Income and Expenses - Schedule of Other Operating Income (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Income from assets received in lieu of payment | |||
Gain on sales of assets received in lieu of payment | $ 8,562 | $ 5,566 | $ 1,176 |
Other income | 30 | 2,578 | 75 |
Subtotals | 8,592 | 8,144 | 1,251 |
Other income | |||
Compensations from insurance companies | 53 | ||
Gain on sale of property, plant and equipment | 5,519 | 14,119 | 37 |
Recovery of leased assets | 1,349 | 522 | 514 |
Other operating income, subsidiaries | 2,158 | 3,092 | 2,572 |
Gain on sale of leased assets | 1,447 | 19 | 349 |
Other operating income | 199 | 173 | 598 |
Marketing contribution, insurance companies | 3,626 | 4,128 | 7,893 |
Other operating income, leases | 724 | 446 | |
Other income for recovery foreign expenses | 620 | 420 | |
Recoveries from expenses provisions | 1,166 | 2,352 | 4,997 |
Other income | 1,203 | 8,117 | 1,236 |
Subtotals | 18,064 | 33,388 | 18,196 |
Totals | $ 26,656 | $ 41,532 | $ 19,447 |
Other Operating Income and Ex_4
Other Operating Income and Expenses - Schedule of Other Operating Expenses (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of other operating income expense [abstract] | |||
Provisions for assets received in lieu of payment | $ (16,132) | $ (14,472) | $ (9,463) |
Maintenance expenses for assets received in lieu of payment | (1,301) | (714) | (596) |
Subtotal | (17,433) | (15,186) | (10,059) |
Provisions for contingencies | |||
Other provisions for contingencies | (1,998) | (586) | (8,952) |
Subtotals | (1,998) | (586) | (8,952) |
Other expenses. | |||
Loss on sale of property, plant and equipment | (307) | (1,099) | (71) |
Credit card loyalty point benefits expenses | (14,306) | (13,238) | (26,303) |
Operating loss expenses | (10,589) | (8,098) | (2,661) |
Insurance expense (law 20,027) | (622) | (1,205) | (1,420) |
Provision expense for recovered leased assets | (4,170) | (4,835) | (11,327) |
Banking expenses | (2,450) | (3,482) | (2,184) |
Fines and penalties | (13,110) | (2,025) | (880) |
Loss on damaged assets | (2,311) | (2,026) | (962) |
Other expenses | (903) | (10,550) | (6,896) |
Subtotals | (48,768) | (46,558) | (52,704) |
Totals | $ (68,199) | $ (62,330) | $ (71,715) |
Related Party Transactions - Sc
Related Party Transactions - Schedule of Loan Granted to Related Parties (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Loans and acounts receivable from customers | ||
Loans and receivables to customers, net | $ 62,261 | $ 22,739 |
Productive Companies [member] | ||
Loans and acounts receivable from customers | ||
Commercial loans | 170,873 | 113,202 |
Allowance for loan losses | (2,550) | (1,627) |
Loans and receivables to customers, net | 168,323 | 111,575 |
Productive Companies [member] | Commercial loans [member] | ||
Loans and acounts receivable from customers | ||
Commercial loans | 170,873 | 113,202 |
Investment Companies [member] | ||
Loans and acounts receivable from customers | ||
Commercial loans | 64,073 | 79,715 |
Allowance for loan losses | (70) | (5,252) |
Loans and receivables to customers, net | 64,003 | 74,463 |
Investment Companies [member] | Commercial loans [member] | ||
Loans and acounts receivable from customers | ||
Commercial loans | 64,073 | 79,715 |
Individuals [member] | ||
Loans and acounts receivable from customers | ||
Commercial loans | 31,075 | 28,084 |
Allowance for loan losses | (63) | (96) |
Loans and receivables to customers, net | 31,012 | 27,988 |
Individuals [member] | Commercial loans [member] | ||
Loans and acounts receivable from customers | ||
Commercial loans | 3,960 | 3,730 |
Individuals [member] | Mortgages loans [member] | ||
Loans and acounts receivable from customers | ||
Commercial loans | 21,154 | 19,273 |
Individuals [member] | Consumer loans [member] | ||
Loans and acounts receivable from customers | ||
Commercial loans | $ 5,961 | $ 5,081 |
Related Party Transactions - _2
Related Party Transactions - Schedule of Other Transactions with Related Parties (Detail) - CLP ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Redbanc S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | ATM management | ATM management | ATM management |
Effect on profit (loss) expense MCh$ | $ 3,002,000,000 | $ 3,355,000,000 | $ 3,754 |
Transbank S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Credit card management | Credit card management | Credit card management |
Effect on profit (loss) expense MCh$ | $ 15,469,000,000 | $ 14,586,000,000 | $ 10,882 |
Combanc S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Data transmission services | Data transmission services | Data transmission services |
Effect on profit (loss) expense MCh$ | $ 350,000,000 | $ 378,000,000 | $ 291 |
Itau Chile Cia. de Seguros de Vida S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Life insurance | Life insurance | Life insurance |
Effect on profit (loss) income MCh$ | $ 93,000,000 | $ 7,819 | $ 5,653 |
Effect on profit (loss) expense MCh$ | $ 706,000,000 | $ 948,000,000 | $ 2,782 |
Asesorias Cumelen S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Advisory services | Advisory services | |
Effect on profit (loss) expense MCh$ | $ 450 | ||
Corp Research S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Advisory services | Management advisory services | Management advisory services |
Effect on profit (loss) expense MCh$ | $ 463,000,000 | $ 453,000,000 | $ 443 |
Itau Chile Inv. Serv.y Administracion S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Leases | Leases | Leases |
Effect on profit (loss) income MCh$ | $ 204,000,000 | ||
Effect on profit (loss) expense MCh$ | $ 141,000,000 | $ 650,000,000 | $ 422 |
Compania De Seguros Confuturo S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Insurance | Insurance | |
Effect on profit (loss) expense MCh$ | $ 1,418 | ||
Instituto De Estudios Bancarios Guillermo Subercaseaux [member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Education services | Education services | Education services |
Effect on profit (loss) expense MCh$ | $ 121,000,000 | $ 143,000,000 | $ 69 |
Opina S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Publishing services | Publishing services | |
Effect on profit (loss) expense MCh$ | $ 110 | ||
VIP Asesoriasy Servicios Integrales Ltda. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Advisory services | Advisory services | Advisory services |
Effect on profit (loss) expense MCh$ | $ 129,000,000 | $ 415,000,000 | $ 185 |
Everis ChileSA [member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Advisory services | Advisory services | |
Effect on profit (loss) expense MCh$ | $ 906,000,000 | $ 607,000,000 | |
CAI Gestion Inmobiliaria S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Department stores | Commercial home (Department stores) | Commercial home (Department stores) |
Effect on profit (loss) expense MCh$ | $ 103,000,000 | $ 115,000,000 | $ 90 |
Compania de Seguros Corp Seguros S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Insurance | Insurance | |
Effect on profit (loss) expense MCh$ | $ 3,263 | ||
Universidad Andres Bello [member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Education services | Education services | |
Effect on profit (loss) expense MCh$ | $ 32 | ||
Promoservice S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Promotional services | Promotion services | Promotion services |
Effect on profit (loss) expense MCh$ | $ 267,000,000 | $ 1,431 | |
Comder Contraparte Central S.A [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Banking services | Banking services | Banking services |
Effect on profit (loss) expense MCh$ | $ 902,000,000 | $ 1,067,000,000 | $ 697 |
Sinacofi S.A [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Data transmission services | Data transmission services | |
Effect on profit (loss) expense MCh$ | $ 918 | ||
Operadora de Tarjeta de Credito Nexus S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Credit card management | Credit Card processing | Credit Card processing |
Effect on profit (loss) expense MCh$ | $ 2,909,000,000 | $ 3,836,000,000 | $ 1,896 |
Pulso Editorial S.A [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Publishing services | Publishing services | Publishing services |
Effect on profit (loss) expense MCh$ | $ 471,000,000 | $ 509,000,000 | $ 521 |
Inmobiliaria Edificio Corpgroup S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Office lease and building fees | Corporate office rent and building cost | Corporate office rent and building cost |
Effect on profit (loss) expense MCh$ | $ 4,693,000,000 | $ 4,725,000,000 | $ 5,010 |
Grupo de Radios Dial S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Publicity | Publicity | |
Effect on profit (loss) expense MCh$ | $ 107 | ||
Hotel Corporation of Chile S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Hotel, events | Accommodation, events | Accommodation, events |
Effect on profit (loss) expense MCh$ | $ 94,000,000 | $ 265,000,000 | $ 64 |
Corp Imagen y disenos S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Marketing | Other services | Other services |
Effect on profit (loss) expense MCh$ | $ 99,000,000 | $ 196,000,000 | $ 82 |
Asesorias e Inversiones Rapelco Limitada S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Other services | Other services | |
Effect on profit (loss) expense MCh$ | $ 37 | ||
Corp Group Holding Inversiones Limitada [member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Advisory services | Advisory services | Advisory services |
Effect on profit (loss) expense MCh$ | $ 408,000,000 | $ 398,000,000 | $ 394 |
SMU SA, Rendic Hnos. S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Lease of ATM space 6) | Prepaid rent for space for ATMs | Prepaid rent for space for ATMs |
Balances receivable (payable) MCh$ | $ 5,698 | $ 7,960 | $ 10,181 |
Effect on profit (loss) expense MCh$ | $ 2,262,000,000 | $ 2,221,000,000 | $ 2,152 |
Inversiones Corp Group Interhold Ltda [member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Administrative consulting | Management advisory services | Management advisory services |
Effect on profit (loss) expense MCh$ | $ 2,476,000,000 | $ 3,097,000,000 | $ 2,172 |
Bcycle Latam SPA [member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Administrative consulting | Other services | |
Effect on profit (loss) expense MCh$ | $ 4,048,000,000 | $ 552,000,000 | |
Itau Unibanco S.A [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Advisory services | ||
Bolsa de Comercio de Santiago [member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Other services | ||
Effect on profit (loss) expense MCh$ | $ 204,000,000 | ||
Adexus S A [member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Data transmission services | ||
Effect on profit (loss) expense MCh$ | $ 254,000,000 | ||
Recuperadora de Creditos S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Credit collection | Credit collection | |
Effect on profit (loss) expense MCh$ | $ 540 |
Related Party Transactions - _3
Related Party Transactions - Schedule of Donations (Detail) - Donations [member] - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Fundacion Corpgroup Centro Cultural [member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Donations | ||
Balances receivable (payable) MCh$ | $ 1,225 | $ 1,302 | $ 1,373 |
Fundacion Descubreme [member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Donations | ||
Balances receivable (payable) MCh$ | $ 194 | 200 | 173 |
Fundacion Itau [member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Donations | ||
Balances receivable (payable) MCh$ | $ 157 | 167 | 152 |
Fundacion De Inclusion Social Aprendamos [member] | |||
Disclosure of transactions between related parties [line items] | |||
Description | Donations | ||
Balances receivable (payable) MCh$ | $ 5 | $ 5 |
Related Party Transactions - _4
Related Party Transactions - Schedule of Other Assets and Liabilities with Related Parties (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of transactions between related parties [line items] | ||
Assets | $ 29,323,338 | $ 28,032,773 |
Derivative financial instruments | 1,368,957 | 1,248,775 |
Other assets | 501,797 | 429,025 |
LIABILITIES | 25,885,778 | 24,604,016 |
Derivative financial instruments | 1,112,806 | 1,095,154 |
Other liabilities | 521,795 | 463,435 |
Related parties1 [member] | ||
Disclosure of transactions between related parties [line items] | ||
Assets | 26,854 | 23,962 |
Derivative financial instruments | 25,708 | 21,687 |
Other assets | 1,146 | 2,275 |
LIABILITIES | 188,057 | 185,056 |
Derivative financial instruments | 860 | 1,935 |
Current accounts and demand deposits | 30,466 | 37,464 |
Time deposits and saving accounts | 145,995 | 131,409 |
Other liabilities | $ 10,736 | $ 14,248 |
Related Party Transactions - _5
Related Party Transactions - Schedule of Result of Transactions with Related Parties (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of transactions between related parties [line items] | |||
Income and expenses for commissions and services | $ (186,129) | $ (177,571) | $ (150,796) |
Income [member] | |||
Disclosure of transactions between related parties [line items] | |||
Income and interest expenses and readjustments | 3,748 | 10,146 | 11,370 |
Income and expenses for commissions and services | 829 | 5,227 | 5,483 |
Profit and loss from trading | 1,146 | 2,333 | 3,399 |
Operational support expenses | 1,075 | 537 | 324 |
Other income and expenses | 84 | 216 | 70 |
Totals | 6,882 | 18,459 | 20,646 |
Expense [member] | |||
Disclosure of transactions between related parties [line items] | |||
Income and interest expenses and readjustments | 2,970 | 4,902 | 5,913 |
Profit and loss from trading | 501 | 1,534 | 7,810 |
Operational support expenses | 99 | 438 | |
Other income and expenses | 222 | 390 | 303 |
Totals | $ 3,693 | $ 6,925 | $ 14,464 |
Related Party Transactions - _6
Related Party Transactions - Schedule of Payments to Board of Directors and Key Management Personnel (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Related party transactions [abstract] | |||
Short-term employee benefits | $ 31,892 | $ 27,759 | $ 35,762 |
Post-employment benefits | 0 | 0 | 0 |
Other long-term benefits | 0 | 0 | 0 |
Compensation for termination of contract | 1,337 | 3,471 | 14,893 |
Totals | $ 33,229 | $ 31,230 | $ 50,655 |
Related Party Transactions - Ad
Related Party Transactions - Additional Information (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of transactions between related parties [line items] | |||
Compensation received by the key management personnel | $ 33,229 | $ 31,230 | $ 50,655 |
Key management personnel [member] | |||
Disclosure of transactions between related parties [line items] | |||
Compensation received by the key management personnel | $ 22,185 | $ 21,505 |
Related Party Transactions - _7
Related Party Transactions - Schedule of Conformation of Key Personnel (Detail) pure in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Directors [member] | ||
Disclosure of transactions between related parties [line items] | ||
Number of executives | 12 | 11 |
Chief executive officers at subsidiaries [member] | ||
Disclosure of transactions between related parties [line items] | ||
Number of executives | 11 | 7 |
Corporative Manager [member] | ||
Disclosure of transactions between related parties [line items] | ||
Number of executives | 10 | 11 |
Area Manager [member] | ||
Disclosure of transactions between related parties [line items] | ||
Number of executives | 145 | 94 |
Deputy Managers [member] | ||
Disclosure of transactions between related parties [line items] | ||
Number of executives | 163 | 155 |
VicePresidents[ member] | ||
Disclosure of transactions between related parties [line items] | ||
Number of executives | 14 | 2 |
Related Party Transactions - _8
Related Party Transactions - Schedule of Transactions with Key Personnel (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Credit Cards [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
MCh$ | $ 89 | $ 390 |
Consumer loans [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
MCh$ | 339 | 793 |
Commerical loans1[member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
MCh$ | 536 | 815 |
Mortgages1 [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
MCh$ | $ 2,325 | $ 3,541 |
Fair Value of Financial Asset_3
Fair Value of Financial Assets and Liabilities - Schedule of Determination of the Fair Value of Financial Instruments (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
ASSETS | |||
Financial assets | $ 20,382,605 | $ 20,382,605 | |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IFRS9 [member] | |||
ASSETS | |||
Financial assets | $ 26,793,396 | ||
LIABILITIES | |||
Financial liabilities | 25,147,418 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IFRS9 [member] | Deposits and other demand liabilities [member] | |||
LIABILITIES | |||
Financial liabilities | 4,300,475 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IFRS9 [member] | Cash in process of being cleared [member] | |||
LIABILITIES | |||
Financial liabilities | 247,165 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IFRS9 [member] | Obligations under repurchase agreements [member] | |||
LIABILITIES | |||
Financial liabilities | 1,015,614 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IFRS9 [member] | Time deposits and other time liabilities [member] | |||
LIABILITIES | |||
Financial liabilities | 10,121,111 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IFRS9 [member] | Financial derivative contracts [member] | |||
LIABILITIES | |||
Financial liabilities | 1,112,806 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IFRS9 [member] | Interbank borrowings [member] | |||
LIABILITIES | |||
Financial liabilities | 2,327,723 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IFRS9 [member] | Debt instruments issued [member] | |||
LIABILITIES | |||
Financial liabilities | 6,010,124 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IFRS9 [member] | Other financial obligations [Member] | |||
LIABILITIES | |||
Financial liabilities | 12,400 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IFRS9 [member] | Cash and deposits in banks [member] | |||
ASSETS | |||
Financial assets | 987,680 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IFRS9 [member] | Cash items in process of collection [member] | |||
ASSETS | |||
Financial assets | 318,658 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IFRS9 [member] | Financial instruments at fair value through profit and loss [member] | |||
ASSETS | |||
Financial assets | 96,943 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IFRS9 [member] | Financial instruments at FVTOCI [member] | |||
ASSETS | |||
Financial assets | 2,657,154 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IFRS9 [member] | Loans and receivables from banks, net [member] | |||
ASSETS | |||
Financial assets | 20,714,370 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IFRS9 [member] | Financial Instruments at amortized cost [member] | |||
ASSETS | |||
Financial assets | 198,923 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IFRS9 [member] | Investments under Agreements to Resell [Member] | |||
ASSETS | |||
Financial assets | 109,467 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IFRS9 [member] | Financial derivative contracts [member] | |||
ASSETS | |||
Financial assets | 1,368,957 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IFRS9 [member] | Interbank loans [member] | |||
ASSETS | |||
Financial assets | 341,244 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IAS 39 [member] | |||
ASSETS | |||
Financial assets | 25,513,070 | ||
LIABILITIES | |||
Financial liabilities | 23,995,714 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IAS 39 [member] | Deposits and other demand liabilities [member] | |||
LIABILITIES | |||
Financial liabilities | 4,141,667 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IAS 39 [member] | Cash in process of being cleared [member] | |||
LIABILITIES | |||
Financial liabilities | 109,496 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IAS 39 [member] | Obligations under repurchase agreements [member] | |||
LIABILITIES | |||
Financial liabilities | 420,920 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IAS 39 [member] | Time deposits and other time liabilities [member] | |||
LIABILITIES | |||
Financial liabilities | 10,065,243 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IAS 39 [member] | Financial derivative contracts [member] | |||
LIABILITIES | |||
Financial liabilities | 1,095,154 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IAS 39 [member] | Interbank borrowings [member] | |||
LIABILITIES | |||
Financial liabilities | 2,196,130 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IAS 39 [member] | Debt instruments issued [member] | |||
LIABILITIES | |||
Financial liabilities | 5,950,038 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IAS 39 [member] | Other financial obligations [Member] | |||
LIABILITIES | |||
Financial liabilities | 17,066 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IAS 39 [member] | Cash and deposits in banks [member] | |||
ASSETS | |||
Financial assets | 964,030 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IAS 39 [member] | Cash items in process of collection [member] | |||
ASSETS | |||
Financial assets | 157,017 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IAS 39 [member] | Loans and receivables from banks, net [member] | |||
ASSETS | |||
Financial assets | 19,764,078 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IAS 39 [member] | Investments under Agreements to Resell [Member] | |||
ASSETS | |||
Financial assets | 28,524 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IAS 39 [member] | Financial derivative contracts [member] | |||
ASSETS | |||
Financial assets | 1,248,775 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IAS 39 [member] | Interbank loans [member] | |||
ASSETS | |||
Financial assets | 70,077 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IAS 39 [member] | Trading investments [member] | |||
ASSETS | |||
Financial assets | 415,061 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IAS 39 [member] | Available For Sale Investment [member] | |||
ASSETS | |||
Financial assets | 2,663,478 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | IAS 39 [member] | Financial assets at fair value through profit or loss, classified as held for trading, category [member] | |||
ASSETS | |||
Financial assets | 202,030 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | |||
ASSETS | |||
Financial assets | 4,123,054 | ||
LIABILITIES | |||
Financial liabilities | 1,112,806 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial derivative contracts [member] | |||
LIABILITIES | |||
Financial liabilities | 1,112,806 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at fair value through profit and loss [member] | |||
ASSETS | |||
Financial assets | 96,943 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at FVTOCI [member] | |||
ASSETS | |||
Financial assets | 2,657,154 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial derivative contracts [member] | |||
ASSETS | |||
Financial assets | 1,368,957 | ||
LIABILITIES | |||
Financial liabilities | 1,112,806 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | |||
ASSETS | |||
Financial assets | 4,327,314 | ||
LIABILITIES | |||
Financial liabilities | 1,095,154 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Financial derivative contracts [member] | |||
LIABILITIES | |||
Financial liabilities | 1,095,154 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Financial derivative contracts [member] | |||
ASSETS | |||
Financial assets | 1,248,775 | ||
LIABILITIES | |||
Financial liabilities | 1,095,154 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading investments [member] | |||
ASSETS | |||
Financial assets | 415,061 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Available For Sale Investment [member] | |||
ASSETS | |||
Financial assets | 2,663,478 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | |||
ASSETS | |||
Financial assets | 22,784,462 | ||
LIABILITIES | |||
Financial liabilities | 24,358,412 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Deposits and other demand liabilities [member] | |||
LIABILITIES | |||
Financial liabilities | 4,300,475 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Cash in process of being cleared [member] | |||
LIABILITIES | |||
Financial liabilities | 247,165 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Obligations under repurchase agreements [member] | |||
LIABILITIES | |||
Financial liabilities | 1,015,614 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Time deposits and other time liabilities [member] | |||
LIABILITIES | |||
Financial liabilities | 10,135,722 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Interbank borrowings [member] | |||
LIABILITIES | |||
Financial liabilities | 2,335,509 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Debt instruments issued [member] | |||
LIABILITIES | |||
Financial liabilities | 6,311,527 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Other financial obligations [Member] | |||
LIABILITIES | |||
Financial liabilities | 12,400 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Cash and deposits in banks [member] | |||
ASSETS | |||
Financial assets | 987,680 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Cash items in process of collection [member] | |||
ASSETS | |||
Financial assets | 318,658 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Loans and receivables from banks, net [member] | |||
ASSETS | |||
Financial assets | 20,827,852 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial Instruments at amortized cost [member] | |||
ASSETS | |||
Financial assets | 199,561 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Investments under Agreements to Resell [Member] | |||
ASSETS | |||
Financial assets | 109,467 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Interbank loans [member] | |||
ASSETS | |||
Financial assets | $ 341,244 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | |||
ASSETS | |||
Financial assets | 21,314,379 | ||
LIABILITIES | |||
Financial liabilities | 23,189,950 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Deposits and other demand liabilities [member] | |||
LIABILITIES | |||
Financial liabilities | 4,141,667 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Cash in process of being cleared [member] | |||
LIABILITIES | |||
Financial liabilities | 109,496 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Obligations under repurchase agreements [member] | |||
LIABILITIES | |||
Financial liabilities | 420,920 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Time deposits and other time liabilities [member] | |||
LIABILITIES | |||
Financial liabilities | 10,099,251 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Interbank borrowings [member] | |||
LIABILITIES | |||
Financial liabilities | 2,216,507 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Debt instruments issued [member] | |||
LIABILITIES | |||
Financial liabilities | 6,185,043 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Other financial obligations [Member] | |||
LIABILITIES | |||
Financial liabilities | 17,066 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Cash and deposits in banks [member] | |||
ASSETS | |||
Financial assets | 964,030 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Cash items in process of collection [member] | |||
ASSETS | |||
Financial assets | 157,017 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Loans and receivables from banks, net [member] | |||
ASSETS | |||
Financial assets | 19,893,448 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Investments under Agreements to Resell [Member] | |||
ASSETS | |||
Financial assets | 28,524 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Interbank loans [member] | |||
ASSETS | |||
Financial assets | 70,077 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Financial assets at fair value through profit or loss, classified as held for trading, category [member] | |||
ASSETS | |||
Financial assets | $ 201,283 |
Fair Value of Financial Asset_4
Fair Value of Financial Assets and Liabilities - Schedule of Fair Value Measurements of Assets and Liabilities Only for Disclosure Purposes (Non-recurring) (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
ASSETS | |||
Financial assets | $ 20,382,605 | $ 20,382,605 | |
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | |||
ASSETS | |||
Financial assets | $ 22,784,462 | ||
LIABILITIES | |||
Financial liabilities | 24,358,412 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Deposits and other demand liabilities [member] | |||
LIABILITIES | |||
Financial liabilities | 4,300,475 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Cash in process of being cleared [member] | |||
LIABILITIES | |||
Financial liabilities | 247,165 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Obligations under repurchase agreements [member] | |||
LIABILITIES | |||
Financial liabilities | 1,015,614 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Time deposits and other time liabilities [member] | |||
LIABILITIES | |||
Financial liabilities | 10,135,722 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Interbank borrowings [member] | |||
LIABILITIES | |||
Financial liabilities | 2,335,509 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Debt instruments issued [member] | |||
LIABILITIES | |||
Financial liabilities | 6,311,527 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Other financial obligations [Member] | |||
LIABILITIES | |||
Financial liabilities | 12,400 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Cash and deposits in banks [member] | |||
ASSETS | |||
Financial assets | 987,680 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Cash items in process of collection [member] | |||
ASSETS | |||
Financial assets | 318,658 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Loans and receivables from customers, net [member] | |||
ASSETS | |||
Financial assets | 20,827,852 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Investments under Agreements to Resell [Member] | |||
ASSETS | |||
Financial assets | 109,467 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Interbank loans [member] | |||
ASSETS | |||
Financial assets | 341,244 | ||
Non-Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial assets at amortised cost [member] | |||
ASSETS | |||
Financial assets | $ 199,561 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | |||
ASSETS | |||
Financial assets | 21,314,379 | ||
LIABILITIES | |||
