Investments in Other Companies

12 Months Ended

Dec. 31, 2024

Investments in Other Companies [Abstract]

12.

Investments in Other Companies:

(a)

This item includes investments in other companies for an amount of Ch$67,277 million and Ch$65,082 million as of December 31, 2024 and 2023, respectively, detailed as follows:

		% Ownership Interest				Assets
		2024		2023		2024		2023
Company	Shareholder	%		%		MCh$		MCh$
Associates
Transbank S.A.	Banco de Chile		26.16		26.16		38,660		36,084
Centro de Compensación Automatizado S.A.	Banco de Chile		33.33		33.33		6,784		4,862
Redbanc S.A.	Banco de Chile		38.13		38.