Financial liabilities | 23,189,950 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Deposits and other demand liabilities [member] | |||
LIABILITIES | |||
Financial liabilities | 4,141,667 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Cash in process of being cleared [member] | |||
LIABILITIES | |||
Financial liabilities | 109,496 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Obligations under repurchase agreements [member] | |||
LIABILITIES | |||
Financial liabilities | 420,920 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Time deposits and other time liabilities [member] | |||
LIABILITIES | |||
Financial liabilities | 10,099,251 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Interbank borrowings [member] | |||
LIABILITIES | |||
Financial liabilities | 2,216,507 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Debt instruments issued [member] | |||
LIABILITIES | |||
Financial liabilities | 6,185,043 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Other financial obligations [Member] | |||
LIABILITIES | |||
Financial liabilities | 17,066 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Cash and deposits in banks [member] | |||
ASSETS | |||
Financial assets | 964,030 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Cash items in process of collection [member] | |||
ASSETS | |||
Financial assets | 157,017 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Loans and receivables from customers, net [member] | |||
ASSETS | |||
Financial assets | 19,893,448 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Investments under Agreements to Resell [Member] | |||
ASSETS | |||
Financial assets | 28,524 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Interbank loans [member] | |||
ASSETS | |||
Financial assets | 70,077 | ||
Non-Recurring Fair Value Measurement [Member] | IAS 39 [member] | Financial assets at fair value through profit or loss, classified as held for trading, category [member] | |||
ASSETS | |||
Financial assets | $ 201,283 |
Fair Value of Financial Asset_5
Fair Value of Financial Assets and Liabilities - Schedule of Fair Value Measurement of Financial Assets and Liabilities (Recurring) (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
ASSETS | |||
Financial assets | $ 20,382,605 | $ 20,382,605 | |
Recurring Fair Value Measurement [Member] | IFRS9 [member] | |||
ASSETS | |||
Financial assets | $ 4,123,054 | ||
LIABILITIES | |||
Financial liabilities | 1,112,806 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Forward Contract [Member] | Derivative Financial Instruments Liabilities [member] | |||
LIABILITIES | |||
Financial liabilities | 322,241 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Swap contract [member] | Derivative Financial Instruments Liabilities [member] | |||
LIABILITIES | |||
Financial liabilities | 788,133 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Call options [member] | Derivative Financial Instruments Liabilities [member] | |||
LIABILITIES | |||
Financial liabilities | 1,493 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Put options [member] | Derivative Financial Instruments Liabilities [member] | |||
LIABILITIES | |||
Financial liabilities | 939 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Trading Portfolio Financial Assets [member] | Financial instruments at fair value through profit and loss [member] | |||
ASSETS | |||
Financial assets | 96,943 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Trading Portfolio Financial Assets [member] | Chilean Central Bank Securities [member] | |||
ASSETS | |||
Financial assets | 36,608 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Trading Portfolio Financial Assets [member] | Other Instruments Issued in Chile [Member] | |||
ASSETS | |||
Financial assets | 4,017 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Trading Portfolio Financial Assets [member] | Foreign government and central bank instruments [member] | |||
ASSETS | |||
Financial assets | 23,276 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Trading Portfolio Financial Assets [member] | Other securities issued abroad [member] | |||
ASSETS | |||
Financial assets | 19,505 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Trading Portfolio Financial Assets [member] | Investments in mutual funds [member] | |||
ASSETS | |||
Financial assets | 3,532 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Trading Portfolio Financial Assets [member] | Other investments at fair value through profit or loss [member] | |||
ASSETS | |||
Financial assets | 10,005 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Trading Portfolio Financial Assets [member] | Financial instruments at FVTOCI [member] | |||
ASSETS | |||
Financial assets | 2,657,154 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial Investments Available-for-Sale [member] | Foreign government and central bank instruments [member] | |||
ASSETS | |||
Financial assets | 769,693 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial Investments Available-for-Sale [member] | Other securities issued abroad [member] | |||
ASSETS | |||
Financial assets | 332,560 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial Investments Available-for-Sale [member] | Chilean Central Bank and Government Securities [member] | |||
ASSETS | |||
Financial assets | 1,352,084 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial Investments Available-for-Sale [member] | Other securities issued in Chile [member] | |||
ASSETS | |||
Financial assets | 196,439 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial Investments Available-for-Sale [member] | Other investments at fair value through other comprehensive income [member] | |||
ASSETS | |||
Financial assets | 6,378 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial derivative contracts [member] | |||
ASSETS | |||
Financial assets | 1,368,957 | ||
LIABILITIES | |||
Financial liabilities | 1,112,806 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Derivative financial instruments [member] | Forward Contract [Member] | |||
ASSETS | |||
Financial assets | 342,993 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Derivative financial instruments [member] | Swap contract [member] | |||
ASSETS | |||
Financial assets | 1,021,701 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Derivative financial instruments [member] | Call options [member] | |||
ASSETS | |||
Financial assets | 4,217 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Derivative financial instruments [member] | Put options [member] | |||
ASSETS | |||
Financial assets | $ 46 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | |||
ASSETS | |||
Financial assets | 4,327,314 | ||
LIABILITIES | |||
Financial liabilities | 1,095,154 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Forward Contract [Member] | Derivative Financial Instruments Liabilities [member] | |||
LIABILITIES | |||
Financial liabilities | 333,482 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Swap contract [member] | Derivative Financial Instruments Liabilities [member] | |||
LIABILITIES | |||
Financial liabilities | 759,216 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Call options [member] | Derivative Financial Instruments Liabilities [member] | |||
LIABILITIES | |||
Financial liabilities | 86 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Put options [member] | Derivative Financial Instruments Liabilities [member] | |||
LIABILITIES | |||
Financial liabilities | 2,370 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Chilean Central Bank Securities [member] | |||
ASSETS | |||
Financial assets | 7,126 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Other Instruments Issued in Chile [Member] | |||
ASSETS | |||
Financial assets | 5 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Foreign government and central bank instruments [member] | |||
ASSETS | |||
Financial assets | 381,262 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Other securities issued abroad [member] | |||
ASSETS | |||
Financial assets | 8,147 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Investments in mutual funds [member] | |||
ASSETS | |||
Financial assets | 18,521 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Trading investments [member] | |||
ASSETS | |||
Financial assets | 415,061 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Financial Investments Available-for-Sale [member] | |||
ASSETS | |||
Financial assets | 2,663,478 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Financial Investments Available-for-Sale [member] | Foreign government and central bank instruments [member] | |||
ASSETS | |||
Financial assets | 420,687 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Financial Investments Available-for-Sale [member] | Other securities issued abroad [member] | |||
ASSETS | |||
Financial assets | 300,740 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Financial Investments Available-for-Sale [member] | Chilean Central Bank and Government Securities [member] | |||
ASSETS | |||
Financial assets | 1,783,877 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Financial Investments Available-for-Sale [member] | Other securities issued in Chile [member] | |||
ASSETS | |||
Financial assets | 147,762 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Financial Investments Available-for-Sale [member] | Mutual Funds Investment [Member] | |||
ASSETS | |||
Financial assets | 10,412 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Financial derivative contracts [member] | |||
ASSETS | |||
Financial assets | 1,248,775 | ||
LIABILITIES | |||
Financial liabilities | 1,095,154 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Derivative financial instruments [member] | Forward Contract [Member] | |||
ASSETS | |||
Financial assets | 316,901 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Derivative financial instruments [member] | Swap contract [member] | |||
ASSETS | |||
Financial assets | 930,744 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Derivative financial instruments [member] | Call options [member] | |||
ASSETS | |||
Financial assets | 421 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Derivative financial instruments [member] | Put options [member] | |||
ASSETS | |||
Financial assets | $ 709 |
Financial Assets and Liabilitie
Financial Assets and Liabilities Measured at Fair Value - Schedule of Financial Derivative Instruments (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of financial assets [line items] | |||
CVA | $ (37,821) | $ (53,398) | $ (51,997) |
DVA | 340 | 1,369 | 1,247 |
Derivative financial instruments held for hedging [member] | |||
Disclosure of financial assets [line items] | |||
CVA | (2) | (36) | |
DVA | 815 | 244 | |
Derivative financial instruments held for hedging [member] | Fair Value Hedges [Member] | |||
Disclosure of financial assets [line items] | |||
CVA | (11) | (12) | |
DVA | 783 | 274 | |
Derivative financial instruments held for hedging [member] | Fair Value Hedges [Member] | Currency Swap Contract [Member] | |||
Disclosure of financial assets [line items] | |||
CVA | (5) | 9 | |
DVA | 222 | 37 | |
Derivative financial instruments held for hedging [member] | Fair Value Hedges [Member] | Interest rate swaps contract [member] | |||
Disclosure of financial assets [line items] | |||
CVA | (6) | (21) | |
DVA | 561 | 237 | |
Derivative financial instruments held for hedging [member] | Cash Flow Hedges [Member] | |||
Disclosure of financial assets [line items] | |||
CVA | 1 | (18) | |
DVA | 54 | (6) | |
Derivative financial instruments held for hedging [member] | Cash Flow Hedges [Member] | Currency Forward Contract [member] | |||
Disclosure of financial assets [line items] | |||
CVA | (1) | (17) | |
DVA | (13) | ||
Derivative financial instruments held for hedging [member] | Cash Flow Hedges [Member] | Currency Swap Contract [Member] | |||
Disclosure of financial assets [line items] | |||
CVA | (1) | ||
DVA | 27 | 5 | |
Derivative financial instruments held for hedging [member] | Cash Flow Hedges [Member] | Interest rate swaps contract [member] | |||
Disclosure of financial assets [line items] | |||
CVA | 2 | ||
DVA | 40 | (11) | |
Derivative financial instruments held for hedging [member] | Hedges of net investment in foreign operations [member] | |||
Disclosure of financial assets [line items] | |||
CVA | 8 | (6) | |
DVA | (22) | (24) | |
Derivative financial instruments held for hedging [member] | Hedges of net investment in foreign operations [member] | Currency Forward Contract [member] | |||
Disclosure of financial assets [line items] | |||
CVA | 8 | (6) | |
DVA | (22) | (24) | |
Derivative financial instruments held for trading [member] | |||
Disclosure of financial assets [line items] | |||
CVA | (37,821) | (53,396) | (51,961) |
DVA | 340 | 554 | 1,003 |
Derivative financial instruments held for trading [member] | Currency Forward Contract [member] | |||
Disclosure of financial assets [line items] | |||
CVA | (127) | (258) | (1,161) |
DVA | 65 | (724) | (72) |
Derivative financial instruments held for trading [member] | Currency Swap Contract [Member] | |||
Disclosure of financial assets [line items] | |||
CVA | (31,167) | (42,829) | (28,951) |
DVA | 127 | 367 | 526 |
Derivative financial instruments held for trading [member] | Interest rate swaps contract [member] | |||
Disclosure of financial assets [line items] | |||
CVA | (6,527) | (10,244) | (21,860) |
DVA | $ 148 | 911 | 549 |
Derivative financial instruments held for trading [member] | Currency call options [member] | |||
Disclosure of financial assets [line items] | |||
CVA | (10) | ||
Derivative financial instruments held for trading [member] | Currency put options [member] | |||
Disclosure of financial assets [line items] | |||
CVA | $ (65) | $ 21 |
Fair Value of Financial Asset_6
Fair Value of Financial Assets and Liabilities - Schedule of Impacts on the Portfolio of a Recalibration (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
American forward USDCLP [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Volatility exchange rate | $ 0 | $ 0 |
Basis TAB [member] | CLP [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Volatility exchange rate | 0 | 0 |
TAB 30 | 116 | 157 |
TAB 90 | 26 | 46 |
TAB 180 | 50 | |
TAB 360 | 3 | |
Totals | 195 | 203 |
Basis TAB [member] | CLF [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Volatility exchange rate | 0 | 0 |
TAB 180 | 21 | 30 |
TAB 360 | 5 | 8 |
Totals | $ 26 | $ 38 |
Fair Value of Financial Asset_7
Fair Value of Financial Assets and Liabilities - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | $ 20,382,605 | $ 20,382,605 | |
IFRS9 [member] | Fair Value [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | $ 4,123,054 | ||
Financial liabilities | 1,112,806 | ||
IFRS9 [member] | Financial instruments at fair value through profit and loss [member] | Fair Value [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 96,943 | ||
IFRS9 [member] | Financial instruments at FVTOCI [member] | Fair Value [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 2,657,154 | ||
IFRS9 [member] | Financial derivative contracts [member] | Fair Value [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 1,368,957 | ||
IFRS9 [member] | Financial derivative contracts [member] | Fair Value [Member] | Derivative Financial Instruments Liabilities [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 1,112,806 | ||
IAS 39 [member] | Fair Value [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 4,327,314 | ||
Financial liabilities | 1,095,154 | ||
IAS 39 [member] | Financial derivative contracts [member] | Fair Value [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 1,248,775 | ||
IAS 39 [member] | Financial derivative contracts [member] | Fair Value [Member] | Derivative Financial Instruments Liabilities [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 1,095,154 | ||
IAS 39 [member] | Available for sale instruments [member] | Fair Value [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 2,663,478 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 4,123,054 | ||
Financial liabilities | 1,112,806 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Derivative Financial Instruments Liabilities [member] | Forward Contract [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 322,241 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Derivative Financial Instruments Liabilities [member] | Swap contract [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 788,133 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Derivative Financial Instruments Liabilities [member] | Call options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 1,493 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Derivative Financial Instruments Liabilities [member] | Put options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 939 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Fair Value [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 4,123,054 | ||
Financial liabilities | 1,112,806 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Fair Value [Member] | Derivative Financial Instruments Liabilities [member] | Forward Contract [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 322,241 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Fair Value [Member] | Derivative Financial Instruments Liabilities [member] | Swap contract [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 788,133 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Fair Value [Member] | Derivative Financial Instruments Liabilities [member] | Call options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 1,493 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Fair Value [Member] | Derivative Financial Instruments Liabilities [member] | Put options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 939 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Level 1 [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 2,525,840 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Level 2 [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 1,570,058 | ||
Financial liabilities | 1,112,237 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Level 2 [Member] | Derivative Financial Instruments Liabilities [member] | Forward Contract [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 322,192 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Level 2 [Member] | Derivative Financial Instruments Liabilities [member] | Swap contract [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 787,613 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Level 2 [Member] | Derivative Financial Instruments Liabilities [member] | Call options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 1,493 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Level 2 [Member] | Derivative Financial Instruments Liabilities [member] | Put options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 939 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Level 3 [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 27,156 | ||
Financial liabilities | 569 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Level 3 [Member] | Derivative Financial Instruments Liabilities [member] | Forward Contract [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 49 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Level 3 [Member] | Derivative Financial Instruments Liabilities [member] | Swap contract [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 520 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at fair value through profit and loss [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 96,943 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at fair value through profit and loss [member] | Fair Value [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 96,943 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at fair value through profit and loss [member] | Fair Value [Member] | Chilean Central Bank Securities [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 36,608 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at fair value through profit and loss [member] | Fair Value [Member] | Other securities issued locally [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 4,017 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at fair value through profit and loss [member] | Fair Value [Member] | Foreign government and central bank instruments [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 23,276 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at fair value through profit and loss [member] | Fair Value [Member] | Other securities issued abroad [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 19,505 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at fair value through profit and loss [member] | Fair Value [Member] | Investments in mutual funds [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 3,532 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at fair value through profit and loss [member] | Fair Value [Member] | Other investments at fair value through profit or loss [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 10,005 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at fair value through profit and loss [member] | Level 1 [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 67,430 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at fair value through profit and loss [member] | Level 1 [Member] | Chilean Central Bank Securities [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 36,608 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at fair value through profit and loss [member] | Level 1 [Member] | Other securities issued locally [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 4,014 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at fair value through profit and loss [member] | Level 1 [Member] | Foreign government and central bank instruments [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 23,276 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at fair value through profit and loss [member] | Level 1 [Member] | Investments in mutual funds [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 3,532 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at fair value through profit and loss [member] | Level 2 [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 29,513 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at fair value through profit and loss [member] | Level 2 [Member] | Other securities issued locally [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 3 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at fair value through profit and loss [member] | Level 2 [Member] | Other securities issued abroad [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 19,505 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at fair value through profit and loss [member] | Level 2 [Member] | Other investments at fair value through profit or loss [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 10,005 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at FVTOCI [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 2,657,154 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at FVTOCI [member] | Fair Value [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 2,657,154 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at FVTOCI [member] | Fair Value [Member] | Chilean Central Bank Securities [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 1,352,084 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at FVTOCI [member] | Fair Value [Member] | Other securities issued locally [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 196,439 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at FVTOCI [member] | Fair Value [Member] | Foreign government and central bank instruments [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 769,693 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at FVTOCI [member] | Fair Value [Member] | Other securities issued abroad [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 332,560 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at FVTOCI [member] | Fair Value [Member] | Other investments at fair value through other comprehensive income [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 6,378 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at FVTOCI [member] | Level 1 [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 2,458,410 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at FVTOCI [member] | Level 1 [Member] | Chilean Central Bank Securities [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 1,352,084 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at FVTOCI [member] | Level 1 [Member] | Other securities issued locally [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 5,979 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at FVTOCI [member] | Level 1 [Member] | Foreign government and central bank instruments [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 769,693 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at FVTOCI [member] | Level 1 [Member] | Other securities issued abroad [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 330,654 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at FVTOCI [member] | Level 2 [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 198,744 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at FVTOCI [member] | Level 2 [Member] | Other securities issued locally [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 190,460 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at FVTOCI [member] | Level 2 [Member] | Other securities issued abroad [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 1,906 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial instruments at FVTOCI [member] | Level 2 [Member] | Other investments at fair value through other comprehensive income [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 6,378 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial derivative contracts [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 1,368,957 | ||
Financial liabilities | 1,112,806 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial derivative contracts [member] | Fair Value [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 1,368,957 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial derivative contracts [member] | Fair Value [Member] | Derivative Financial Instruments Liabilities [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 1,112,806 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial derivative contracts [member] | Level 2 [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 1,341,801 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial derivative contracts [member] | Level 2 [Member] | Derivative Financial Instruments Liabilities [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 1,112,237 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial derivative contracts [member] | Level 3 [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 27,156 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial derivative contracts [member] | Level 3 [Member] | Derivative Financial Instruments Liabilities [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 569 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Derivative financial instruments [member] | Forward Contract [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 342,993 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Derivative financial instruments [member] | Swap contract [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 1,021,701 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Derivative financial instruments [member] | Call options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 4,217 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Derivative financial instruments [member] | Put options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 46 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Derivative financial instruments [member] | Fair Value [Member] | Forward Contract [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 342,993 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Derivative financial instruments [member] | Fair Value [Member] | Swap contract [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 1,021,701 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Derivative financial instruments [member] | Fair Value [Member] | Call options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 4,217 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Derivative financial instruments [member] | Fair Value [Member] | Put options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 46 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Derivative financial instruments [member] | Level 2 [Member] | Forward Contract [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 342,375 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Derivative financial instruments [member] | Level 2 [Member] | Swap contract [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 995,163 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Derivative financial instruments [member] | Level 2 [Member] | Call options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 4,217 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Derivative financial instruments [member] | Level 2 [Member] | Put options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 46 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Derivative financial instruments [member] | Level 3 [Member] | Forward Contract [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 618 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Derivative financial instruments [member] | Level 3 [Member] | Swap contract [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 26,538 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Trading Portfolio Financial Assets [member] | Chilean Central Bank Securities [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 36,608 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Trading Portfolio Financial Assets [member] | Foreign government and central bank instruments [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 23,276 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Trading Portfolio Financial Assets [member] | Other securities issued abroad [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 19,505 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Trading Portfolio Financial Assets [member] | Investments in mutual funds [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 3,532 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Trading Portfolio Financial Assets [member] | Other investments at fair value through profit or loss [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 10,005 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial Investments Available-for-Sale [member] | Foreign government and central bank instruments [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 769,693 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial Investments Available-for-Sale [member] | Other securities issued abroad [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 332,560 | ||
Recurring Fair Value Measurement [Member] | IFRS9 [member] | Financial Investments Available-for-Sale [member] | Other investments at fair value through other comprehensive income [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | $ 6,378 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 4,327,314 | ||
Financial liabilities | 1,095,154 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Derivative Financial Instruments Liabilities [member] | Forward Contract [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 333,482 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Derivative Financial Instruments Liabilities [member] | Swap contract [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 759,216 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Derivative Financial Instruments Liabilities [member] | Call options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 86 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Derivative Financial Instruments Liabilities [member] | Put options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 2,370 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Fair Value [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 1,095,154 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Fair Value [Member] | Derivative Financial Instruments Liabilities [member] | Forward Contract [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 333,482 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Fair Value [Member] | Derivative Financial Instruments Liabilities [member] | Swap contract [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 759,216 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Fair Value [Member] | Derivative Financial Instruments Liabilities [member] | Call options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 86 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Fair Value [Member] | Derivative Financial Instruments Liabilities [member] | Put options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 2,370 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Level 2 [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 1,094,549 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Level 2 [Member] | Derivative Financial Instruments Liabilities [member] | Forward Contract [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 333,482 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Level 2 [Member] | Derivative Financial Instruments Liabilities [member] | Swap contract [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 758,611 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Level 2 [Member] | Derivative Financial Instruments Liabilities [member] | Call options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 86 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Level 2 [Member] | Derivative Financial Instruments Liabilities [member] | Put options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 2,370 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Level 3 [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 605 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Level 3 [Member] | Derivative Financial Instruments Liabilities [member] | Swap contract [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 605 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Financial derivative contracts [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 1,248,775 | ||
Financial liabilities | 1,095,154 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Financial derivative contracts [member] | Fair Value [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 316,901 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Financial derivative contracts [member] | Fair Value [Member] | Derivative Financial Instruments Liabilities [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 1,095,154 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Financial derivative contracts [member] | Level 2 [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 316,848 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Financial derivative contracts [member] | Level 2 [Member] | Derivative Financial Instruments Liabilities [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 1,094,549 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Financial derivative contracts [member] | Level 3 [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 53 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Financial derivative contracts [member] | Level 3 [Member] | Derivative Financial Instruments Liabilities [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 605 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Derivative financial instruments [member] | Forward Contract [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 316,901 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Derivative financial instruments [member] | Swap contract [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 930,744 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Derivative financial instruments [member] | Call options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 421 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Derivative financial instruments [member] | Put options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 709 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Derivative financial instruments [member] | Fair Value [Member] | Forward Contract [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 930,744 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Derivative financial instruments [member] | Fair Value [Member] | Swap contract [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 421 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Derivative financial instruments [member] | Fair Value [Member] | Call options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 709 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Derivative financial instruments [member] | Fair Value [Member] | Put options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 4,327,314 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Derivative financial instruments [member] | Level 1 [Member] | Put options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 2,613,761 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Derivative financial instruments [member] | Level 2 [Member] | Forward Contract [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 900,269 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Derivative financial instruments [member] | Level 2 [Member] | Swap contract [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 421 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Derivative financial instruments [member] | Level 2 [Member] | Call options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 709 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Derivative financial instruments [member] | Level 2 [Member] | Put options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 1,683,025 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Derivative financial instruments [member] | Level 3 [Member] | Forward Contract [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 30,475 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Derivative financial instruments [member] | Level 3 [Member] | Put options [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 30,528 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Chilean Central Bank Securities [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 7,126 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Foreign government and central bank instruments [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 381,262 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Other securities issued abroad [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 8,147 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Investments in mutual funds [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 18,521 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Fair Value [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 415,061 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Fair Value [Member] | Chilean Central Bank Securities [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 7,126 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Fair Value [Member] | Other securities issued locally [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 5 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Fair Value [Member] | Foreign government and central bank instruments [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 381,262 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Fair Value [Member] | Other securities issued abroad [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 8,147 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Fair Value [Member] | Investments in mutual funds [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 18,521 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Level 1 [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 409,197 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Level 1 [Member] | Chilean Central Bank Securities [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 7,126 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Level 1 [Member] | Foreign government and central bank instruments [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 378,636 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Level 1 [Member] | Other securities issued abroad [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 4,914 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Level 1 [Member] | Investments in mutual funds [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 18,521 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Level 2 [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 5,864 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Level 2 [Member] | Other securities issued locally [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 5 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Level 2 [Member] | Foreign government and central bank instruments [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 2,626 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Trading Portfolio Financial Assets [member] | Level 2 [Member] | Other securities issued abroad [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 3,233 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Available for sale instruments [member] | Fair Value [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 2,663,478 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Available for sale instruments [member] | Fair Value [Member] | Chilean Central Bank Securities [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 1,783,877 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Available for sale instruments [member] | Fair Value [Member] | Foreign government and central bank instruments [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 420,687 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Available for sale instruments [member] | Fair Value [Member] | Other securities issued abroad [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 300,740 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Available for sale instruments [member] | Fair Value [Member] | Investments in mutual funds [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 10,412 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Available for sale instruments [member] | Fair Value [Member] | Other investments [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 1,248,775 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Available for sale instruments [member] | Level 1 [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 2,204,564 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Available for sale instruments [member] | Level 1 [Member] | Chilean Central Bank Securities [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 1,783,877 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Available for sale instruments [member] | Level 1 [Member] | Foreign government and central bank instruments [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 420,687 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Available for sale instruments [member] | Level 2 [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 458,914 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Available for sale instruments [member] | Level 2 [Member] | Other securities issued abroad [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 300,740 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Available for sale instruments [member] | Level 2 [Member] | Investments in mutual funds [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 10,412 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Available for sale instruments [member] | Level 2 [Member] | Other investments [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 1,218,247 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Available for sale instruments [member] | Level 3 [Member] | Other investments [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 30,528 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Financial Investments Available-for-Sale [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 2,663,478 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Financial Investments Available-for-Sale [member] | Foreign government and central bank instruments [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 420,687 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Financial Investments Available-for-Sale [member] | Other securities issued abroad [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 300,740 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Financial Investments Available-for-Sale [member] | Fair Value [Member] | Other securities issued locally [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 147,762 | ||
Recurring Fair Value Measurement [Member] | IAS 39 [member] | Financial Investments Available-for-Sale [member] | Level 2 [Member] | Other securities issued locally [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | $ 147,762 |
Fair Value of Financial Asset_8
Fair Value of Financial Assets and Liabilities - Schedule of Reconciliation (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2018 | |
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | $ 20,382,605 | $ 20,382,605 | |
Reconciliation Of Changes In Fair Value Measurement Assets [abstract] | |||
Opening balance | $ 28,032,773 | ||
Closing balance | 29,323,338 | 28,032,773 | |
Reconciliation Of Changes In Fair Value Measurement Liabilities [abstract] | |||
Opening balance | 24,604,016 | ||
Closing balance | 25,885,778 | 24,604,016 | |
IAS 39 [member] | |||
Reconciliation Of Changes In Fair Value Measurement Assets [abstract] | |||
Opening balance | 28,032,773 | ||
Closing balance | 28,032,773 | ||
Reconciliation Of Changes In Fair Value Measurement Liabilities [abstract] | |||
Opening balance | 24,604,016 | ||
Closing balance | 24,604,016 | ||
Fair Value [Member] | IFRS9 [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 4,123,054 | ||
Reconciliation Of Changes In Fair Value Measurement Assets [abstract] | |||
Financial liabilities | 1,112,806 | ||
Fair Value [Member] | IFRS9 [member] | Financial instruments at fair value through profit and loss [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 96,943 | ||
Fair Value [Member] | IFRS9 [member] | Financial instruments at FVTOCI [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 2,657,154 | ||
Fair Value [Member] | IFRS9 [member] | Financial derivative contracts [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 1,368,957 | ||
Fair Value [Member] | IFRS9 [member] | Derivative Financial Instruments Liabilities [member] | Financial derivative contracts [member] | |||
Reconciliation Of Changes In Fair Value Measurement Assets [abstract] | |||
Financial liabilities | 1,112,806 | ||
Fair Value [Member] | IAS 39 [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 4,327,314 | ||
Reconciliation Of Changes In Fair Value Measurement Assets [abstract] | |||
Financial liabilities | 1,095,154 | ||
Fair Value [Member] | IAS 39 [member] | Financial derivative contracts [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 1,248,775 | ||
Fair Value [Member] | IAS 39 [member] | Trading investments [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 415,061 | ||
Fair Value [Member] | IAS 39 [member] | Available for sale instruments [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 2,663,478 | ||
Fair Value [Member] | IAS 39 [member] | Derivative Financial Instruments Liabilities [member] | Financial derivative contracts [member] | |||
Reconciliation Of Changes In Fair Value Measurement Assets [abstract] | |||
Financial liabilities | 1,095,154 | ||
Level 3 [Member] | |||
Reconciliation Of Changes In Fair Value Measurement Assets [abstract] | |||
Opening balance | 30,528 | 41,124 | |
Gain (loss) recognized in profit or loss | 5,863 | 4,849 | |
Gain (loss) recognized in equity | 0 | 0 | |
Purchases, sales and agreements | (9,235) | (15,445) | |
Transfes from level 1 or level 2 | 0 | 0 | |
Closing balance | 27,156 | 30,528 | |
Reconciliation Of Changes In Fair Value Measurement Liabilities [abstract] | |||
Opening balance | 605 | 1,340 | |
Gain (loss) recognized in profit or loss | 1,223 | (325) | |
Gain (loss) recognized in equity | 0 | 0 | |
Net of purchases, sales and agreements | (1,259) | (410) | |
Transfes from level 1 or level 2 | 0 | 0 | |
Closing balance | 569 | 605 | |
Level 3 [Member] | Derivative financial instruments [member] | |||
Reconciliation Of Changes In Fair Value Measurement Assets [abstract] | |||
Opening balance | 30,528 | 41,124 | |
Gain (loss) recognized in profit or loss | 4,849 | ||
Gain (loss) recognized in equity | 0 | ||
Purchases, sales and agreements | (15,445) | ||
Transfes from level 1 or level 2 | 0 | ||
Closing balance | 30,528 | ||
Level 3 [Member] | Derivative financial instruments [member] | Forward Contract [Member] | |||
Reconciliation Of Changes In Fair Value Measurement Assets [abstract] | |||
Opening balance | 53 | ||
Gain (loss) recognized in profit or loss | 716 | 209 | |
Gain (loss) recognized in equity | 0 | 0 | |
Purchases, sales and agreements | (151) | (156) | |
Transfes from level 1 or level 2 | 0 | 0 | |
Closing balance | 618 | 53 | |
Level 3 [Member] | Derivative financial instruments [member] | Swap contract [member] | |||
Reconciliation Of Changes In Fair Value Measurement Assets [abstract] | |||
Opening balance | 30,475 | 41,124 | |
Gain (loss) recognized in profit or loss | 5,147 | 4,640 | |
Gain (loss) recognized in equity | 0 | 0 | |
Purchases, sales and agreements | (9,084) | (15,289) | |
Transfes from level 1 or level 2 | 0 | 0 | |
Closing balance | 26,538 | 30,475 | |
Level 3 [Member] | Derivative financial instruments [member] | Call options [member] | |||
Reconciliation Of Changes In Fair Value Measurement Assets [abstract] | |||
Gain (loss) recognized in equity | 0 | 0 | |
Transfes from level 1 or level 2 | 0 | 0 | |
Level 3 [Member] | Derivative financial instruments [member] | Put options [member] | |||
Reconciliation Of Changes In Fair Value Measurement Assets [abstract] | |||
Gain (loss) recognized in equity | 0 | 0 | |
Transfes from level 1 or level 2 | 0 | 0 | |
Level 3 [Member] | Derivative Financial Instruments Liabilities [member] | |||
Reconciliation Of Changes In Fair Value Measurement Liabilities [abstract] | |||
Opening balance | 605 | 1,340 | |
Gain (loss) recognized in profit or loss | 1,223 | (325) | |
Gain (loss) recognized in equity | 0 | 0 | |
Net of purchases, sales and agreements | (1,259) | (410) | |
Transfes from level 1 or level 2 | 0 | 0 | |
Closing balance | 569 | 605 | |
Level 3 [Member] | Derivative Financial Instruments Liabilities [member] | Forward Contract [Member] | |||
Reconciliation Of Changes In Fair Value Measurement Liabilities [abstract] | |||
Opening balance | 609 | ||
Gain (loss) recognized in profit or loss | 831 | (465) | |
Gain (loss) recognized in equity | 0 | 0 | |
Net of purchases, sales and agreements | (782) | (144) | |
Transfes from level 1 or level 2 | 0 | 0 | |
Closing balance | 49 | ||
Level 3 [Member] | Derivative Financial Instruments Liabilities [member] | Swap contract [member] | |||
Reconciliation Of Changes In Fair Value Measurement Liabilities [abstract] | |||
Opening balance | 605 | 731 | |
Gain (loss) recognized in profit or loss | 392 | 140 | |
Gain (loss) recognized in equity | 0 | 0 | |
Net of purchases, sales and agreements | (477) | (266) | |
Transfes from level 1 or level 2 | 0 | 0 | |
Closing balance | 520 | 605 | |
Level 3 [Member] | Derivative Financial Instruments Liabilities [member] | Call options [member] | |||
Reconciliation Of Changes In Fair Value Measurement Liabilities [abstract] | |||
Gain (loss) recognized in equity | 0 | 0 | |
Transfes from level 1 or level 2 | 0 | 0 | |
Level 3 [Member] | Derivative Financial Instruments Liabilities [member] | Put options [member] | |||
Reconciliation Of Changes In Fair Value Measurement Liabilities [abstract] | |||
Gain (loss) recognized in equity | 0 | 0 | |
Transfes from level 1 or level 2 | $ 0 | $ 0 |
Fair Value of Financial Asset_9
Fair Value of Financial Assets and Liabilities - Schedule of Classifies Assets and Liabilities Measured at Fair Value on a Non-recurring Basis (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
ASSETS | |||
Financial assets | $ 20,382,605 | $ 20,382,605 | |
Fair Value [Member] | Non-Recurring Fair Value Measurement [Member] | |||
ASSETS | |||
Financial assets | $ 22,784,462 | 21,314,379 | |
LIABILITIES | |||
Financial liabilities | 23,189,950 | ||
Fair Value [Member] | Deposits and other demand liabilities [member] | Non-Recurring Fair Value Measurement [Member] | |||
LIABILITIES | |||
Financial liabilities | 4,300,475 | 4,141,667 | |
Fair Value [Member] | Cash in process of being cleared [member] | Non-Recurring Fair Value Measurement [Member] | |||
LIABILITIES | |||
Financial liabilities | 247,165 | 109,496 | |
Fair Value [Member] | Obligations under repurchase agreements [member] | Non-Recurring Fair Value Measurement [Member] | |||
LIABILITIES | |||
Financial liabilities | 1,015,614 | 420,920 | |
Fair Value [Member] | Time deposits and other time liabilities [member] | Non-Recurring Fair Value Measurement [Member] | |||
LIABILITIES | |||
Financial liabilities | 2,335,509 | 10,099,251 | |
Fair Value [Member] | Borrowings from financial institutions [Member] | Non-Recurring Fair Value Measurement [Member] | |||
LIABILITIES | |||
Financial liabilities | 6,311,527 | 2,216,507 | |
Fair Value [Member] | Debt instruments issued [member] | Non-Recurring Fair Value Measurement [Member] | |||
LIABILITIES | |||
Financial liabilities | 12,400 | 6,185,043 | |
Fair Value [Member] | Other financial obligations [Member] | Non-Recurring Fair Value Measurement [Member] | |||
LIABILITIES | |||
Financial liabilities | 24,358,412 | 17,066 | |
Fair Value [Member] | Time deposits and saving accounts [member] | Non-Recurring Fair Value Measurement [Member] | |||
LIABILITIES | |||
Financial liabilities | 10,135,722 | ||
Fair Value [Member] | Cash and deposits in banks [member] | Non-Recurring Fair Value Measurement [Member] | |||
ASSETS | |||
Financial assets | 987,680 | 964,030 | |
Fair Value [Member] | Cash In The Process Of Collection [member] | Non-Recurring Fair Value Measurement [Member] | |||
ASSETS | |||
Financial assets | 318,658 | 157,017 | |
Fair Value [Member] | Investments under Agreements to Resell [Member] | Non-Recurring Fair Value Measurement [Member] | |||
ASSETS | |||
Financial assets | 109,467 | 28,524 | |
Fair Value [Member] | Loans and receivables from banks, net [member] | Non-Recurring Fair Value Measurement [Member] | |||
ASSETS | |||
Financial assets | 341,244 | 70,077 | |
Fair Value [Member] | Loans and receivables from customers, net [member] | Non-Recurring Fair Value Measurement [Member] | |||
ASSETS | |||
Financial assets | 19,893,448 | ||
Fair Value [Member] | Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Non-Recurring Fair Value Measurement [Member] | |||
ASSETS | |||
Financial assets | 201,283 | ||
Fair Value [Member] | Loans and accounts receivable at amortized cost [member] | Non-Recurring Fair Value Measurement [Member] | |||
ASSETS | |||
Financial assets | 20,827,852 | ||
Fair Value [Member] | Financial Instruments at amortized cost [member] | Non-Recurring Fair Value Measurement [Member] | |||
ASSETS | |||
Financial assets | 199,561 | ||
Level 1 [Member] | Non-Recurring Fair Value Measurement [Member] | |||
ASSETS | |||
Financial assets | 1,757,049 | 1,219,648 | |
LIABILITIES | |||
Financial liabilities | 6,905,656 | ||
Level 1 [Member] | Deposits and other demand liabilities [member] | Non-Recurring Fair Value Measurement [Member] | |||
LIABILITIES | |||
Financial liabilities | 4,300,475 | 4,141,667 | |
Level 1 [Member] | Cash in process of being cleared [member] | Non-Recurring Fair Value Measurement [Member] | |||
LIABILITIES | |||
Financial liabilities | 247,165 | 109,496 | |
Level 1 [Member] | Obligations under repurchase agreements [member] | Non-Recurring Fair Value Measurement [Member] | |||
LIABILITIES | |||
Financial liabilities | 1,015,614 | 420,920 | |
Level 1 [Member] | Time deposits and other time liabilities [member] | Non-Recurring Fair Value Measurement [Member] | |||
LIABILITIES | |||
Financial liabilities | 2,335,509 | ||
Level 1 [Member] | Borrowings from financial institutions [Member] | Non-Recurring Fair Value Measurement [Member] | |||
LIABILITIES | |||
Financial liabilities | 2,216,507 | ||
Level 1 [Member] | Debt instruments issued [member] | Non-Recurring Fair Value Measurement [Member] | |||
LIABILITIES | |||
Financial liabilities | 12,400 | ||
Level 1 [Member] | Other financial obligations [Member] | Non-Recurring Fair Value Measurement [Member] | |||
LIABILITIES | |||
Financial liabilities | 7,911,163 | 17,066 | |
Level 1 [Member] | Cash and deposits in banks [member] | Non-Recurring Fair Value Measurement [Member] | |||
ASSETS | |||
Financial assets | 987,680 | 964,030 | |
Level 1 [Member] | Cash In The Process Of Collection [member] | Non-Recurring Fair Value Measurement [Member] | |||
ASSETS | |||
Financial assets | 318,658 | 157,017 | |
Level 1 [Member] | Investments under Agreements to Resell [Member] | Non-Recurring Fair Value Measurement [Member] | |||
ASSETS | |||
Financial assets | 109,467 | 28,524 | |
Level 1 [Member] | Loans and receivables from banks, net [member] | Non-Recurring Fair Value Measurement [Member] | |||
ASSETS | |||
Financial assets | 341,244 | 70,077 | |
Level 2 [Member] | Non-Recurring Fair Value Measurement [Member] | |||
ASSETS | |||
Financial assets | 199,561 | 201,283 | |
LIABILITIES | |||
Financial liabilities | 16,284,294 | ||
Level 2 [Member] | Time deposits and other time liabilities [member] | Non-Recurring Fair Value Measurement [Member] | |||
LIABILITIES | |||
Financial liabilities | 10,099,251 | ||
Level 2 [Member] | Borrowings from financial institutions [Member] | Non-Recurring Fair Value Measurement [Member] | |||
LIABILITIES | |||
Financial liabilities | 6,311,527 | ||
Level 2 [Member] | Debt instruments issued [member] | Non-Recurring Fair Value Measurement [Member] | |||
LIABILITIES | |||
Financial liabilities | 6,185,043 | ||
Level 2 [Member] | Other financial obligations [Member] | Non-Recurring Fair Value Measurement [Member] | |||
LIABILITIES | |||
Financial liabilities | 16,447,249 | ||
Level 2 [Member] | Time deposits and saving accounts [member] | Non-Recurring Fair Value Measurement [Member] | |||
LIABILITIES | |||
Financial liabilities | 10,135,722 | ||
Level 2 [Member] | Financial assets at fair value through profit or loss, classified as held for trading, category [member] | Non-Recurring Fair Value Measurement [Member] | |||
ASSETS | |||
Financial assets | 201,283 | ||
Level 2 [Member] | Financial Instruments at amortized cost [member] | Non-Recurring Fair Value Measurement [Member] | |||
ASSETS | |||
Financial assets | 199,561 | ||
Level 3 [Member] | Non-Recurring Fair Value Measurement [Member] | |||
ASSETS | |||
Financial assets | 20,827,852 | 19,893,448 | |
Level 3 [Member] | Loans and receivables from customers, net [member] | Non-Recurring Fair Value Measurement [Member] | |||
ASSETS | |||
Financial assets | $ 19,893,448 | ||
Level 3 [Member] | Loans and accounts receivable at amortized cost [member] | Non-Recurring Fair Value Measurement [Member] | |||
ASSETS | |||
Financial assets | $ 20,827,852 |
Risk Management - Summary of Cr
Risk Management - Summary of Criteria used for Chile (Detail) | 12 Months Ended |
Dec. 31, 2018 | |
Group [member] | Colombia [member] | Leasing [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 33.23% |
% of relative increase in lifetime PD | 82.04% |
Group [member] | Colombia [member] | Payroll deductible loan [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 2.79% |
% of relative increase in lifetime PD | 77.14% |
Group [member] | Colombia [member] | Revolving line of credit [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 35.22% |
% of relative increase in lifetime PD | 85.65% |
Group [member] | Colombia [member] | Overdraft limit [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 0.70% |
% of relative increase in lifetime PD | 241.11% |
Group [member] | Colombia [member] | Credit card [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 29.44% |
% of relative increase in lifetime PD | 175.32% |
Group [member] | Colombia [member] | Mortgage loan [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 2.55% |
% of relative increase in lifetime PD | 151.19% |
Group [member] | Colombia [member] | Personal debt restructuring [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 44.04% |
% of relative increase in lifetime PD | 101.64% |
Group [member] | Colombia [member] | Other loans [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 26.53% |
% of relative increase in lifetime PD | 174.02% |
Group [member] | Stage1 [member] | |
Disclosure of Credit risk measurement [line items] | |
PD ranges | 20.00% |
Stages | Stage 1 |
Probability of default (PD) and qualitative considerations | Difference between Referential Life Time PD and PD Life Time at origination < 20% |
Group [member] | Stage1 [member] | Top of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 29 days |
Group [member] | Stage 2 [member] | |
Disclosure of Credit risk measurement [line items] | |
PD ranges | 20.00% |
Stages | Stage 2 |
Probability of default (PD) and qualitative considerations | Difference between Referential Life Time PD and PD Life Time at origination >= 20% |
Group [member] | Stage 2 [member] | Bottom of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 30 days |
Group [member] | Stage 2 [member] | Top of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 89 days |
Group [member] | Stage 3 [member] | |
Disclosure of Credit risk measurement [line items] | |
Stages | Stage 3 |
Probability of default (PD) and qualitative considerations | Restructured loans with 60 days in arrears before restructuring |
Group [member] | Stage 3 [member] | Bottom of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 90 days |
Corporate [member] | Colombia [member] | Without information [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 34.39% |
% of relative increase in lifetime PD | 86.90% |
Corporate [member] | Colombia [member] | Small Company [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 22.26% |
% of relative increase in lifetime PD | 1314.07% |
Corporate [member] | Colombia [member] | Small Company [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 33.91% |
% of relative increase in lifetime PD | 1326.89% |
Corporate [member] | Colombia [member] | Medium Company [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 22.53% |
% of relative increase in lifetime PD | 64.23% |
Corporate [member] | Colombia [member] | Medium Company [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 25.67% |
% of relative increase in lifetime PD | 1203.61% |
Corporate [member] | Colombia [member] | Large Company [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 10.28% |
% of relative increase in lifetime PD | 99.15% |
Corporate [member] | Colombia [member] | Low Default [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 0.46% |
% of relative increase in lifetime PD | 0.48% |
Corporate [member] | Colombia [member] | Low Default ( Goverment and Financial) [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 0.00% |
% of relative increase in lifetime PD | 324.00% |
Corporate [member] | Stage1 [member] | A1 [member] | |
Disclosure of Credit risk measurement [line items] | |
Debtor category | A1 |
Corporate [member] | Stage1 [member] | A2 [member] | |
Disclosure of Credit risk measurement [line items] | |
Debtor category | A2 |
Stages | Stage 1 |
Corporate [member] | Stage1 [member] | A2 [member] | Bottom of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
PD ranges | 0.04% |
Corporate [member] | Stage1 [member] | A2 [member] | Top of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
PD ranges | 0.25% |
Days of arrears to the end of the month | 29 days |
Corporate [member] | Stage1 [member] | A3 [member] | |
Disclosure of Credit risk measurement [line items] | |
Debtor category | A3 |
Corporate [member] | Stage1 [member] | A4 [member] | |
Disclosure of Credit risk measurement [line items] | |
Debtor category | A4 |
PD ranges | 2.00% |
Corporate [member] | Stage 2 [member] | A5 [member] | |
Disclosure of Credit risk measurement [line items] | |
Debtor category | A5 |
Stages | Stage 2 |
Corporate [member] | Stage 2 [member] | A5 [member] | Bottom of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
PD ranges | 4.75% |
Days of arrears to the end of the month | 30 days |
Corporate [member] | Stage 2 [member] | A5 [member] | Top of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
PD ranges | 10.00% |
Days of arrears to the end of the month | 89 days |
Corporate [member] | Stage 2 [member] | A 6 [member] | |
Disclosure of Credit risk measurement [line items] | |
Debtor category | A6 |
Corporate [member] | Stage 2 [member] | B1 [member] | |
Disclosure of Credit risk measurement [line items] | |
Debtor category | B1 |
Corporate [member] | Stage 2 [member] | B2 [member] | |
Disclosure of Credit risk measurement [line items] | |
Debtor category | B2 |
Corporate [member] | Stage 2 [member] | B2 [member] | Bottom of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
PD ranges | 15.00% |
Corporate [member] | Stage 2 [member] | B2 [member] | Top of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
PD ranges | 45.00% |
Corporate [member] | Stage 2 [member] | External credit grades b3 [member] | |
Disclosure of Credit risk measurement [line items] | |
Debtor category | B3 |
Corporate [member] | Stage 2 [member] | External credit grades B4 [member] | |
Disclosure of Credit risk measurement [line items] | |
Debtor category | B4 |
Corporate [member] | Stage 3 [member] | External credit grades C1 [member] | |
Disclosure of Credit risk measurement [line items] | |
Debtor category | C1 |
Corporate [member] | Stage 3 [member] | External Credit Grades C2 [member] | |
Disclosure of Credit risk measurement [line items] | |
Debtor category | C2 |
Corporate [member] | Stage 3 [member] | External credit grades C3 [member] | |
Disclosure of Credit risk measurement [line items] | |
Debtor category | C3 |
PD ranges | 100.00% |
Stages | Stage 3 |
Corporate [member] | Stage 3 [member] | External credit grades C3 [member] | Bottom of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 90 days |
Corporate [member] | Stage 3 [member] | External credit grades C4 [member] | |
Disclosure of Credit risk measurement [line items] | |
Debtor category | C4 |
Corporate [member] | Stage 3 [member] | External credit grades C5 [member] | |
Disclosure of Credit risk measurement [line items] | |
Debtor category | C5 |
Corporate [member] | Stage 3 [member] | External credit grades C6 [member] | |
Disclosure of Credit risk measurement [line items] | |
Debtor category | C6 |
IFRS9 [member] | Corporate [member] | Stage1 [member] | A2 [member] | |
Disclosure of Credit risk measurement [line items] | |
PD ranges | 0.13% |
IFRS9 [member] | Corporate [member] | Stage1 [member] | A4 [member] | |
Disclosure of Credit risk measurement [line items] | |
PD ranges | 1.62% |
IFRS9 [member] | Corporate [member] | Stage 2 [member] | A5 [member] | |
Disclosure of Credit risk measurement [line items] | |
PD ranges | 3.52% |
IFRS9 [member] | Corporate [member] | Stage 2 [member] | B2 [member] | |
Disclosure of Credit risk measurement [line items] | |
PD ranges | 23.05% |
IFRS9 [member] | Corporate [member] | Stage 3 [member] | External credit grades C3 [member] | |
Disclosure of Credit risk measurement [line items] | |
PD ranges | 100.00% |
Risk Management - Summary of _2
Risk Management - Summary of Criteria used for Chile (Parenthetical) (Detail) - Group [member] | 12 Months Ended |
Dec. 31, 2018 | |
Stage1 [member] | |
Disclosure of Credit risk measurement [line items] | |
Probability of default | 20.00% |
Stage 2 [member] | |
Disclosure of Credit risk measurement [line items] | |
Probability of default | 20.00% |
Risk Management - Summary of Pr
Risk Management - Summary of Principal Macroeconomic Indicators Included in Economic Scenarios (Detail) | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Colombia [member] | Base [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
GDP growth | 2.63% | 2.66% | 3.11% | |
Unemployment rate | 9.84% | 9.84% | 9.84% | |
Consumer's Price Index | 3 | 3 | 3.40 | |
Benchmark interest rates | 4.75% | 4.75% | 4.75% | |
Currency exchange rate | 3,150 | 3,180 | 3,180 | |
Colombia [member] | Range of upside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
GDP growth | 4.25% | 4.20% | 4.33% | |
Unemployment rate | 9.34% | 9.40% | 9.50% | |
Consumer's Price Index | 4.27 | 3.91 | 3.95 | |
Benchmark interest rates | 5.75% | 5.75% | 5.75% | |
Currency exchange rate | 3,025 | 3,071 | 3,104 | |
Colombia [member] | Range of downside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
GDP growth | 3.44% | 3.43% | 3.72% | |
Unemployment rate | 10.35% | 10.29% | 10.21% | |
Consumer's Price Index | 1.38 | 1.86 | 2.74 | |
Benchmark interest rates | 3.75% | 3.75% | 3.75% | |
Currency exchange rate | 3,335 | 3,289 | 3,256 | |
2019 [member] | Chile [member] | Q1 [member] | Base [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.16% | |||
Consumer's Price Index | 108.52 | |||
Interbank interest rate | 3.00% | |||
Copper | 2.78 | |||
2019 [member] | Chile [member] | Q1 [member] | Range of upside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.20% | |||
Consumer's Price Index | 108.56 | |||
Interbank interest rate | 3.75% | |||
Copper | 2.58 | |||
2019 [member] | Chile [member] | Q1 [member] | Range of downside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.12% | |||
Consumer's Price Index | 108.48 | |||
Interbank interest rate | 2.25% | |||
Copper | 2.99 | |||
2019 [member] | Chile [member] | Q2 [member] | Base [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.42% | |||
Consumer's Price Index | 109.33 | |||
Interbank interest rate | 3.25% | |||
Copper | 2.81 | |||
2019 [member] | Chile [member] | Q2 [member] | Range of upside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.53% | |||
Consumer's Price Index | 109.47 | |||
Interbank interest rate | 4.50% | |||
Copper | 2.40 | |||
2019 [member] | Chile [member] | Q2 [member] | Range of downside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.32% | |||
Consumer's Price Index | 109.19 | |||
Interbank interest rate | 2.00% | |||
Copper | 3.22 | |||
2019 [member] | Chile [member] | Q3 [member] | Base [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.13% | |||
Consumer's Price Index | 110.24 | |||
Interbank interest rate | 3.50% | |||
Copper | 2.83 | |||
2019 [member] | Chile [member] | Q3 [member] | Range of upside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.28% | |||
Consumer's Price Index | 110.51 | |||
Interbank interest rate | 5.00% | |||
Copper | 2.22 | |||
2019 [member] | Chile [member] | Q3 [member] | Range of downside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 6.98% | |||
Consumer's Price Index | 109.96 | |||
Interbank interest rate | 2.00% | |||
Copper | 3.45 | |||
2019 [member] | Chile [member] | Q4 [member] | Base [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 6.86% | |||
Consumer's Price Index | 110.93 | |||
Interbank interest rate | 3.75% | |||
Copper | 2.86 | |||
2019 [member] | Chile [member] | Q4 [member] | Range of upside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.04% | |||
Consumer's Price Index | 111.17 | |||
Interbank interest rate | 5.25% | |||
Copper | 2.10 | |||
2019 [member] | Chile [member] | Q4 [member] | Range of downside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 6.69% | |||
Consumer's Price Index | 110.68 | |||
Interbank interest rate | 2.25% | |||
Copper | 3.61 | |||
2020 [member] | Chile [member] | Q1 [member] | Base [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.15% | |||
Consumer's Price Index | 112.05 | |||
Interbank interest rate | 4.00% | |||
Copper | 2.87 | |||
2020 [member] | Chile [member] | Q1 [member] | Range of upside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.33% | |||
Consumer's Price Index | 112.29 | |||
Interbank interest rate | 5.50% | |||
Copper | 2.68 | |||
2020 [member] | Chile [member] | Q1 [member] | Range of downside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 6.98% | |||
Consumer's Price Index | 111.81 | |||
Interbank interest rate | 2.50% | |||
Copper | 3.06 | |||
2020 [member] | Chile [member] | Q2 [member] | Base [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.43% | |||
Consumer's Price Index | 112.66 | |||
Interbank interest rate | 4.50% | |||
Copper | 2.88 | |||
2020 [member] | Chile [member] | Q2 [member] | Range of upside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.59% | |||
Consumer's Price Index | 112.83 | |||
Interbank interest rate | 6.25% | |||
Copper | 2.88 | |||
2020 [member] | Chile [member] | Q2 [member] | Range of downside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.26% | |||
Consumer's Price Index | 112.48 | |||
Interbank interest rate | 2.75% | |||
Copper | 2.88 | |||
2020 [member] | Chile [member] | Q3 [member] | Base [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.16% | |||
Consumer's Price Index | 113.48 | |||
Interbank interest rate | 4.50% | |||
Copper | 2.88 | |||
2020 [member] | Chile [member] | Q3 [member] | Range of upside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.30% | |||
Consumer's Price Index | 113.72 | |||
Interbank interest rate | 6.00% | |||
Copper | 2.88 | |||
2020 [member] | Chile [member] | Q3 [member] | Range of downside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.02% | |||
Consumer's Price Index | 113.23 | |||
Interbank interest rate | 3.00% | |||
Copper | 2.88 | |||
2020 [member] | Chile [member] | Q4 [member] | Base [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 6.91% | |||
Consumer's Price Index | 114.23 | |||
Interbank interest rate | 4.50% | |||
Copper | 2.89 | |||
2020 [member] | Chile [member] | Q4 [member] | Range of upside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.02% | |||
Consumer's Price Index | 114.43 | |||
Interbank interest rate | 5.50% | |||
Copper | 2.89 | |||
2020 [member] | Chile [member] | Q4 [member] | Range of downside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 6.80% | |||
Consumer's Price Index | 114.02 | |||
Interbank interest rate | 3.50% | |||
Copper | 2.89 | |||
Two thousand twenty one [member] | Chile [member] | Q1 [member] | Base [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.21% | |||
Consumer's Price Index | 115.41 | |||
Interbank interest rate | 4.50% | |||
Copper | 2.90 | |||
Two thousand twenty one [member] | Chile [member] | Q1 [member] | Range of upside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.29% | |||
Consumer's Price Index | 115.59 | |||
Interbank interest rate | 5.00% | |||
Copper | 2.90 | |||
Two thousand twenty one [member] | Chile [member] | Q1 [member] | Range of downside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.13% | |||
Consumer's Price Index | 115.23 | |||
Interbank interest rate | 4.00% | |||
Copper | 2.90 | |||
Two thousand twenty one [member] | Chile [member] | Q2 [member] | Base [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.49% | |||
Consumer's Price Index | 116.01 | |||
Interbank interest rate | 4.50% | |||
Copper | 2.91 | |||
Two thousand twenty one [member] | Chile [member] | Q2 [member] | Range of upside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.54% | |||
Consumer's Price Index | 116.16 | |||
Interbank interest rate | 4.50% | |||
Copper | 2.91 | |||
Two thousand twenty one [member] | Chile [member] | Q2 [member] | Range of downside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.43% | |||
Consumer's Price Index | 115.87 | |||
Interbank interest rate | 4.50% | |||
Copper | 2.91 | |||
Two thousand twenty one [member] | Chile [member] | Q3 [member] | Base [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.21% | |||
Consumer's Price Index | 116.86 | |||
Interbank interest rate | 4.50% | |||
Copper | 2.92 | |||
Two thousand twenty one [member] | Chile [member] | Q3 [member] | Range of upside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.23% | |||
Consumer's Price Index | 117.09 | |||
Interbank interest rate | 4.50% | |||
Copper | 2.92 | |||
Two thousand twenty one [member] | Chile [member] | Q3 [member] | Range of downside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 7.20% | |||
Consumer's Price Index | 116.62 | |||
Interbank interest rate | 4.50% | |||
Copper | 2.92 | |||
Two thousand twenty one [member] | Chile [member] | Q4 [member] | Base [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 6.96% | |||
Consumer's Price Index | 117.63 | |||
Interbank interest rate | 4.50% | |||
Copper | 2.93 | |||
Two thousand twenty one [member] | Chile [member] | Q4 [member] | Range of upside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 6.94% | |||
Consumer's Price Index | 117.84 | |||
Interbank interest rate | 4.50% | |||
Copper | 2.93 | |||
Two thousand twenty one [member] | Chile [member] | Q4 [member] | Range of downside scenarios [member] | ||||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | ||||
Unemployment rate | 6.98% | |||
Consumer's Price Index | 117.43 | |||
Interbank interest rate | 4.50% | |||
Copper | 2.93 |
Risk Management - Summary of EC
Risk Management - Summary of ECL Coverage of Loans and Accounts Receivable at Amortized Cost Subject to Significant Measurement Uncertainty (Detail) $ in Millions | Dec. 31, 2018CLP ($) |
Disclosure of credit risk exposure [line items] | |
Loans and accounts receivable at amortized cost | $ 20,714,370 |
Chile [member] | |
Disclosure of credit risk exposure [line items] | |
Reported ECL | 502,943 |
Loans and accounts receivable at amortized cost | $ 16,783,609 |
Chile [member] | Reported coverage [member] | |
Disclosure of credit risk exposure [line items] | |
Expected credit loss rate | 3.00% |
Chile [member] | Consensus upside scenario [member] | |
Disclosure of credit risk exposure [line items] | |
Expected credit loss rate | 2.94% |
Chile [member] | Consensus central scenario [member] | |
Disclosure of credit risk exposure [line items] | |
Expected credit loss rate | 3.00% |
Chile [member] | Consensus downside scenario [member] | |
Disclosure of credit risk exposure [line items] | |
Expected credit loss rate | 3.04% |
Colombia [member] | |
Disclosure of credit risk exposure [line items] | |
Reported ECL | $ 279,770 |
Loans and accounts receivable at amortized cost | $ 4,698,881 |
Colombia [member] | Reported coverage [member] | |
Disclosure of credit risk exposure [line items] | |
Expected credit loss rate | 5.95% |
Colombia [member] | Consensus upside scenario [member] | |
Disclosure of credit risk exposure [line items] | |
Expected credit loss rate | 6.03% |
Colombia [member] | Consensus central scenario [member] | |
Disclosure of credit risk exposure [line items] | |
Expected credit loss rate | 5.95% |
Colombia [member] | Consensus downside scenario [member] | |
Disclosure of credit risk exposure [line items] | |
Expected credit loss rate | 5.84% |
Risk Management - Schedule of C
Risk Management - Schedule of Credit Quality by Financial Asset Class (Detail) - Credit Risk [Member] - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 21,482,490 | $ 20,382,605 |
Commercial loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 14,366,900 | 13,716,546 |
Mortgages loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 2,669,763 | 4,152,753 |
Consumer loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 4,445,827 | 2,513,306 |
IFRS9 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 21,824,197 | |
% of over total portifolio | 100.00% | |
Allowance | $ 768,583 | |
% over total allowance | 100.00% | |
IFRS9 [member] | Individually assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 12,771,745 | |
% of over total portifolio | 58.53% | |
Allowance | $ 389,294 | |
% over total allowance | 50.66% | |
IFRS9 [member] | Collectively assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 9,052,452 | |
% of over total portifolio | 41.47% | |
Allowance | $ 379,289 | |
% over total allowance | 49.34% | |
IFRS9 [member] | Collectively assessed for credit losses [member] | Commercial loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 1,936,862 | |
% of over total portifolio | 8.87% | |
Allowance | $ 95,876 | |
% over total allowance | 12.47% | |
IFRS9 [member] | Collectively assessed for credit losses [member] | Mortgages loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 4,445,827 | |
% of over total portifolio | 20.37% | |
Allowance | $ 66,117 | |
% over total allowance | 8.60% | |
IFRS9 [member] | Collectively assessed for credit losses [member] | Consumer loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 2,669,763 | |
% of over total portifolio | 12.23% | |
Allowance | $ 217,296 | |
% over total allowance | 28.27% | |
IFRS9 [member] | Normal risk portfolio [member] | Individually assessed for credit losses [member] | A1 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 115,422 | |
% of over total portifolio | 0.53% | |
Allowance | $ 899 | |
% over total allowance | 0.12% | |
IFRS9 [member] | Normal risk portfolio [member] | Individually assessed for credit losses [member] | A2 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 681,792 | |
% of over total portifolio | 3.12% | |
Allowance | $ 1,477 | |
% over total allowance | 0.19% | |
IFRS9 [member] | Normal risk portfolio [member] | Individually assessed for credit losses [member] | A3 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 3,033,770 | |
% of over total portifolio | 13.90% | |
Allowance | $ 5,901 | |
% over total allowance | 0.77% | |
IFRS9 [member] | Normal risk portfolio [member] | Individually assessed for credit losses [member] | A4 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 4,007,691 | |
% of over total portifolio | 18.36% | |
Allowance | $ 37,650 | |
% over total allowance | 4.90% | |
IFRS9 [member] | Normal risk portfolio [member] | Individually assessed for credit losses [member] | A5 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 2,727,643 | |
% of over total portifolio | 12.50% | |
Allowance | $ 96,956 | |
% over total allowance | 12.61% | |
IFRS9 [member] | Normal risk portfolio [member] | Individually assessed for credit losses [member] | A 6 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 837,283 | |
% of over total portifolio | 3.84% | |
Allowance | $ 14,829 | |
% over total allowance | 1.93% | |
IFRS9 [member] | Substandar portfolio [member] | Individually assessed for credit losses [member] | B1 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 377,954 | |
% of over total portifolio | 1.73% | |
Allowance | $ 10,116 | |
% over total allowance | 1.32% | |
IFRS9 [member] | Substandar portfolio [member] | Individually assessed for credit losses [member] | B2 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 104,513 | |
% of over total portifolio | 0.48% | |
Allowance | $ 5,479 | |
% over total allowance | 0.71% | |
IFRS9 [member] | Substandar portfolio [member] | Individually assessed for credit losses [member] | External credit grades b3 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 84,197 | |
% of over total portifolio | 0.39% | |
Allowance | $ 8,830 | |
% over total allowance | 1.15% | |
IFRS9 [member] | Substandar portfolio [member] | Individually assessed for credit losses [member] | External credit grades B4 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 297,570 | |
% of over total portifolio | 1.36% | |
Allowance | $ 37,422 | |
% over total allowance | 4.87% | |
IFRS9 [member] | Non-compliant portfolio [member] | Individually assessed for credit losses [member] | External credit grades C1 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 137,216 | |
% of over total portifolio | 0.63% | |
Allowance | $ 2,344 | |
% over total allowance | 0.30% | |
IFRS9 [member] | Non-compliant portfolio [member] | Individually assessed for credit losses [member] | External Credit Grades C2 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 79,134 | |
% of over total portifolio | 0.36% | |
Allowance | $ 6,758 | |
% over total allowance | 0.88% | |
IFRS9 [member] | Non-compliant portfolio [member] | Individually assessed for credit losses [member] | External credit grades C3 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 34,263 | |
% of over total portifolio | 0.16% | |
Allowance | $ 7,317 | |
% over total allowance | 0.95% | |
IFRS9 [member] | Non-compliant portfolio [member] | Individually assessed for credit losses [member] | External credit grades C4 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 62,242 | |
% of over total portifolio | 0.29% | |
Allowance | $ 21,265 | |
% over total allowance | 2.77% | |
IFRS9 [member] | Non-compliant portfolio [member] | Individually assessed for credit losses [member] | External credit grades C5 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 63,181 | |
% of over total portifolio | 0.29% | |
Allowance | $ 47,576 | |
% over total allowance | 6.19% | |
IFRS9 [member] | Non-compliant portfolio [member] | Individually assessed for credit losses [member] | External credit grades C6 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 127,874 | |
% of over total portifolio | 0.59% | |
Allowance | $ 84,475 | |
% over total allowance | 11.00% | |
IAS 39 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 20,452,890 | |
% of over total portifolio | 100.00% | |
Allowance | $ 618,735 | |
Cover range ratio | 3.03% | |
IAS 39 [member] | Individually assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 11,841,793 | |
% of over total portifolio | 57.89% | |
Allowance | $ 298,360 | |
Cover range ratio | 2.52% | |
IAS 39 [member] | Collectively assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 8,611,097 | |
% of over total portifolio | 42.11% | |
Allowance | $ 320,375 | |
Cover range ratio | 3.72% | |
IAS 39 [member] | Normal risk portfolio [member] | Individually assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 10,735,789 | |
% of over total portifolio | 52.49% | |
Allowance | $ 94,781 | |
Cover range ratio | 0.88% | |
IAS 39 [member] | Normal risk portfolio [member] | Individually assessed for credit losses [member] | A1 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 65,511 | |
% of over total portifolio | 0.32% | |
Allowance | $ 21 | |
Cover range ratio | 0.03% | |
IAS 39 [member] | Normal risk portfolio [member] | Individually assessed for credit losses [member] | A2 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 248,736 | |
% of over total portifolio | 1.22% | |
Allowance | $ 273 | |
Cover range ratio | 0.11% | |
IAS 39 [member] | Normal risk portfolio [member] | Individually assessed for credit losses [member] | A3 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 2,950,482 | |
% of over total portifolio | 14.43% | |
Allowance | $ 2,285 | |
Cover range ratio | 0.08% | |
IAS 39 [member] | Normal risk portfolio [member] | Individually assessed for credit losses [member] | A4 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 3,861,377 | |
% of over total portifolio | 18.88% | |
Allowance | $ 22,819 | |
Cover range ratio | 0.59% | |
IAS 39 [member] | Normal risk portfolio [member] | Individually assessed for credit losses [member] | A5 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 2,926,634 | |
% of over total portifolio | 14.31% | |
Allowance | $ 52,874 | |
Cover range ratio | 1.81% | |
IAS 39 [member] | Normal risk portfolio [member] | Individually assessed for credit losses [member] | A 6 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 683,049 | |
% of over total portifolio | 3.33% | |
Allowance | $ 16,509 | |
Cover range ratio | 2.42% | |
IAS 39 [member] | Non-compliant portfolio [member] | Individually assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 1,106,004 | |
% of over total portifolio | 5.40% | |
Allowance | $ 203,579 | |
Cover range ratio | 18.41% | |
IAS 39 [member] | Non-compliant portfolio [member] | Individually assessed for credit losses [member] | B1 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 205,536 | |
% of over total portifolio | 1.00% | |
Allowance | $ 6,087 | |
Cover range ratio | 2.96% | |
IAS 39 [member] | Non-compliant portfolio [member] | Individually assessed for credit losses [member] | B2 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 120,640 | |
% of over total portifolio | 0.59% | |
Allowance | $ 2,315 | |
Cover range ratio | 1.92% | |
IAS 39 [member] | Non-compliant portfolio [member] | Individually assessed for credit losses [member] | Financial assets impaired [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 779,828 | |
% of over total portifolio | 3.81% | |
Allowance | $ 195,177 | |
Cover range ratio | 25.03% | |
Stage1 [member] | IFRS9 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 18,039,481 | |
Allowance | 259,268 | |
Stage1 [member] | IFRS9 [member] | Individually assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 10,566,318 | |
Allowance | 142,883 | |
Stage1 [member] | IFRS9 [member] | Collectively assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 7,473,163 | |
Allowance | 116,385 | |
Stage1 [member] | IFRS9 [member] | Collectively assessed for credit losses [member] | Commercial loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 1,710,659 | |
Allowance | 39,864 | |
Stage1 [member] | IFRS9 [member] | Collectively assessed for credit losses [member] | Mortgages loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 3,626,811 | |
Allowance | 5,756 | |
Stage1 [member] | IFRS9 [member] | Collectively assessed for credit losses [member] | Consumer loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 2,135,693 | |
Allowance | 70,765 | |
Stage1 [member] | IFRS9 [member] | Normal risk portfolio [member] | Individually assessed for credit losses [member] | A1 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 115,422 | |
Allowance | 899 | |
Stage1 [member] | IFRS9 [member] | Normal risk portfolio [member] | Individually assessed for credit losses [member] | A2 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 681,792 | |
Allowance | 1,477 | |
Stage1 [member] | IFRS9 [member] | Normal risk portfolio [member] | Individually assessed for credit losses [member] | A3 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 3,033,770 | |
Allowance | 5,901 | |
Stage1 [member] | IFRS9 [member] | Normal risk portfolio [member] | Individually assessed for credit losses [member] | A4 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 4,007,691 | |
Allowance | 37,650 | |
Stage1 [member] | IFRS9 [member] | Normal risk portfolio [member] | Individually assessed for credit losses [member] | A5 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 2,727,643 | |
Allowance | 96,956 | |
Stage 2 [member] | IFRS9 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 2,899,739 | |
Allowance | 219,940 | |
Stage 2 [member] | IFRS9 [member] | Individually assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 1,701,517 | |
Allowance | 76,676 | |
Stage 2 [member] | IFRS9 [member] | Collectively assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 1,198,222 | |
Allowance | 143,264 | |
Stage 2 [member] | IFRS9 [member] | Collectively assessed for credit losses [member] | Commercial loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 95,045 | |
Allowance | 20,622 | |
Stage 2 [member] | IFRS9 [member] | Collectively assessed for credit losses [member] | Mortgages loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 659,119 | |
Allowance | 37,800 | |
Stage 2 [member] | IFRS9 [member] | Collectively assessed for credit losses [member] | Consumer loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 444,058 | |
Allowance | 84,842 | |
Stage 2 [member] | IFRS9 [member] | Normal risk portfolio [member] | Individually assessed for credit losses [member] | A 6 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 837,283 | |
Allowance | 14,829 | |
Stage 2 [member] | IFRS9 [member] | Substandar portfolio [member] | Individually assessed for credit losses [member] | B1 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 377,954 | |
Allowance | 10,116 | |
Stage 2 [member] | IFRS9 [member] | Substandar portfolio [member] | Individually assessed for credit losses [member] | B2 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 104,513 | |
Allowance | 5,479 | |
Stage 2 [member] | IFRS9 [member] | Substandar portfolio [member] | Individually assessed for credit losses [member] | External credit grades b3 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 84,197 | |
Allowance | 8,830 | |
Stage 2 [member] | IFRS9 [member] | Substandar portfolio [member] | Individually assessed for credit losses [member] | External credit grades B4 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 297,570 | |
Allowance | 37,422 | |
Stage 3 [member] | IFRS9 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 884,977 | |
Allowance | 289,375 | |
Stage 3 [member] | IFRS9 [member] | Individually assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 503,910 | |
Allowance | 169,735 | |
Stage 3 [member] | IFRS9 [member] | Collectively assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 381,067 | |
Allowance | 119,640 | |
Stage 3 [member] | IFRS9 [member] | Collectively assessed for credit losses [member] | Commercial loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 131,158 | |
Allowance | 35,390 | |
Stage 3 [member] | IFRS9 [member] | Collectively assessed for credit losses [member] | Mortgages loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 159,897 | |
Allowance | 22,561 | |
Stage 3 [member] | IFRS9 [member] | Collectively assessed for credit losses [member] | Consumer loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 90,012 | |
Allowance | 61,689 | |
Stage 3 [member] | IFRS9 [member] | Non-compliant portfolio [member] | Individually assessed for credit losses [member] | External credit grades C1 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 137,216 | |
Allowance | 2,344 | |
Stage 3 [member] | IFRS9 [member] | Non-compliant portfolio [member] | Individually assessed for credit losses [member] | External Credit Grades C2 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 79,134 | |
Allowance | 6,758 | |
Stage 3 [member] | IFRS9 [member] | Non-compliant portfolio [member] | Individually assessed for credit losses [member] | External credit grades C3 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 34,263 | |
Allowance | 7,317 | |
Stage 3 [member] | IFRS9 [member] | Non-compliant portfolio [member] | Individually assessed for credit losses [member] | External credit grades C4 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 62,242 | |
Allowance | 21,265 | |
Stage 3 [member] | IFRS9 [member] | Non-compliant portfolio [member] | Individually assessed for credit losses [member] | External credit grades C5 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 63,181 | |
Allowance | 47,576 | |
Stage 3 [member] | IFRS9 [member] | Non-compliant portfolio [member] | Individually assessed for credit losses [member] | External credit grades C6 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 127,874 | |
Allowance | $ 84,475 | |
Commercial loans [member] | IAS 39 [member] | Collectively assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 1,945,038 | |
% of over total portifolio | 9.51% | |
Allowance | $ 148,762 | |
Cover range ratio | 7.65% | |
Commercial loans [member] | IAS 39 [member] | Normal risk portfolio [member] | Collectively assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 1,751,232 | |
% of over total portifolio | 8.56% | |
Allowance | $ 57,057 | |
Cover range ratio | 3.26% | |
Commercial loans [member] | IAS 39 [member] | Non-compliant portfolio [member] | Collectively assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 193,806 | |
% of over total portifolio | 0.95% | |
Allowance | $ 91,705 | |
Cover range ratio | 47.32% | |
Mortgages loans [member] | IAS 39 [member] | Collectively assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 4,152,753 | |
% of over total portifolio | 20.31% | |
Allowance | $ 35,019 | |
Cover range ratio | 0.84% | |
Mortgages loans [member] | IAS 39 [member] | Normal risk portfolio [member] | Collectively assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 3,975,744 | |
% of over total portifolio | 19.44% | |
Allowance | $ 22,730 | |
Cover range ratio | 0.57% | |
Mortgages loans [member] | IAS 39 [member] | Non-compliant portfolio [member] | Collectively assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 177,009 | |
% of over total portifolio | 0.87% | |
Allowance | $ 12,289 | |
Cover range ratio | 6.94% | |
Consumer loans [member] | IAS 39 [member] | Collectively assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 2,513,306 | |
% of over total portifolio | 12.29% | |
Allowance | $ 136,594 | |
Cover range ratio | 5.43% | |
Consumer loans [member] | IAS 39 [member] | Normal risk portfolio [member] | Collectively assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 2,396,246 | |
% of over total portifolio | 11.72% | |
Allowance | $ 93,255 | |
Cover range ratio | 3.89% | |
Consumer loans [member] | IAS 39 [member] | Non-compliant portfolio [member] | Collectively assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 117,060 | |
% of over total portifolio | 0.57% | |
Allowance | $ 43,339 | |
Cover range ratio | 37.02% |
Risk Management - Schedule of A
Risk Management - Schedule of Analysis of Gross Carrying Amount of Loans and Advances to Customers by Past Due Status under IFRS 9 and IAS 39 (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | $ 19,764,078 | |
IFRS9 [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 804,118 | |
IFRS9 [member] | Interbank loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 463 | |
IAS 39 [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 19,764,078 | |
Gross assets [member] | IFRS9 [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | $ 21,824,197 | |
Gross assets [member] | IFRS9 [member] | Interbank loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 341,707 | |
Gross assets [member] | IFRS9 [member] | Amount owed by customers [member] | Commercial loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 14,366,900 | |
Gross assets [member] | IFRS9 [member] | Amount owed by customers [member] | Mortgages loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 4,445,827 | |
Gross assets [member] | IFRS9 [member] | Amount owed by customers [member] | Consumer loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 2,669,763 | |
Gross assets [member] | IAS 39 [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 21,128,412 | |
Gross assets [member] | IAS 39 [member] | Interbank loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 70,285 | |
Gross assets [member] | IAS 39 [member] | Amount owed by customers [member] | Commercial loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 14,200,919 | |
Gross assets [member] | IAS 39 [member] | Amount owed by customers [member] | Mortgages loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 4,165,150 | |
Gross assets [member] | IAS 39 [member] | Amount owed by customers [member] | Consumer loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 2,692,058 | |
No yet over due [member] | Gross assets [member] | IFRS9 [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 20,700,369 | |
No yet over due [member] | Gross assets [member] | IFRS9 [member] | Interbank loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 341,707 | |
No yet over due [member] | Gross assets [member] | IFRS9 [member] | Amount owed by customers [member] | Commercial loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 13,683,048 | |
No yet over due [member] | Gross assets [member] | IFRS9 [member] | Amount owed by customers [member] | Mortgages loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 4,181,849 | |
No yet over due [member] | Gross assets [member] | IFRS9 [member] | Amount owed by customers [member] | Consumer loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 2,493,765 | |
No yet over due [member] | Gross assets [member] | IAS 39 [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 20,012,412 | |
No yet over due [member] | Gross assets [member] | IAS 39 [member] | Interbank loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 70,285 | |
No yet over due [member] | Gross assets [member] | IAS 39 [member] | Amount owed by customers [member] | Commercial loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 13,526,944 | |
No yet over due [member] | Gross assets [member] | IAS 39 [member] | Amount owed by customers [member] | Mortgages loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 3,893,786 | |
No yet over due [member] | Gross assets [member] | IAS 39 [member] | Amount owed by customers [member] | Consumer loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 2,521,397 | |
Up to one month [member] | Gross assets [member] | IFRS9 [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 429,791 | |
Up to one month [member] | Gross assets [member] | IFRS9 [member] | Amount owed by customers [member] | Commercial loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 251,596 | |
Up to one month [member] | Gross assets [member] | IFRS9 [member] | Amount owed by customers [member] | Mortgages loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 108,783 | |
Up to one month [member] | Gross assets [member] | IFRS9 [member] | Amount owed by customers [member] | Consumer loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 69,412 | |
Up to one month [member] | Gross assets [member] | IAS 39 [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 396,178 | |
Up to one month [member] | Gross assets [member] | IAS 39 [member] | Amount owed by customers [member] | Commercial loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 211,535 | |
Up to one month [member] | Gross assets [member] | IAS 39 [member] | Amount owed by customers [member] | Mortgages loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 115,688 | |
Up to one month [member] | Gross assets [member] | IAS 39 [member] | Amount owed by customers [member] | Consumer loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 68,955 | |
1 - 3 months [member] | Gross assets [member] | IFRS9 [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 241,090 | |
1 - 3 months [member] | Gross assets [member] | IFRS9 [member] | Amount owed by customers [member] | Commercial loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 117,386 | |
1 - 3 months [member] | Gross assets [member] | IFRS9 [member] | Amount owed by customers [member] | Mortgages loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 64,088 | |
1 - 3 months [member] | Gross assets [member] | IFRS9 [member] | Amount owed by customers [member] | Consumer loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 59,616 | |
1 - 3 months [member] | Gross assets [member] | IAS 39 [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 257,807 | |
1 - 3 months [member] | Gross assets [member] | IAS 39 [member] | Amount owed by customers [member] | Commercial loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 143,063 | |
1 - 3 months [member] | Gross assets [member] | IAS 39 [member] | Amount owed by customers [member] | Mortgages loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 61,890 | |
1 - 3 months [member] | Gross assets [member] | IAS 39 [member] | Amount owed by customers [member] | Consumer loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 52,854 | |
Over 90 Days or More [Member] | Gross assets [member] | IFRS9 [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 452,947 | |
Over 90 Days or More [Member] | Gross assets [member] | IFRS9 [member] | Amount owed by customers [member] | Commercial loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 314,870 | |
Over 90 Days or More [Member] | Gross assets [member] | IFRS9 [member] | Amount owed by customers [member] | Mortgages loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 91,107 | |
Over 90 Days or More [Member] | Gross assets [member] | IFRS9 [member] | Amount owed by customers [member] | Consumer loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 46,970 | |
Over 90 Days or More [Member] | Gross assets [member] | IAS 39 [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 462,015 | |
Over 90 Days or More [Member] | Gross assets [member] | IAS 39 [member] | Amount owed by customers [member] | Commercial loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 319,377 | |
Over 90 Days or More [Member] | Gross assets [member] | IAS 39 [member] | Amount owed by customers [member] | Mortgages loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 93,786 | |
Over 90 Days or More [Member] | Gross assets [member] | IAS 39 [member] | Amount owed by customers [member] | Consumer loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 48,852 | |
Over Due [Member] | Gross assets [member] | IFRS9 [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 1,123,828 | |
Over Due [Member] | Gross assets [member] | IFRS9 [member] | Amount owed by customers [member] | Commercial loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 683,852 | |
Over Due [Member] | Gross assets [member] | IFRS9 [member] | Amount owed by customers [member] | Mortgages loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 263,978 | |
Over Due [Member] | Gross assets [member] | IFRS9 [member] | Amount owed by customers [member] | Consumer loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | $ 175,998 | |
Over Due [Member] | Gross assets [member] | IAS 39 [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 1,116,000 | |
Over Due [Member] | Gross assets [member] | IAS 39 [member] | Amount owed by customers [member] | Commercial loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 673,975 | |
Over Due [Member] | Gross assets [member] | IAS 39 [member] | Amount owed by customers [member] | Mortgages loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 271,364 | |
Over Due [Member] | Gross assets [member] | IAS 39 [member] | Amount owed by customers [member] | Consumer loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | $ 170,661 |
Risk Management - Schedule of B
Risk Management - Schedule of Bank's Maximum Credit Risk Exposure by Financial Asset (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Commercial loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | $ 14,366,900 | $ 13,716,546 |
Consumer loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 2,669,763 | 2,513,306 |
Credit Risk [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 20,714,370 | 19,764,078 |
Collateral, cash | 91,223 | |
Collateral, non-cash | 13,252,607 | |
Maximum Exposure, net amounts | 17,852,157 | 24,405,987 |
Credit Risk [Member] | Commercial loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 13,882,193 | 13,269,632 |
Credit Risk [Member] | Mortgages loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 2,452,467 | 4,117,734 |
Credit Risk [Member] | Consumer loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 4,379,710 | 2,376,712 |
Credit Risk [Member] | Financial assets at fair value through other comprehensive income [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure, net amounts | 2,657,154 | |
Credit Risk [Member] | Loans and accounts receivable at amortized cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Collateral, non-cash | 13,143,140 | |
Maximum Exposure, net amounts | 12,909,296 | |
Credit Risk [Member] | Loans and accounts receivable at amortized cost [member] | Commercial loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Collateral, non-cash | 5,527,419 | |
Maximum Exposure, net amounts | 13,692,840 | |
Credit Risk [Member] | Loans and accounts receivable at amortized cost [member] | Mortgages loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Collateral, non-cash | 7,257,682 | |
Maximum Exposure, net amounts | (2,877,972) | |
Credit Risk [Member] | Loans and accounts receivable at amortized cost [member] | Consumer loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Collateral, non-cash | 358,039 | |
Maximum Exposure, net amounts | 2,094,428 | |
Credit Risk [Member] | Financial assets at amortised cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure, net amounts | 198,923 | |
Credit Risk [Member] | Investments under Agreements to Resell [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Collateral, non-cash | 109,467 | |
Maximum Exposure, net amounts | 28,524 | |
Credit Risk [Member] | Financial derivative contracts [member] | ||
Disclosure of credit risk exposure [line items] | ||
Collateral, cash | 91,223 | |
Maximum Exposure, net amounts | 1,277,734 | 1,248,775 |
Credit Risk [Member] | Interbank loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure, net amounts | 341,244 | 70,077 |
Credit Risk [Member] | Financial other assets category [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure, net amounts | 467,806 | |
Credit Risk [Member] | Loans and receivables from customers, net [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure, net amounts | 19,764,078 | |
Credit Risk [Member] | Financial Investments Available-for-Sale [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure, net amounts | 2,663,478 | |
Credit Risk [Member] | Held to Maturity Investments [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure, net amounts | 202,030 | |
Credit Risk [Member] | Other assets [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure, net amounts | $ 429,025 | |
On Balance Sheet [member] | Credit Risk [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 25,857,921 | |
On Balance Sheet [member] | Credit Risk [Member] | Financial assets at fair value through other comprehensive income [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 2,657,154 | |
On Balance Sheet [member] | Credit Risk [Member] | Loans and accounts receivable at amortized cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 20,714,370 | |
On Balance Sheet [member] | Credit Risk [Member] | Loans and accounts receivable at amortized cost [member] | Commercial loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 13,882,193 | |
On Balance Sheet [member] | Credit Risk [Member] | Loans and accounts receivable at amortized cost [member] | Mortgages loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 4,379,710 | |
On Balance Sheet [member] | Credit Risk [Member] | Loans and accounts receivable at amortized cost [member] | Consumer loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 2,452,467 | |
On Balance Sheet [member] | Credit Risk [Member] | Financial assets at amortised cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 198,923 | |
On Balance Sheet [member] | Credit Risk [Member] | Investments under Agreements to Resell [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 109,467 | |
On Balance Sheet [member] | Credit Risk [Member] | Financial derivative contracts [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 1,368,957 | |
On Balance Sheet [member] | Credit Risk [Member] | Interbank loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 341,244 | |
On Balance Sheet [member] | Credit Risk [Member] | Financial other assets category [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 467,806 | |
On Balance Sheet [member] | Credit Risk [Member] | Gross assets [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 26,626,504 | |
On Balance Sheet [member] | Credit Risk [Member] | Gross assets [member] | Financial assets at fair value through other comprehensive income [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 2,657,154 | |
On Balance Sheet [member] | Credit Risk [Member] | Gross assets [member] | Loans and accounts receivable at amortized cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 21,482,490 | |
On Balance Sheet [member] | Credit Risk [Member] | Gross assets [member] | Loans and accounts receivable at amortized cost [member] | Commercial loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 14,366,900 | |
On Balance Sheet [member] | Credit Risk [Member] | Gross assets [member] | Loans and accounts receivable at amortized cost [member] | Mortgages loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 4,445,827 | |
On Balance Sheet [member] | Credit Risk [Member] | Gross assets [member] | Loans and accounts receivable at amortized cost [member] | Consumer loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 2,669,763 | |
On Balance Sheet [member] | Credit Risk [Member] | Gross assets [member] | Financial assets at amortised cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 198,923 | |
On Balance Sheet [member] | Credit Risk [Member] | Gross assets [member] | Investments under Agreements to Resell [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 109,467 | |
On Balance Sheet [member] | Credit Risk [Member] | Gross assets [member] | Financial derivative contracts [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 1,368,957 | |
On Balance Sheet [member] | Credit Risk [Member] | Gross assets [member] | Interbank loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 341,707 | |
On Balance Sheet [member] | Credit Risk [Member] | Gross assets [member] | Financial other assets category [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 467,806 | |
On Balance Sheet [member] | Credit Risk [Member] | Allowances for loan losses [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | (768,583) | |
On Balance Sheet [member] | Credit Risk [Member] | Allowances for loan losses [member] | Loans and accounts receivable at amortized cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | (768,120) | |
On Balance Sheet [member] | Credit Risk [Member] | Allowances for loan losses [member] | Loans and accounts receivable at amortized cost [member] | Commercial loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | (484,707) | |
On Balance Sheet [member] | Credit Risk [Member] | Allowances for loan losses [member] | Loans and accounts receivable at amortized cost [member] | Mortgages loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | (66,117) | |
On Balance Sheet [member] | Credit Risk [Member] | Allowances for loan losses [member] | Loans and accounts receivable at amortized cost [member] | Consumer loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | (217,296) | |
On Balance Sheet [member] | Credit Risk [Member] | Allowances for loan losses [member] | Interbank loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | (463) | |
Off Balance Sheet [member] | Credit Risk [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 5,338,066 | |
Off Balance Sheet [member] | Credit Risk [Member] | Loans and accounts receivable at amortized cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 5,338,066 | |
Off Balance Sheet [member] | Credit Risk [Member] | Loans and accounts receivable at amortized cost [member] | Commercial loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 5,338,066 | |
Off Balance Sheet [member] | Credit Risk [Member] | Gross assets [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 5,383,914 | |
Off Balance Sheet [member] | Credit Risk [Member] | Gross assets [member] | Loans and accounts receivable at amortized cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 5,383,914 | |
Off Balance Sheet [member] | Credit Risk [Member] | Gross assets [member] | Loans and accounts receivable at amortized cost [member] | Commercial loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 5,383,914 | |
Off Balance Sheet [member] | Credit Risk [Member] | Allowances for loan losses [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | (45,848) | |
Off Balance Sheet [member] | Credit Risk [Member] | Allowances for loan losses [member] | Loans and accounts receivable at amortized cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | (45,848) | |
Off Balance Sheet [member] | Credit Risk [Member] | Allowances for loan losses [member] | Loans and accounts receivable at amortized cost [member] | Commercial loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | $ (45,848) |
Risk Management - Summary For A
Risk Management - Summary For Allowances For Loan Losses According to IFRS 9 (Detail) $ in Millions | Dec. 31, 2017CLP ($) |
Disclosure Of Allowances For Loan Losses [line items] | |
Loans and accounts receivable at amortized cost | $ 19,764,078 |
IFRS9 [member] | |
Disclosure Of Allowances For Loan Losses [line items] | |
Loans and accounts receivable at amortized cost | 804,118 |
IFRS9 [member] | Loans and receivables to Amortized Cost [member] | |
Disclosure Of Allowances For Loan Losses [line items] | |
Loans and accounts receivable at amortized cost | 782,713 |
IFRS9 [member] | Interbank loans [member] | |
Disclosure Of Allowances For Loan Losses [line items] | |
Loans and accounts receivable at amortized cost | 463 |
IFRS9 [member] | Provisions for contingent loans risk [member] | |
Disclosure Of Allowances For Loan Losses [line items] | |
Loans and accounts receivable at amortized cost | $ 20,942 |
Risk Management - Schedule of_2
Risk Management - Schedule of Concentration of Credit Risk by Industry (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Commercial loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum net exposure | $ 14,366,900 | $ 13,716,546 |
Consumer loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum net exposure | 2,669,763 | 2,513,306 |
Credit Risk [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | 21,482,490 | 20,382,605 |
Maximum net exposure | 20,714,370 | 19,764,078 |
Credit Risk [Member] | Commercial loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | 14,366,900 | 13,716,546 |
Maximum net exposure | $ 13,882,193 | $ 13,269,632 |
Maximum net exposure percent | 100.00% | 100.00% |
Credit Risk [Member] | Commercial loans [member] | Manufacturing [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 1,097,211 | $ 1,040,491 |
Maximum net exposure | $ 994,246 | $ 960,774 |
Maximum net exposure percent | 7.64% | 7.24% |
Credit Risk [Member] | Commercial loans [member] | Mining [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 677,777 | $ 644,061 |
Maximum net exposure | $ 675,973 | $ 419,582 |
Maximum net exposure percent | 4.72% | 3.16% |
Credit Risk [Member] | Commercial loans [member] | Electricity, gas and water [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 957,373 | $ 936,483 |
Maximum net exposure | $ 769,643 | $ 466,008 |
Maximum net exposure percent | 6.66% | 3.51% |
Credit Risk [Member] | Commercial loans [member] | Agriculture and livestock [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 346,369 | $ 415,930 |
Maximum net exposure | $ 341,018 | $ 289,826 |
Maximum net exposure percent | 2.41% | 2.18% |
Credit Risk [Member] | Commercial loans [member] | Forestry and wood extraction [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 29,683 | $ 38,807 |
Maximum net exposure | $ 24,362 | $ 32,165 |
Maximum net exposure percent | 0.21% | 0.24% |
Credit Risk [Member] | Commercial loans [member] | Fishing [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 3,475 | $ 13,912 |
Maximum net exposure | $ 2,621 | $ 8,688 |
Maximum net exposure percent | 0.02% | 0.07% |
Credit Risk [Member] | Commercial loans [member] | Transport [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 700,401 | $ 668,477 |
Maximum net exposure | $ 602,973 | $ 450,949 |
Maximum net exposure percent | 4.88% | 3.40% |
Credit Risk [Member] | Commercial loans [member] | Communications [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 86,077 | $ 94,439 |
Maximum net exposure | $ 84,135 | $ 28,201 |
Maximum net exposure percent | 0.60% | 0.21% |
Credit Risk [Member] | Commercial loans [member] | Construction [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 1,746,626 | $ 1,638,120 |
Maximum net exposure | $ 1,729,426 | $ 1,357,343 |
Maximum net exposure percent | 12.16% | 10.23% |
Credit Risk [Member] | Commercial loans [member] | Commerce [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 1,620,108 | $ 1,712,850 |
Maximum net exposure | $ 1,599,435 | $ 998,567 |
Maximum net exposure percent | 11.27% | 7.53% |
Credit Risk [Member] | Commercial loans [member] | Services [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 3,872,060 | $ 3,780,733 |
Maximum net exposure | $ 3,869,613 | $ 2,578,863 |
Maximum net exposure percent | 26.95% | 19.43% |
Credit Risk [Member] | Commercial loans [member] | Others [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 3,229,740 | $ 2,732,243 |
Maximum net exposure | $ 3,188,748 | $ 5,678,666 |
Maximum net exposure percent | 22.48% | 42.79% |
Credit Risk [Member] | Consumer loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 4,445,827 | $ 2,513,306 |
Maximum net exposure | 4,379,710 | 2,376,712 |
Credit Risk [Member] | Mortgages loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | 2,669,763 | 4,152,753 |
Maximum net exposure | $ 2,452,467 | $ 4,117,734 |
Risk Management - Schedule of_3
Risk Management - Schedule of Banking Book Positions (Products Valued at Amortized Cost and Available-for-sale Instruments and Derivatives Valued at Fair Value) (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | $ 20,382,605 | $ 20,382,605 | |
Interest rate risk [member] | Banking book [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | $ 28,706,104 | 24,399,969 | |
Financial liabilities | (29,475,307) | (26,358,668) | |
Derivatives | 729,830 | (320,596) | |
Interest rate risk [member] | Banking book [member] | CLP [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 9,253,787 | 8,818,335 | |
Financial liabilities | (13,188,076) | (12,154,211) | |
Derivatives | 1,981,913 | 1,068,503 | |
Interest rate risk [member] | Banking book [member] | CLF [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 10,270,748 | 9,063,600 | |
Financial liabilities | (6,861,690) | (5,747,131) | |
Derivatives | (1,625,472) | (2,439,315) | |
Interest rate risk [member] | Banking book [member] | USD [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 3,519,149 | 1,559,546 | |
Financial liabilities | (3,887,713) | (3,169,992) | |
Derivatives | 619,127 | 1,272,218 | |
Interest rate risk [member] | Banking book [member] | COP [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 5,662,420 | 4,958,488 | |
Financial liabilities | (5,537,828) | (5,287,334) | |
Derivatives | (245,738) | (222,002) | |
Interest rate risk [member] | Banking book [member] | Up to one month [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 7,361,827 | 7,436,586 | |
Financial liabilities | (14,009,676) | (11,817,755) | |
Derivatives | (729,147) | 256,630 | |
Interest rate risk [member] | Banking book [member] | Up to one month [member] | CLP [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 3,519,009 | 4,256,811 | |
Financial liabilities | (8,733,561) | (6,418,945) | |
Derivatives | (209,799) | 819,878 | |
Interest rate risk [member] | Banking book [member] | Up to one month [member] | CLF [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 466,115 | 481,000 | |
Financial liabilities | (214,266) | (352,331) | |
Derivatives | (366,332) | (1,209,472) | |
Interest rate risk [member] | Banking book [member] | Up to one month [member] | USD [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 1,469,457 | 702,899 | |
Financial liabilities | (1,319,813) | (1,861,588) | |
Derivatives | (50,293) | 879,996 | |
Interest rate risk [member] | Banking book [member] | Up to one month [member] | COP [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 1,907,246 | 1,995,876 | |
Financial liabilities | (3,742,036) | (3,184,891) | |
Derivatives | (102,723) | (233,772) | |
Interest rate risk [member] | Banking book [member] | 1 - 3 months [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 2,732,465 | 2,246,446 | |
Financial liabilities | (2,685,555) | (2,349,046) | |
Derivatives | 444,096 | (35,782) | |
Interest rate risk [member] | Banking book [member] | 1 - 3 months [member] | CLP [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 1,000,478 | 892,701 | |
Financial liabilities | (1,463,211) | (1,147,278) | |
Derivatives | 1,521,695 | 456,293 | |
Interest rate risk [member] | Banking book [member] | 1 - 3 months [member] | CLF [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 447,398 | 510,095 | |
Financial liabilities | (181,744) | (255,086) | |
Derivatives | (1,221,035) | (508,032) | |
Interest rate risk [member] | Banking book [member] | 1 - 3 months [member] | USD [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 623,505 | 263,710 | |
Financial liabilities | (643,544) | (318,197) | |
Derivatives | 263,381 | (47,020) | |
Interest rate risk [member] | Banking book [member] | 1 - 3 months [member] | COP [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 661,084 | 579,940 | |
Financial liabilities | (397,056) | (628,485) | |
Derivatives | (119,945) | 62,977 | |
Interest rate risk [member] | Banking book [member] | 3 months to 1 year [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 5,510,072 | 5,019,349 | |
Financial liabilities | (4,724,403) | (4,811,419) | |
Derivatives | 251,673 | (808,002) | |
Interest rate risk [member] | Banking book [member] | 3 months to 1 year [member] | CLP [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 1,753,132 | 1,688,269 | |
Financial liabilities | (2,101,205) | (3,162,828) | |
Derivatives | 394,300 | 268,834 | |
Interest rate risk [member] | Banking book [member] | 3 months to 1 year [member] | CLF [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 1,329,598 | 2,008,605 | |
Financial liabilities | (190,917) | (423,122) | |
Derivatives | (469,699) | (817,140) | |
Interest rate risk [member] | Banking book [member] | 3 months to 1 year [member] | USD [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 1,197,716 | 547,828 | |
Financial liabilities | (1,750,434) | (539,389) | |
Derivatives | 452,557 | 70,834 | |
Interest rate risk [member] | Banking book [member] | 3 months to 1 year [member] | COP [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 1,229,626 | 774,647 | |
Financial liabilities | (681,847) | (686,080) | |
Derivatives | (125,485) | (330,530) | |
Interest rate risk [member] | Banking book [member] | 1 - 3 years [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 4,787,052 | 4,535,451 | |
Financial liabilities | (2,206,000) | (3,107,492) | |
Derivatives | (21,576) | 186,303 | |
Interest rate risk [member] | Banking book [member] | 1 - 3 years [member] | CLP [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 1,800,011 | 1,315,539 | |
Financial liabilities | (560,099) | (1,204,044) | |
Derivatives | 209,804 | (324,113) | |
Interest rate risk [member] | Banking book [member] | 1 - 3 years [member] | CLF [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 1,845,604 | 2,172,278 | |
Financial liabilities | (1,072,879) | (968,507) | |
Derivatives | (330,428) | (226,061) | |
Interest rate risk [member] | Banking book [member] | 1 - 3 years [member] | USD [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 126,122 | 33,258 | |
Financial liabilities | (173,922) | (450,818) | |
Derivatives | (38,395) | 361,999 | |
Interest rate risk [member] | Banking book [member] | 1 - 3 years [member] | COP [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 1,015,315 | 1,014,376 | |
Financial liabilities | (399,100) | (484,123) | |
Derivatives | 137,443 | 374,478 | |
Interest rate risk [member] | Banking book [member] | More than 3 Years [Member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 8,314,688 | 5,162,137 | |
Financial liabilities | (5,849,673) | (4,272,956) | |
Derivatives | 784,784 | 80,255 | |
Interest rate risk [member] | Banking book [member] | More than 3 Years [Member] | CLP [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 1,181,157 | 665,015 | |
Financial liabilities | (330,000) | (221,116) | |
Derivatives | 65,913 | (152,389) | |
Interest rate risk [member] | Banking book [member] | More than 3 Years [Member] | CLF [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 6,182,033 | 3,891,622 | |
Financial liabilities | (5,201,884) | (3,748,085) | |
Derivatives | 762,022 | 321,390 | |
Interest rate risk [member] | Banking book [member] | More than 3 Years [Member] | USD [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 102,349 | 11,851 | |
Derivatives | (8,123) | 6,409 | |
Interest rate risk [member] | Banking book [member] | More than 3 Years [Member] | COP [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Financial assets | 849,149 | 593,649 | |
Financial liabilities | (317,789) | (303,755) | |
Derivatives | $ (35,028) | $ (95,155) |
Risk Management - Schedule of T
Risk Management - Schedule of Trading Book (Detail) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Regulatory risk [member] | Trading book [member] | |||
Estimated limit for market risk [line items] | |||
Market risk exposure (MRE) | 71.80% | 71.30% | 60.40% |
Risk Management - Schedule of_4
Risk Management - Schedule of Banking Book (Detail) - Regulatory risk [member] - Banking book [member] | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Estimated limit for market risk [line items] | |||
Short-term exposure to interest rate risk | 51.40% | 45.00% | 60.60% |
Long-term exposure to interest rate risk | 50.30% | 43.20% | 13.18% |
Risk Management - Schedule of I
Risk Management - Schedule of Interest Rate (Detail) - Interest rate risk [member] | Dec. 31, 2018 |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 1 Day [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (35.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 1 Day [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 139.00% |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Up to three months [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (35.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Up to three months [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 139.00% |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Not later than six months [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (35.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Not later than six months [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 139.00% |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Not later than nine months [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (35.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Not later than nine months [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 111.00% |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 1 year [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (35.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 1 year [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 81.00% |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 2 year [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (46.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 2 year [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 86.00% |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 3 year [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (47.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 3 year [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 83.00% |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 4 year [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (48.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 4 year [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 79.00% |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than five years and not later than seven years [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (48.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than five years and not later than seven years [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 75.00% |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than seven years and not later than ten years [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (45.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than seven years and not later than ten years [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 67.00% |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than ten years and not later than twenty years [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (39.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than ten years and not later than twenty years [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 55.00% |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than twenty years [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (39.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than twenty years [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 42.00% |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 1 Day [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (35.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 1 Day [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (139.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Up to three months [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (35.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Up to three months [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (139.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Not later than six months [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (35.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Not later than six months [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (139.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Not later than nine months [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (35.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Not later than nine months [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (111.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 1 year [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (35.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 1 year [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (81.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 2 year [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (46.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 2 year [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (86.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 3 year [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (47.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 3 year [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (83.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 4 year [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (48.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 4 year [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (79.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than five years and not later than seven years [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (48.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than five years and not later than seven years [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (75.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than seven years and not later than ten years [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (45.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than seven years and not later than ten years [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (67.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than ten years and not later than twenty years [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (39.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than ten years and not later than twenty years [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (55.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than twenty years [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (39.00%) |
Chamber [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than twenty years [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (42.00%) |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 1 Day [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 52.00% |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 1 Day [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 140.00% |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Up to three months [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 52.00% |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Up to three months [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 140.00% |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Not later than six months [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 52.00% |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Not later than six months [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 140.00% |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Not later than nine months [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 57.00% |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Not later than nine months [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 116.00% |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 1 year [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 62.00% |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 1 year [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 89.00% |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 2 year [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 52.00% |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 2 year [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 56.00% |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 3 year [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 48.00% |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 3 year [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 60.00% |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 4 year [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 43.00% |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 4 year [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 64.00% |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than five years and not later than seven years [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 39.00% |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than five years and not later than seven years [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 68.00% |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than seven years and not later than ten years [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 43.00% |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than seven years and not later than ten years [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 68.00% |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than ten years and not later than twenty years [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 50.00% |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than ten years and not later than twenty years [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 68.00% |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than twenty years [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 50.00% |
Goverment [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than twenty years [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 48.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 1 Day [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 52.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 1 Day [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 140.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Up to three months [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 52.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Up to three months [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 140.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Not later than six months [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 52.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Not later than six months [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 140.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Not later than nine months [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 57.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Not later than nine months [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 116.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 1 year [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 62.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 1 year [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 89.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 2 year [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 52.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 2 year [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 56.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 3 year [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 48.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 3 year [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 60.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 4 year [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 43.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 4 year [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 64.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than five years and not later than seven years [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 39.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than five years and not later than seven years [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 68.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than seven years and not later than ten years [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 43.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than seven years and not later than ten years [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 68.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than ten years and not later than twenty years [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 50.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than ten years and not later than twenty years [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 68.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than twenty years [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 50.00% |
Goverment [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than twenty years [member] | CLF [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 48.00% |
Goverment [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | 1 Day [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (18.00%) |
Goverment [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | Up to three months [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (13.00%) |
Goverment [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | Not later than six months [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (8.00%) |
Goverment [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | Not later than nine months [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (3.00%) |
Goverment [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | 1 year [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 2.00% |
Goverment [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | 2 year [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 22.00% |
Goverment [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | 3 year [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 42.00% |
Goverment [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | 4 year [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 53.00% |
Goverment [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | Later than five years and not later than seven years [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 54.00% |
Goverment [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | Later than seven years and not later than ten years [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 56.00% |
Goverment [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | Later than ten years and not later than twenty years [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 58.00% |
Goverment [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | Later than twenty years [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 49.00% |
Goverment [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | 1 Day [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (18.00%) |
Goverment [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | Up to three months [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (13.00%) |
Goverment [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | Not later than six months [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (8.00%) |
Goverment [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | Not later than nine months [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (3.00%) |
Goverment [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | 1 year [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 2.00% |
Goverment [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | 2 year [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 22.00% |
Goverment [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | 3 year [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 42.00% |
Goverment [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | 4 year [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 53.00% |
Goverment [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | Later than five years and not later than seven years [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 54.00% |
Goverment [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | Later than seven years and not later than ten years [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 56.00% |
Goverment [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | Later than ten years and not later than twenty years [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 58.00% |
Goverment [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | Later than twenty years [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 49.00% |
Goverment [member] | Colombia [member] | Scenarios for impact on accrual book [member] | 1 Day [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 44.00% |
Goverment [member] | Colombia [member] | Scenarios for impact on accrual book [member] | Up to three months [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 31.00% |
Goverment [member] | Colombia [member] | Scenarios for impact on accrual book [member] | Not later than six months [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 37.00% |
Goverment [member] | Colombia [member] | Scenarios for impact on accrual book [member] | Not later than nine months [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 40.00% |
Goverment [member] | Colombia [member] | Scenarios for impact on accrual book [member] | 1 year [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 43.00% |
Goverment [member] | Colombia [member] | Scenarios for impact on accrual book [member] | Up to one month [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 31.00% |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 1 Day [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (101.00%) |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 1 Day [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 101.00% |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Up to three months [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (101.00%) |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Up to three months [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 101.00% |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Not later than six months [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (101.00%) |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Not later than six months [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 101.00% |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Not later than nine months [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (86.00%) |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Not later than nine months [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 86.00% |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 1 year [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (70.00%) |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 1 year [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 70.00% |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 2 year [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (64.00%) |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 2 year [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 64.00% |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 3 year [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (65.00%) |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 3 year [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 65.00% |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 4 year [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (66.00%) |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | 4 year [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 66.00% |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than five years and not later than seven years [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (67.00%) |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than five years and not later than seven years [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 67.00% |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than seven years and not later than ten years [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (65.00%) |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than seven years and not later than ten years [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 65.00% |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than ten years and not later than twenty years [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (63.00%) |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than ten years and not later than twenty years [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 63.00% |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than twenty years [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (63.00%) |
Curve [member] | Chile [member] | Scenarios for impact on profit and loss [member] | Later than twenty years [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 63.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 1 Day [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 101.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 1 Day [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 101.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Up to three months [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 101.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Up to three months [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 101.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Not later than six months [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 101.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Not later than six months [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 101.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Not later than nine months [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 86.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Not later than nine months [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 86.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 1 year [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 70.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 1 year [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 70.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 2 year [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 64.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 2 year [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 64.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 3 year [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 65.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 3 year [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 65.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 4 year [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 66.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | 4 year [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 66.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than five years and not later than seven years [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 67.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than five years and not later than seven years [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 67.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than seven years and not later than ten years [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 65.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than seven years and not later than ten years [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 65.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than ten years and not later than twenty years [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 63.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than ten years and not later than twenty years [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 63.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than twenty years [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 63.00% |
Curve [member] | Chile [member] | Scenarios for impact on available for sale assets [member] | Later than twenty years [member] | Mexico, Pesos [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 63.00% |
Curve [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | 1 Day [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (1.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | Up to three months [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (2.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | Not later than six months [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (6.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | Not later than nine months [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (9.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | 1 year [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (12.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | 2 year [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (19.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | 3 year [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (22.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | 4 year [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (24.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | Later than five years and not later than seven years [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (26.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | Later than seven years and not later than ten years [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (26.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | Later than ten years and not later than twenty years [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (27.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | Later than twenty years [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (29.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | 1 Day [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (1.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | Up to three months [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (2.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | Not later than six months [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (6.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | Not later than nine months [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (9.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | 1 year [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (12.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | 2 year [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (19.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | 3 year [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (22.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | 4 year [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (24.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | Later than five years and not later than seven years [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (26.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | Later than seven years and not later than ten years [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (26.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | Later than ten years and not later than twenty years [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (27.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | Later than twenty years [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | (29.00%) |
Curve [member] | Colombia [member] | Scenarios for impact on accrual book [member] | 1 Day [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 28.00% |
Curve [member] | Colombia [member] | Scenarios for impact on accrual book [member] | Up to three months [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 32.00% |
Curve [member] | Colombia [member] | Scenarios for impact on accrual book [member] | Not later than six months [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 40.00% |
Curve [member] | Colombia [member] | Scenarios for impact on accrual book [member] | Not later than nine months [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 35.00% |
Curve [member] | Colombia [member] | Scenarios for impact on accrual book [member] | 1 year [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 31.00% |
Curve [member] | Colombia [member] | Scenarios for impact on accrual book [member] | Up to one month [member] | USD [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 29.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | 1 Day [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 44.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | Up to three months [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 31.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | Not later than six months [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 37.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | Not later than nine months [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 40.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | 1 year [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 43.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | 2 year [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 48.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | 3 year [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 46.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | 4 year [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 55.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | Later than five years and not later than seven years [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 63.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | Later than seven years and not later than ten years [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 58.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | Later than ten years and not later than twenty years [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 50.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on profit and loss [member] | Later than twenty years [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 23.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | 1 Day [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 44.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | Up to three months [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 31.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | Not later than six months [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 37.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | Not later than nine months [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 40.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | 1 year [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 43.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | 2 year [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 48.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | 3 year [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 46.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | 4 year [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 55.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | Later than five years and not later than seven years [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 63.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | Later than seven years and not later than ten years [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 58.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | Later than ten years and not later than twenty years [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 50.00% |
Swap IBR [member] | Colombia [member] | Scenarios for impact on available for sale assets [member] | Later than twenty years [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Interest rate scenarios percent | 23.00% |
Risk Management - Schedule of E
Risk Management - Schedule of Exchange Rate (Detail) | Dec. 31, 2018 |
Change in scenario impacting on profit and loss [member] | Colombia [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Exchange Rate | (0.0466%) |
Change in scenario impacting fair value of other comprehensive income [member] | Colombia [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Exchange Rate | (0.0466%) |
Change in scenario impacting accrual book [member] | Colombia [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Exchange Rate | (0.0466%) |
Currency risk [member] | Change in scenario impacting on profit and loss [member] | Chile [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Exchange Rate | (0.0718%) |
Currency risk [member] | Change in scenario impacting on profit and loss [member] | Chile [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Exchange Rate | (0.0717%) |
Currency risk [member] | Change in scenario impacting fair value of other comprehensive income [member] | Chile [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Exchange Rate | (0.0718%) |
Currency risk [member] | Change in scenario impacting fair value of other comprehensive income [member] | Chile [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Exchange Rate | (0.0717%) |
Currency risk [member] | Change in scenario impacting accrual book [member] | Chile [member] | CLP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Exchange Rate | (0.0718%) |
Currency risk [member] | Change in scenario impacting accrual book [member] | Chile [member] | COP [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Exchange Rate | (0.0717%) |
Risk Management - Schedule of P
Risk Management - Schedule of Potential Impact on P&L (Detail) - Scenarios for impact on profit and loss [member] - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | $ (43,370) | $ (25,634) | $ (25,574) |
Options risk | 156 | 66 | (87) |
Total impact | (43,064) | (26,323) | (27,582) |
CLP [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | (5,019) | (849) | (2,812) |
CLP [member] | Derivatives [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | (5,018) | (847) | (2,604) |
CLP [member] | Investments [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | (1) | (2) | (208) |
CLF [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | (5,942) | (7,839) | (8,069) |
CLF [member] | Derivatives [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | (5,942) | (7,839) | (8,069) |
COP [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | (29,182) | (14,895) | (11,622) |
COP [member] | Derivatives [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | (29,094) | (9,909) | (10,439) |
COP [member] | Investments [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | (88) | (4,986) | (1,183) |
UVR | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | (375) | (404) | |
UVR | Derivatives [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | (364) | ||
UVR | Investments [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | (11) | (404) | |
USD [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | (2,810) | (2,001) | (2,658) |
FX | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | (42) | (50) | (9) |
Total impact | $ 150 | $ (755) | $ (1,921) |
Risk Management - Schedule of_5
Risk Management - Schedule of Potential Impact on Accrual Book (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of financial risk management [abstract] | |||
Interest rate shock sensitivity impact | $ (12,359) | $ (9,432) | $ (7,906) |
Risk Management - Disclosure -
Risk Management - Disclosure - Risk Management (Detail) $ in Millions | 12 Months Ended | |||||||
Dec. 31, 2018CLP ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017CLP ($) | Dec. 31, 2017USD ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2016CLP ($) | Dec. 31, 2016USD ($) | |
Sensitivity analysis for interest rate risk [line items] | ||||||||
Potential Impact on Equity | $ (684,881) | $ (906,903) | $ (482,497) | |||||
Impact of Change in Interest Rate | $ (32,577) | $ (64,472) | (46,750,000) | (105,000,000) | $ (26,929) | (40,000,000) | ||
Impact due to changes in exchange rate | (5,118) | $ (7,490) | (10,496) | $ (17,080) | ||||
Impact due to changes in prices | (5,118) | (74,968) | (7,490) | (122,080) | ||||
CLP [member] | ||||||||
Sensitivity analysis for interest rate risk [line items] | ||||||||
Potential Impact on Equity | (254,636) | (386,979) | (293,337) | |||||
Impact of Change in Interest Rate | (8,180) | (22,745) | (11,730,000) | (37,010,000) | (9,211) | (14,000,000) | ||
CLF [member] | ||||||||
Sensitivity analysis for interest rate risk [line items] | ||||||||
Potential Impact on Equity | (177,471) | (245,812) | 41,167 | |||||
Impact of Change in Interest Rate | (18,328) | (29,261) | (26,290,000) | (47,620,000) | (10,029) | (15,000,000) | ||
COP [member] | ||||||||
Sensitivity analysis for interest rate risk [line items] | ||||||||
Potential Impact on Equity | (189,242) | (225,321) | (152,241) | |||||
Impact of Change in Interest Rate | (3,988) | (10,766) | (5,740,000) | (17,500,000) | (5,588) | (8,000,000) | ||
Impact due to changes in exchange rate | (2,494) | (3,720) | (5,621) | (9,150) | ||||
UVR | ||||||||
Sensitivity analysis for interest rate risk [line items] | ||||||||
Potential Impact on Equity | (29,763) | |||||||
Impact of Change in Interest Rate | (380) | (550,000) | ||||||
USD [member] | ||||||||
Sensitivity analysis for interest rate risk [line items] | ||||||||
Potential Impact on Equity | (33,769) | (48,791) | (77,927) | |||||
Impact of Change in Interest Rate | (1,701) | (1,700) | $ (2,440,000) | $ (2,770,000) | (2,094) | (3,000,000) | ||
Impact due to changes in exchange rate | $ (2,624) | $ (3,770) | $ (4,875) | $ (7,930) | ||||
FX | ||||||||
Sensitivity analysis for interest rate risk [line items] | ||||||||
Potential Impact on Equity | $ (159) | |||||||
Impact of Change in Interest Rate | $ (7) |
Risk Management - Additional In
Risk Management - Additional Information (Detail) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018CLP ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017CLP ($) | |
Liquidity risk limits [line items] | |||
Minimum ratio of regulatory capital to consolidated risk weighted assets | 8.00% | ||
Minimum ratio of core capital to total consolidated assets | 3.00% | ||
Regulatory capital | $ 3,415,845 | $ 3,249,572 | |
Number of risk categories | 5 | ||
Minimum ratio of regulatory capital to consolidated risk weighted assets | 100.00% | ||
Minimum regulatory capital ratio | 120.00% | ||
Equity | $ 3,324,531 | $ 3,189,876 | |
Top of Range [Member] | |||
Liquidity risk limits [line items] | |||
Regulatory capital | $ 0.10 | ||
0 % risk weight category [member] | |||
Liquidity risk limits [line items] | |||
Percentage of risk categories in weighted assets | 0.00% | ||
10 % risk weight category [member] | |||
Liquidity risk limits [line items] | |||
Percentage of risk categories in weighted assets | 10.00% | ||
20% risk weight category [member] | |||
Liquidity risk limits [line items] | |||
Percentage of risk categories in weighted assets | 20.00% | ||
60 % risk weight category [member] | |||
Liquidity risk limits [line items] | |||
Percentage of risk categories in weighted assets | 60.00% | ||
100 % risk weight category [member] | |||
Liquidity risk limits [line items] | |||
Percentage of risk categories in weighted assets | 100.00% |
Risk Management - Schedule of R
Risk Management - Schedule of Risk Exposures of Contingent Loans Explanatory (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Consolidated assets | $ 31,781,511 | $ 30,508,703 |
Risk-Weighted Assets | 23,361,809 | 22,151,791 |
Cash and deposits in banks [member] | ||
Disclosure of financial assets [line items] | ||
Consolidated assets | 987,680 | 964,030 |
Cash items in process of collection [member] | ||
Disclosure of financial assets [line items] | ||
Consolidated assets | 318,658 | 157,017 |
Risk-Weighted Assets | 56,963 | 30,679 |
Trading investments [member] | ||
Disclosure of financial assets [line items] | ||
Consolidated assets | 86,938 | 415,061 |
Risk-Weighted Assets | 27,658 | 64,799 |
Investments under resale agreements [member] | ||
Disclosure of financial assets [line items] | ||
Consolidated assets | 109,467 | 28,524 |
Risk-Weighted Assets | 106,916 | 7,277 |
Derivative financial instruments [member] | ||
Disclosure of financial assets [line items] | ||
Consolidated assets | 1,315,165 | 1,461,326 |
Risk-Weighted Assets | 1,040,274 | 1,094,481 |
Interbank loans [member] | ||
Disclosure of financial assets [line items] | ||
Consolidated assets | 341,244 | 70,077 |
Risk-Weighted Assets | 95,612 | 36,073 |
Loans and receivables from customers, net [member] | ||
Disclosure of financial assets [line items] | ||
Consolidated assets | 20,880,186 | 19,767,434 |
Risk-Weighted Assets | 18,808,886 | 17,850,495 |
Financial Investments Available-for-Sale [member] | ||
Disclosure of financial assets [line items] | ||
Consolidated assets | 2,650,776 | 2,653,066 |
Risk-Weighted Assets | 551,593 | 501,656 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | ||
Disclosure of financial assets [line items] | ||
Consolidated assets | 198,910 | 202,030 |
Risk-Weighted Assets | 198,910 | 202,030 |
Investments in other companies [member] | ||
Disclosure of financial assets [line items] | ||
Consolidated assets | 10,555 | 10,412 |
Risk-Weighted Assets | 10,555 | 10,412 |
Intangible assets 1 [member] | ||
Disclosure of financial assets [line items] | ||
Consolidated assets | 1,613,807 | 1,605,234 |
Risk-Weighted Assets | 435,572 | 435,991 |
Fixed assets [member] | ||
Disclosure of financial assets [line items] | ||
Consolidated assets | 95,564 | 130,579 |
Risk-Weighted Assets | 95,564 | 130,579 |
Current income taxes [member] | ||
Disclosure of financial assets [line items] | ||
Consolidated assets | 123,129 | 238,452 |
Risk-Weighted Assets | 12,313 | 23,845 |
Deferred income taxes [member] | ||
Disclosure of financial assets [line items] | ||
Consolidated assets | 154,599 | 161,109 |
Risk-Weighted Assets | 15,460 | 16,111 |
Other assets [member] | ||
Disclosure of financial assets [line items] | ||
Consolidated assets | 561,435 | 444,692 |
Risk-Weighted Assets | 505,495 | 427,567 |
Contingent loans [member] | ||
Disclosure of financial assets [line items] | ||
Consolidated assets | 2,333,398 | 2,199,660 |
Risk-Weighted Assets | $ 1,400,038 | $ 1,319,796 |
Risk Management - Schedule of_6
Risk Management - Schedule of Risk Weighted Assets Explanatory (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Risk management [abstract] | ||
Basic capital | $ 3,324,531 | $ 3,189,876 |
Effective equity | $ 3,415,845 | $ 3,249,572 |
Basic capital | 10.46% | 10.46% |
Effective equity | 14.62% | 14.67% |
Risk Management - Schedule of_7
Risk Management - Schedule of Risk Weighted Assets Explanatory (Parenthetical) (Detail) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of financial assets [line items] | ||
Percentage of basic capital | 10.46% | 10.46% |
Bottom of Range [Member] | ||
Disclosure of financial assets [line items] | ||
Percentage of basic capital | 20.00% | |
Top of Range [Member] | ||
Disclosure of financial assets [line items] | ||
Percentage of basic capital | 50.00% | |
Percentage of voluntary loan loss allowances | 1.25% |
Maturity of Assets and Liabil_3
Maturity of Assets and Liabilities - Schedule of Maturity of Financial Assets and Liabilities (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Investments under Agreements to Resell [Member] | ||
Disclosure of financial assets [line items] | ||
Total | $ 1,015,614 | |
Time deposits and saving accounts [member] | ||
Disclosure of financial assets [line items] | ||
Total | 10,121,111 | $ 10,036,833 |
Derivative financial instruments liabilitie [member] | ||
Disclosure of financial assets [line items] | ||
Total | 1,112,806 | 1,095,154 |
Borrowings from financial institutions [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 2,327,723 | 2,196,130 |
Debt Issued [member] | ||
Disclosure of financial assets [line items] | ||
Total | 6,010,124 | 5,950,038 |
Obligations under repurchase agreements [member] | ||
Disclosure of financial assets [line items] | ||
Total | 420,920 | |
Loans and receivables from banks, net [member] | ||
Disclosure of financial assets [line items] | ||
Total | 341,707 | 70,285 |
Allowance for loan losses | 463 | 208 |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | ||
Disclosure of financial assets [line items] | ||
Total | 96,943 | 202,030 |
Financial assets at fair value through other comprehensive income [member] | ||
Disclosure of financial assets [line items] | ||
Total | 2,657,154 | |
Loans and receivables from customers, net [member] | ||
Disclosure of financial assets [line items] | ||
Total | 21,482,490 | 20,382,605 |
Commercial loans [member] | ||
Disclosure of financial assets [line items] | ||
Total | 14,366,900 | 13,716,546 |
Allowance for loan losses | 484,707 | 488,535 |
Mortgage [member] | ||
Disclosure of financial assets [line items] | ||
Total | 4,445,827 | 4,152,753 |
Allowance for loan losses | 66,117 | |
Consumer loans [member] | ||
Disclosure of financial assets [line items] | ||
Total | 2,669,763 | 2,513,306 |
Allowance for loan losses | 217,296 | |
Financial assets at amortised cost [member] | ||
Disclosure of financial assets [line items] | ||
Total | 198,923 | |
Investments under Agreements to Resell [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 109,467 | 28,524 |
Derivative financial instruments [member] | ||
Disclosure of financial assets [line items] | ||
Total | 1,368,957 | 1,248,775 |
Trading Portfolio Financial Assets [member] | ||
Disclosure of financial assets [line items] | ||
Total | 415,061 | |
Financial Investments Available-for-Sale [member] | ||
Disclosure of financial assets [line items] | ||
Total | 2,663,478 | |
Up to one month [member] | Investments under Agreements to Resell [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 1,015,614 | |
Up to one month [member] | Time deposits and saving accounts [member] | ||
Disclosure of financial assets [line items] | ||
Total | 3,624,335 | 2,957,278 |
Up to one month [member] | Derivative financial instruments liabilitie [member] | ||
Disclosure of financial assets [line items] | ||
Total | 128,367 | 144,639 |
Up to one month [member] | Borrowings from financial institutions [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 231,419 | 163,031 |
Up to one month [member] | Debt Issued [member] | ||
Disclosure of financial assets [line items] | ||
Total | 2,449 | 3,064 |
Up to one month [member] | Obligations under repurchase agreements [member] | ||
Disclosure of financial assets [line items] | ||
Total | 420,320 | |
Up to one month [member] | Loans and receivables from banks, net [member] | ||
Disclosure of financial assets [line items] | ||
Total | 65,398 | 43,096 |
Up to one month [member] | Financial assets at fair value through profit or loss, classified as held for trading, category [member] | ||
Disclosure of financial assets [line items] | ||
Total | 46,266 | 55,554 |
Up to one month [member] | Financial assets at fair value through other comprehensive income [member] | ||
Disclosure of financial assets [line items] | ||
Total | 151,521 | |
Up to one month [member] | Loans and receivables from customers, net [member] | ||
Disclosure of financial assets [line items] | ||
Total | 1,595,651 | 1,531,883 |
Up to one month [member] | Commercial loans [member] | ||
Disclosure of financial assets [line items] | ||
Total | 1,391,707 | 1,226,214 |
Up to one month [member] | Mortgage [member] | ||
Disclosure of financial assets [line items] | ||
Total | 2,544 | 35,428 |
Up to one month [member] | Consumer loans [member] | ||
Disclosure of financial assets [line items] | ||
Total | 201,400 | 270,241 |
Up to one month [member] | Financial assets at amortised cost [member] | ||
Disclosure of financial assets [line items] | ||
Total | 27,012 | |
Up to one month [member] | Investments under Agreements to Resell [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 109,467 | 27,923 |
Up to one month [member] | Derivative financial instruments [member] | ||
Disclosure of financial assets [line items] | ||
Total | 120,361 | 112,249 |
Up to one month [member] | Trading Portfolio Financial Assets [member] | ||
Disclosure of financial assets [line items] | ||
Total | 18,941 | |
Up to one month [member] | Financial Investments Available-for-Sale [member] | ||
Disclosure of financial assets [line items] | ||
Total | 86,201 | |
1 - 3 months [member] | Time deposits and saving accounts [member] | ||
Disclosure of financial assets [line items] | ||
Total | 2,311,111 | 1,858,394 |
1 - 3 months [member] | Derivative financial instruments liabilitie [member] | ||
Disclosure of financial assets [line items] | ||
Total | 95,019 | 90,445 |
1 - 3 months [member] | Borrowings from financial institutions [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 446,436 | 238,151 |
1 - 3 months [member] | Debt Issued [member] | ||
Disclosure of financial assets [line items] | ||
Total | 23,261 | 46,514 |
1 - 3 months [member] | Obligations under repurchase agreements [member] | ||
Disclosure of financial assets [line items] | ||
Total | 600 | |
1 - 3 months [member] | Loans and receivables from banks, net [member] | ||
Disclosure of financial assets [line items] | ||
Total | 16,685 | |
1 - 3 months [member] | Financial assets at fair value through profit or loss, classified as held for trading, category [member] | ||
Disclosure of financial assets [line items] | ||
Total | 470 | 6,171 |
1 - 3 months [member] | Financial assets at fair value through other comprehensive income [member] | ||
Disclosure of financial assets [line items] | ||
Total | 103,048 | |
1 - 3 months [member] | Loans and receivables from customers, net [member] | ||
Disclosure of financial assets [line items] | ||
Total | 2,343,263 | 1,649,448 |
1 - 3 months [member] | Commercial loans [member] | ||
Disclosure of financial assets [line items] | ||
Total | 1,876,174 | 1,494,950 |
1 - 3 months [member] | Mortgage [member] | ||
Disclosure of financial assets [line items] | ||
Total | 1,021 | 66,596 |
1 - 3 months [member] | Consumer loans [member] | ||
Disclosure of financial assets [line items] | ||
Total | 466,068 | 87,902 |
1 - 3 months [member] | Financial assets at amortised cost [member] | ||
Disclosure of financial assets [line items] | ||
Total | 18,238 | |
1 - 3 months [member] | Investments under Agreements to Resell [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 601 | |
1 - 3 months [member] | Derivative financial instruments [member] | ||
Disclosure of financial assets [line items] | ||
Total | 102,992 | 102,009 |
1 - 3 months [member] | Trading Portfolio Financial Assets [member] | ||
Disclosure of financial assets [line items] | ||
Total | 298 | |
1 - 3 months [member] | Financial Investments Available-for-Sale [member] | ||
Disclosure of financial assets [line items] | ||
Total | 155,376 | |
3 months to 1 year [member] | Time deposits and saving accounts [member] | ||
Disclosure of financial assets [line items] | ||
Total | 2,910,851 | 3,936,827 |
3 months to 1 year [member] | Derivative financial instruments liabilitie [member] | ||
Disclosure of financial assets [line items] | ||
Total | 161,214 | 172,606 |
3 months to 1 year [member] | Borrowings from financial institutions [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 1,151,959 | 1,074,406 |
3 months to 1 year [member] | Debt Issued [member] | ||
Disclosure of financial assets [line items] | ||
Total | 668,648 | 625,287 |
3 months to 1 year [member] | Loans and receivables from banks, net [member] | ||
Disclosure of financial assets [line items] | ||
Total | 17,437 | 16,621 |
3 months to 1 year [member] | Financial assets at fair value through profit or loss, classified as held for trading, category [member] | ||
Disclosure of financial assets [line items] | ||
Total | 19,002 | 113,445 |
3 months to 1 year [member] | Financial assets at fair value through other comprehensive income [member] | ||
Disclosure of financial assets [line items] | ||
Total | 582,899 | |
3 months to 1 year [member] | Loans and receivables from customers, net [member] | ||
Disclosure of financial assets [line items] | ||
Total | 2,115,285 | 2,689,484 |
3 months to 1 year [member] | Commercial loans [member] | ||
Disclosure of financial assets [line items] | ||
Total | 2,023,542 | 2,513,004 |
3 months to 1 year [member] | Mortgage [member] | ||
Disclosure of financial assets [line items] | ||
Total | 3,876 | 98,292 |
3 months to 1 year [member] | Consumer loans [member] | ||
Disclosure of financial assets [line items] | ||
Total | 87,867 | 78,188 |
3 months to 1 year [member] | Financial assets at amortised cost [member] | ||
Disclosure of financial assets [line items] | ||
Total | 153,673 | |
3 months to 1 year [member] | Derivative financial instruments [member] | ||
Disclosure of financial assets [line items] | ||
Total | 178,826 | 199,966 |
3 months to 1 year [member] | Trading Portfolio Financial Assets [member] | ||
Disclosure of financial assets [line items] | ||
Total | 170,098 | |
3 months to 1 year [member] | Financial Investments Available-for-Sale [member] | ||
Disclosure of financial assets [line items] | ||
Total | 408,093 | |
1 - 3 years [member] | Time deposits and saving accounts [member] | ||
Disclosure of financial assets [line items] | ||
Total | 762,998 | 793,684 |
1 - 3 years [member] | Derivative financial instruments liabilitie [member] | ||
Disclosure of financial assets [line items] | ||
Total | 200,052 | 250,792 |
1 - 3 years [member] | Borrowings from financial institutions [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 337,465 | 529,171 |
1 - 3 years [member] | Debt Issued [member] | ||
Disclosure of financial assets [line items] | ||
Total | 868,994 | 1,209,242 |
1 - 3 years [member] | Loans and receivables from banks, net [member] | ||
Disclosure of financial assets [line items] | ||
Total | 242,187 | 10,568 |
1 - 3 years [member] | Financial assets at fair value through profit or loss, classified as held for trading, category [member] | ||
Disclosure of financial assets [line items] | ||
Total | 22,027 | 23,466 |
1 - 3 years [member] | Financial assets at fair value through other comprehensive income [member] | ||
Disclosure of financial assets [line items] | ||
Total | 1,314,188 | |
1 - 3 years [member] | Loans and receivables from customers, net [member] | ||
Disclosure of financial assets [line items] | ||
Total | 2,322,459 | 4,174,173 |
1 - 3 years [member] | Commercial loans [member] | ||
Disclosure of financial assets [line items] | ||
Total | 1,734,720 | 2,410,168 |
1 - 3 years [member] | Mortgage [member] | ||
Disclosure of financial assets [line items] | ||
Total | 18,192 | 649,867 |
1 - 3 years [member] | Consumer loans [member] | ||
Disclosure of financial assets [line items] | ||
Total | 569,547 | 1,114,138 |
1 - 3 years [member] | Derivative financial instruments [member] | ||
Disclosure of financial assets [line items] | ||
Total | 263,595 | 260,818 |
1 - 3 years [member] | Trading Portfolio Financial Assets [member] | ||
Disclosure of financial assets [line items] | ||
Total | 189,735 | |
1 - 3 years [member] | Financial Investments Available-for-Sale [member] | ||
Disclosure of financial assets [line items] | ||
Total | 790,503 | |
3-6 years [member] | Time deposits and saving accounts [member] | ||
Disclosure of financial assets [line items] | ||
Total | 102,155 | 118,388 |
3-6 years [member] | Derivative financial instruments liabilitie [member] | ||
Disclosure of financial assets [line items] | ||
Total | 248,765 | 241,810 |
3-6 years [member] | Borrowings from financial institutions [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 100,455 | 104,443 |
3-6 years [member] | Debt Issued [member] | ||
Disclosure of financial assets [line items] | ||
Total | 1,125,037 | 812,979 |
3-6 years [member] | Financial assets at fair value through profit or loss, classified as held for trading, category [member] | ||
Disclosure of financial assets [line items] | ||
Total | 4,573 | 430 |
3-6 years [member] | Financial assets at fair value through other comprehensive income [member] | ||
Disclosure of financial assets [line items] | ||
Total | 330,485 | |
3-6 years [member] | Loans and receivables from customers, net [member] | ||
Disclosure of financial assets [line items] | ||
Total | 3,464,140 | 2,952,407 |
3-6 years [member] | Commercial loans [member] | ||
Disclosure of financial assets [line items] | ||
Total | 2,238,373 | 1,917,111 |
3-6 years [member] | Mortgage [member] | ||
Disclosure of financial assets [line items] | ||
Total | 103,965 | 446,737 |
3-6 years [member] | Consumer loans [member] | ||
Disclosure of financial assets [line items] | ||
Total | 1,121,802 | 588,559 |
3-6 years [member] | Derivative financial instruments [member] | ||
Disclosure of financial assets [line items] | ||
Total | 279,427 | 284,247 |
3-6 years [member] | Trading Portfolio Financial Assets [member] | ||
Disclosure of financial assets [line items] | ||
Total | 9,365 | |
3-6 years [member] | Financial Investments Available-for-Sale [member] | ||
Disclosure of financial assets [line items] | ||
Total | 805,892 | |
Over 6 year [member] | Time deposits and saving accounts [member] | ||
Disclosure of financial assets [line items] | ||
Total | 409,661 | 372,262 |
Over 6 year [member] | Derivative financial instruments liabilitie [member] | ||
Disclosure of financial assets [line items] | ||
Total | 279,389 | 194,862 |
Over 6 year [member] | Borrowings from financial institutions [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 59,989 | 86,928 |
Over 6 year [member] | Debt Issued [member] | ||
Disclosure of financial assets [line items] | ||
Total | 3,321,735 | 3,252,952 |
Over 6 year [member] | Financial assets at fair value through profit or loss, classified as held for trading, category [member] | ||
Disclosure of financial assets [line items] | ||
Total | 4,605 | 2,964 |
Over 6 year [member] | Financial assets at fair value through other comprehensive income [member] | ||
Disclosure of financial assets [line items] | ||
Total | 175,013 | |
Over 6 year [member] | Loans and receivables from customers, net [member] | ||
Disclosure of financial assets [line items] | ||
Total | 9,641,692 | 7,385,210 |
Over 6 year [member] | Commercial loans [member] | ||
Disclosure of financial assets [line items] | ||
Total | 5,102,384 | 4,155,099 |
Over 6 year [member] | Mortgage [member] | ||
Disclosure of financial assets [line items] | ||
Total | 4,316,229 | 2,855,833 |
Over 6 year [member] | Consumer loans [member] | ||
Disclosure of financial assets [line items] | ||
Total | 223,079 | 374,278 |
Over 6 year [member] | Derivative financial instruments [member] | ||
Disclosure of financial assets [line items] | ||
Total | $ 423,756 | 289,486 |
Over 6 year [member] | Trading Portfolio Financial Assets [member] | ||
Disclosure of financial assets [line items] | ||
Total | 26,624 | |
Over 6 year [member] | Financial Investments Available-for-Sale [member] | ||
Disclosure of financial assets [line items] | ||
Total | $ 417,413 |
Maturity of Assets and Liabil_4
Maturity of Assets and Liabilities - Schedule of Maturity of Financial Assets and Liabilities (Parenthetical) (Detail) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Loans and receivables from banks, net [member] | ||
Disclosure of financial assets [line items] | ||
Allowance for loan losses | $ 463 | $ 208 |
Commercial loans [member] | ||
Disclosure of financial assets [line items] | ||
Allowance for loan losses | 484,707 | 488,535 |
Mortgage [member] | ||
Disclosure of financial assets [line items] | ||
Allowance for loan losses | 66,117 | |
Consumer loans [member] | ||
Disclosure of financial assets [line items] | ||
Allowance for loan losses | $ 217,296 | |
Loans and receivables from customers, net [member] | Commercial loans [member] | ||
Disclosure of financial assets [line items] | ||
Allowance for loan losses | 446,914 | |
Loans and receivables from customers, net [member] | Mortgage [member] | ||
Disclosure of financial assets [line items] | ||
Allowance for loan losses | 35,019 | |
Loans and receivables from customers, net [member] | Consumer loans [member] | ||
Disclosure of financial assets [line items] | ||
Allowance for loan losses | $ 136,594 |
Foreign Currency Position - Sch
Foreign Currency Position - Schedule of Assets and Liabilities Denominated in Foreign Currencies (Detail) $ in Millions, $ in Millions | Dec. 31, 2018CLP ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017CLP ($) | Dec. 31, 2016CLP ($) |
Disclosure of financial assets [line items] | ||||
Financial instruments at fair value through profit or loss | $ 96,943 | |||
Financial instruments at fair value through other comprehensive income | 2,657,154 | |||
Financial instruments at amortized cost | 198,923 | |||
Cash and deposits in banks | 987,680 | $ 964,030 | ||
Cash items in process of collection | 318,658 | 157,017 | ||
Trading investments | 415,061 | |||
Investments under resale agreements | 109,467 | 28,524 | ||
Financial derivative contracts | 1,368,957 | 1,248,775 | ||
Interbank loans, net | 341,244 | 70,077 | ||
Loans and accounts receivable at amortized cost | 19,764,078 | |||
Available for sale instruments | 2,663,478 | |||
Held to maturity investments | 202,030 | |||
Intangible assets | 1,570,964 | 1,562,654 | ||
Property, plant, and equipment | 95,564 | 130,579 | $ 121,043 | |
Current taxes | 123,129 | 238,452 | ||
Deferred taxes | 178,686 | 140,685 | ||
Other assets | 501,797 | 429,025 | ||
Other non-current assets held for sale | 59,802 | 18,308 | ||
TOTAL ASSETS | 29,323,338 | 28,032,773 | ||
Deposits and other demand liabilities | 4,300,475 | 4,141,667 | ||
Cash in process of being cleared | 247,165 | 109,496 | ||
Obligations under repurchase agreements | 1,015,614 | 420,920 | ||
Time deposits and other time liabilities | 10,121,111 | 10,065,243 | ||
Financial derivative contracts | 1,112,806 | 1,095,154 | ||
Interbank borrowings | 2,196,130 | |||
Debt instruments issued | 6,010,124 | 5,950,038 | ||
Other financial liabilities | 12,400 | 17,066 | ||
Current taxes | 1,191 | 624 | ||
Deferred taxes | 471 | 26,354 | ||
Provisions | 214,903 | 117,889 | $ 100,048 | |
Other liabilities | 521,795 | 463,435 | ||
Liabilities directly associated with non-current assets held for sale | 0 | 0 | ||
TOTAL LIABILITIES | 25,885,778 | 24,604,016 | ||
Assets (liabilities) net | 3,437,560 | 3,428,757 | ||
Interbank borrowings | 2,327,723 | 2,196,130 | ||
CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial instruments at fair value through profit or loss | 54,162 | |||
Financial instruments at fair value through other comprehensive income | 835,543 | |||
Cash and deposits in banks | 221,037 | |||
Cash items in process of collection | 124,414 | |||
Trading investments | 25,652 | |||
Investments under resale agreements | 2,074 | |||
Financial derivative contracts | 967,831 | |||
Interbank loans, net | 239,963 | 33,928 | ||
Loans and accounts receivable at amortized cost | 5,652,307 | |||
Available for sale instruments | 914,656 | |||
Intangible assets | 1,370,857 | |||
Property, plant, and equipment | 81,438 | |||
Current taxes | 202,093 | |||
Deferred taxes | 115,800 | |||
Other assets | 239,308 | |||
Other non-current assets held for sale | 59,802 | 18,308 | ||
TOTAL ASSETS | 29,323,338 | 9,969,703 | ||
Deposits and other demand liabilities | 1,952,975 | |||
Cash in process of being cleared | 133,926 | 56,399 | ||
Obligations under repurchase agreements | 44,264 | |||
Time deposits and other time liabilities | 6,034,571 | |||
Financial derivative contracts | 773,186 | 869,263 | ||
Interbank borrowings | (1,257) | |||
Debt instruments issued | 1,179,526 | |||
Other financial liabilities | 12,390 | 16,255 | ||
Current taxes | 624 | |||
Deferred taxes | 52 | |||
Provisions | 26,109 | |||
Other liabilities | 145,599 | |||
Liabilities directly associated with non-current assets held for sale | 0 | 0 | ||
TOTAL LIABILITIES | 10,324,380 | |||
Assets (liabilities) net | (565,888) | (354,677) | ||
Hungary, Forint | ||||
Disclosure of financial assets [line items] | ||||
Financial instruments at fair value through other comprehensive income | 680,505 | |||
Financial derivative contracts | 70,174 | |||
Loans and accounts receivable at amortized cost | 7,693,789 | |||
Available for sale instruments | 999,540 | |||
Other assets | 12,843 | |||
TOTAL ASSETS | 8,776,346 | |||
Deposits and other demand liabilities | 7,803 | |||
Time deposits and other time liabilities | 814,336 | |||
Financial derivative contracts | 83,339 | 84,530 | ||
Interbank borrowings | 21,958 | |||
Debt instruments issued | 3,381,318 | |||
Other financial liabilities | 10 | |||
Other liabilities | 166,866 | |||
Liabilities directly associated with non-current assets held for sale | 0 | 0 | ||
TOTAL LIABILITIES | 4,476,811 | |||
Assets (liabilities) net | 3,228,885 | 4,299,535 | ||
Interbank borrowings | 5,863 | |||
USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial instruments at fair value through other comprehensive income | 78,908 | |||
Financial instruments at amortized cost | 122,391 | |||
Cash and deposits in banks | 377,014 | |||
Cash items in process of collection | 22,202 | |||
Investments under resale agreements | 218 | |||
Financial derivative contracts | 119,997 | |||
Interbank loans, net | 70,823 | 35,287 | ||
Loans and accounts receivable at amortized cost | 2,204,036 | |||
Available for sale instruments | 14,053 | |||
Held to maturity investments | 95,652 | |||
Intangible assets | 1,422 | |||
Property, plant, and equipment | 1,043 | |||
Deferred taxes | 24,885 | |||
Other assets | 95,807 | |||
TOTAL ASSETS | $ 42,208 | 2,991,616 | ||
Deposits and other demand liabilities | 432,253 | |||
Cash in process of being cleared | 112,284 | 53,097 | ||
Time deposits and other time liabilities | 1,013,235 | |||
Financial derivative contracts | 178,869 | 82,231 | ||
Interbank borrowings | 1,516,717 | |||
Debt instruments issued | 923,718 | |||
Provisions | 25,772 | |||
Other liabilities | 86,648 | |||
Liabilities directly associated with non-current assets held for sale | 0 | 0 | ||
TOTAL LIABILITIES | 4,133,671 | |||
Assets (liabilities) net | (1,231,585) | (1,142,055) | ||
Interbank borrowings | 2,279,817 | |||
COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial instruments at fair value through profit or loss | 42,781 | |||
Financial instruments at fair value through other comprehensive income | 1,062,198 | |||
Financial instruments at amortized cost | 76,532 | |||
Cash and deposits in banks | 354,751 | |||
Cash items in process of collection | 1,067 | |||
Trading investments | 389,409 | |||
Investments under resale agreements | 26,232 | |||
Financial derivative contracts | 90,773 | |||
Interbank loans, net | 30,458 | 862 | ||
Loans and accounts receivable at amortized cost | 4,207,288 | |||
Available for sale instruments | 725,569 | |||
Held to maturity investments | 106,378 | |||
Intangible assets | 190,375 | |||
Property, plant, and equipment | 48,098 | |||
Current taxes | 36,359 | |||
Other assets | 80,308 | |||
TOTAL ASSETS | 6,257,469 | |||
Deposits and other demand liabilities | 1,742,508 | |||
Obligations under repurchase agreements | 376,656 | |||
Time deposits and other time liabilities | 2,196,671 | |||
Financial derivative contracts | 76,207 | 59,130 | ||
Interbank borrowings | 650,987 | |||
Debt instruments issued | 465,476 | |||
Other financial liabilities | 811 | |||
Deferred taxes | 26,302 | |||
Provisions | 66,008 | |||
Other liabilities | 63,675 | |||
Liabilities directly associated with non-current assets held for sale | 0 | 0 | ||
TOTAL LIABILITIES | 5,648,224 | |||
Assets (liabilities) net | 1,993,491 | 609,245 | ||
Interbank borrowings | 39,859 | |||
Euro [Member] | ||||
Disclosure of financial assets [line items] | ||||
Cash and deposits in banks | 10,340 | |||
Cash items in process of collection | 9,286 | |||
Other assets | 677 | |||
TOTAL ASSETS | 20,303 | |||
Deposits and other demand liabilities | 6,076 | |||
Cash in process of being cleared | 796 | |||
Time deposits and other time liabilities | 6,429 | |||
Financial derivative contracts | 1,205 | |||
Interbank borrowings | 2,269 | |||
Liabilities directly associated with non-current assets held for sale | 0 | 0 | ||
TOTAL LIABILITIES | 14,774 | |||
Assets (liabilities) net | 31,287 | 5,529 | ||
Interbank borrowings | 2,170 | |||
Other Currency [member] | ||||
Disclosure of financial assets [line items] | ||||
Cash and deposits in banks | 888 | |||
Cash items in process of collection | 48 | |||
Other assets | 82 | |||
TOTAL ASSETS | 1,018 | |||
Deposits and other demand liabilities | 52 | |||
Cash in process of being cleared | 159 | |||
Interbank borrowings | 5,456 | |||
Liabilities directly associated with non-current assets held for sale | 0 | 0 | ||
TOTAL LIABILITIES | 5,508 | |||
Assets (liabilities) net | 25 | (4,490) | ||
Interbank borrowings | 14 | |||
Cash and deposits in banks [member] | ||||
Disclosure of financial assets [line items] | ||||
Cash and deposits in banks | 987,680 | |||
Cash and deposits in banks [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Cash and deposits in banks | 223,099 | |||
Cash and deposits in banks [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Cash and deposits in banks | 449,437 | |||
Cash and deposits in banks [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Cash and deposits in banks | 299,458 | |||
Cash and deposits in banks [member] | Euro [Member] | ||||
Disclosure of financial assets [line items] | ||||
Cash and deposits in banks | 15,686 | |||
Cash In The Process Of Collection [member] | ||||
Disclosure of financial assets [line items] | ||||
Cash items in process of collection | 318,658 | |||
Cash In The Process Of Collection [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Cash items in process of collection | 195,640 | |||
Cash In The Process Of Collection [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Cash items in process of collection | 119,725 | |||
Cash In The Process Of Collection [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Cash items in process of collection | 226 | |||
Cash In The Process Of Collection [member] | Euro [Member] | ||||
Disclosure of financial assets [line items] | ||||
Cash items in process of collection | 2,861 | |||
Cash In The Process Of Collection [member] | Other Currency [member] | ||||
Disclosure of financial assets [line items] | ||||
Cash items in process of collection | 206 | |||
Loans and receivables from banks, net [member] | ||||
Disclosure of financial assets [line items] | ||||
Loans and accounts receivable at amortized cost | 20,714,370 | |||
Loans and receivables from banks, net [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Loans and accounts receivable at amortized cost | 5,571,537 | |||
Loans and receivables from banks, net [member] | Hungary, Forint | ||||
Disclosure of financial assets [line items] | ||||
Loans and accounts receivable at amortized cost | 7,785,104 | |||
Loans and receivables from banks, net [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Loans and accounts receivable at amortized cost | 3,208,848 | |||
Loans and receivables from banks, net [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Loans and accounts receivable at amortized cost | 4,120,535 | |||
Loans and receivables from banks, net [member] | Euro [Member] | ||||
Disclosure of financial assets [line items] | ||||
Loans and accounts receivable at amortized cost | 19,391 | |||
Loans and receivables from banks, net [member] | Other Currency [member] | ||||
Disclosure of financial assets [line items] | ||||
Loans and accounts receivable at amortized cost | 13 | |||
Investments under Agreements to Resell [Member] | ||||
Disclosure of financial assets [line items] | ||||
Investments under resale agreements | 109,467 | |||
Investments under Agreements to Resell [Member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Investments under resale agreements | 91,510 | |||
Investments under Agreements to Resell [Member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Investments under resale agreements | 17,957 | |||
Derivative financial instruments [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial derivative contracts | 1,368,957 | |||
Derivative financial instruments [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial derivative contracts | 972,693 | |||
Derivative financial instruments [member] | Hungary, Forint | ||||
Disclosure of financial assets [line items] | ||||
Financial derivative contracts | 66,989 | |||
Derivative financial instruments [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial derivative contracts | 226,561 | |||
Derivative financial instruments [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial derivative contracts | 102,709 | |||
Derivative financial instruments [member] | Euro [Member] | ||||
Disclosure of financial assets [line items] | ||||
Financial derivative contracts | 5 | |||
Intangible assets 1 [member] | ||||
Disclosure of financial assets [line items] | ||||
Intangible assets | 1,570,964 | |||
Intangible assets 1 [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Intangible assets | 1,389,518 | |||
Intangible assets 1 [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Intangible assets | 1,308 | |||
Intangible assets 1 [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Intangible assets | 180,138 | |||
Property, plant and equipment, net [member] | ||||
Disclosure of financial assets [line items] | ||||
Property, plant, and equipment | 95,564 | |||
Property, plant and equipment, net [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Property, plant, and equipment | 77,639 | |||
Property, plant and equipment, net [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Property, plant, and equipment | 846 | |||
Property, plant and equipment, net [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Property, plant, and equipment | 17,079 | |||
Current income taxes [member] | ||||
Disclosure of financial assets [line items] | ||||
Current taxes | 123,129 | |||
Current income taxes [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Current taxes | 68,094 | |||
Current income taxes [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Current taxes | 2,887 | |||
Current income taxes [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Current taxes | 52,148 | |||
Deferred income taxes [member] | ||||
Disclosure of financial assets [line items] | ||||
Deferred taxes | 178,686 | |||
Deferred income taxes [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Deferred taxes | 130,883 | |||
Deferred income taxes [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Deferred taxes | 20,311 | |||
Deferred income taxes [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Deferred taxes | 27,492 | |||
Other asset [member] | ||||
Disclosure of financial assets [line items] | ||||
Other assets | 501,797 | |||
Other asset [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Other assets | 200,164 | |||
Other asset [member] | Hungary, Forint | ||||
Disclosure of financial assets [line items] | ||||
Other assets | 7,787 | |||
Other asset [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Other assets | 164,724 | |||
Other asset [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Other assets | 121,619 | |||
Other asset [member] | Euro [Member] | ||||
Disclosure of financial assets [line items] | ||||
Other assets | 7,467 | |||
Other asset [member] | Other Currency [member] | ||||
Disclosure of financial assets [line items] | ||||
Other assets | 36 | |||
Financial assets1 [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL ASSETS | 29,323,338 | |||
Financial assets1 [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL ASSETS | 10,110,247 | |||
Financial assets1 [member] | Hungary, Forint | ||||
Disclosure of financial assets [line items] | ||||
TOTAL ASSETS | 8,540,385 | |||
Financial assets1 [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL ASSETS | 4,466,769 | |||
Financial assets1 [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL ASSETS | 6,151,330 | |||
Financial assets1 [member] | Euro [Member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL ASSETS | 45,410 | |||
Financial assets1 [member] | Other Currency [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL ASSETS | 255 | |||
Readjustment [member] | ||||
Disclosure of financial assets [line items] | ||||
Loans and accounts receivable at amortized cost | 6,658 | |||
Available for sale instruments | 9,660 | |||
TOTAL ASSETS | 16,318 | |||
Time deposits and other time liabilities | 1 | |||
Other liabilities | 647 | |||
Liabilities directly associated with non-current assets held for sale | 0 | 0 | ||
TOTAL LIABILITIES | 648 | |||
Assets (liabilities) net | (18,655) | $ 15,670 | ||
Readjustment [member] | Loans and receivables from banks, net [member] | ||||
Disclosure of financial assets [line items] | ||||
Loans and accounts receivable at amortized cost | 8,942 | |||
Readjustment [member] | Financial assets1 [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL ASSETS | 8,942 | |||
Current accounts and demand deposits [member] | ||||
Disclosure of financial assets [line items] | ||||
Deposits and other demand liabilities | 4,300,475 | |||
Current accounts and demand deposits [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Deposits and other demand liabilities | 2,058,537 | |||
Current accounts and demand deposits [member] | Hungary, Forint | ||||
Disclosure of financial assets [line items] | ||||
Deposits and other demand liabilities | 4,214 | |||
Current accounts and demand deposits [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Deposits and other demand liabilities | 444,668 | |||
Current accounts and demand deposits [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Deposits and other demand liabilities | 1,785,581 | |||
Current accounts and demand deposits [member] | Euro [Member] | ||||
Disclosure of financial assets [line items] | ||||
Deposits and other demand liabilities | 7,418 | |||
Current accounts and demand deposits [member] | Other Currency [member] | ||||
Disclosure of financial assets [line items] | ||||
Deposits and other demand liabilities | 57 | |||
Obligations under repurchase agreements [member] | ||||
Disclosure of financial assets [line items] | ||||
Obligations under repurchase agreements | 1,015,614 | |||
Obligations under repurchase agreements [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Obligations under repurchase agreements | 363,789 | |||
Obligations under repurchase agreements [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Obligations under repurchase agreements | 6,834 | |||
Obligations under repurchase agreements [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Obligations under repurchase agreements | 644,991 | |||
Time deposits and saving accounts [member] | ||||
Disclosure of financial assets [line items] | ||||
Time deposits and other time liabilities | 10,121,111 | |||
Time deposits and saving accounts [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Time deposits and other time liabilities | 6,513,874 | |||
Time deposits and saving accounts [member] | Hungary, Forint | ||||
Disclosure of financial assets [line items] | ||||
Time deposits and other time liabilities | 609,136 | |||
Time deposits and saving accounts [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Time deposits and other time liabilities | 1,955,631 | |||
Time deposits and saving accounts [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Time deposits and other time liabilities | 1,042,445 | |||
Time deposits and saving accounts [member] | Euro [Member] | ||||
Disclosure of financial assets [line items] | ||||
Time deposits and other time liabilities | 25 | |||
Debt Issued [member] | ||||
Disclosure of financial assets [line items] | ||||
Debt instruments issued | 6,010,124 | |||
Debt Issued [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Debt instruments issued | 439,805 | |||
Debt Issued [member] | Hungary, Forint | ||||
Disclosure of financial assets [line items] | ||||
Debt instruments issued | 4,475,832 | |||
Debt Issued [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Debt instruments issued | 649,897 | |||
Debt Issued [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Debt instruments issued | 444,590 | |||
Current Income Tax Provision [member] | ||||
Disclosure of financial assets [line items] | ||||
Current taxes | 1,191 | |||
Current Income Tax Provision [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Current taxes | 528 | |||
Current Income Tax Provision [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Current taxes | 663 | |||
Deferred income taxes [member] | ||||
Disclosure of financial assets [line items] | ||||
Deferred taxes | 471 | |||
Deferred income taxes [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Deferred taxes | 454 | |||
Deferred income taxes [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Deferred taxes | 17 | |||
Provisions [member] | ||||
Disclosure of financial assets [line items] | ||||
Provisions | 214,903 | |||
Provisions [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Provisions | 140,925 | |||
Provisions [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Provisions | 73,978 | |||
Other liabilitie [member] | ||||
Disclosure of financial assets [line items] | ||||
Other liabilities | 521,795 | |||
Other liabilitie [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Other liabilities | 239,175 | |||
Other liabilitie [member] | Hungary, Forint | ||||
Disclosure of financial assets [line items] | ||||
Other liabilities | 133,106 | |||
Other liabilitie [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Other liabilities | 69,900 | |||
Other liabilitie [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Other liabilities | 49,508 | |||
Other liabilitie [member] | Euro [Member] | ||||
Disclosure of financial assets [line items] | ||||
Other liabilities | 2,509 | |||
Other liabilitie [member] | Readjustment [member] | ||||
Disclosure of financial assets [line items] | ||||
Other liabilities | 27,597 | |||
Financial liabilities1 [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL LIABILITIES | 25,885,778 | |||
Financial liabilities1 [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL LIABILITIES | 10,676,135 | |||
Financial liabilities1 [member] | Hungary, Forint | ||||
Disclosure of financial assets [line items] | ||||
TOTAL LIABILITIES | 5,311,500 | |||
Financial liabilities1 [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL LIABILITIES | 5,698,354 | |||
Financial liabilities1 [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL LIABILITIES | 4,157,839 | |||
Financial liabilities1 [member] | Euro [Member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL LIABILITIES | 14,123 | |||
Financial liabilities1 [member] | Other Currency [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL LIABILITIES | 230 | |||
Financial liabilities1 [member] | Readjustment [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL LIABILITIES | $ 27,597 |
Subsequent Events - Additional
Subsequent Events - Additional Information (Detail) $ / shares in Units, $ in Millions, $ in Millions | Mar. 11, 2019 | Feb. 28, 2019USD ($) | Jan. 07, 2019CLP ($) | Mar. 27, 2018CLP ($)$ / shares | Dec. 31, 2018CLP ($) | Dec. 31, 2017CLP ($) |
Disclosure of non-adjusting events after reporting period [line items] | ||||||
Penalty fee | $ 1,616 | |||||
Proportion for distribution of dividend | 30.00% | |||||
Dividends payable | $ 51,614 | $ 270 | $ 703 | |||
Dividends payable per share | $ / shares | $ 0.100728627 | |||||
Resolution No 101 [member] | ||||||
Disclosure of non-adjusting events after reporting period [line items] | ||||||
Penalty fee | $ 5,985 | |||||
Shares sell of Itau Corpbanca Colombia [member] | ||||||
Disclosure of non-adjusting events after reporting period [line items] | ||||||
Interest rate | 9.00% | |||||
Transaction Agreement amount | $ 850 | |||||
Valuation multiple | 1.36 | |||||
Impact of Common Equity Tier 1 capital | 0.82% | |||||
Shares sell of Itau Corpbanca Colombia [member] | Itau Corpbanca Colombia S.A. [member] | ||||||
Disclosure of non-adjusting events after reporting period [line items] | ||||||
Equity interest | 1.38% | 19.44% | ||||
Demands of rejected to sell shares | $ 299 | |||||
Interest at LIBOR plus | 2.70% | |||||
Shares sell of Itau Corpbanca Colombia [member] | Helm Llc[member] | ||||||
Disclosure of non-adjusting events after reporting period [line items] | ||||||
Equity interest | 19.44% |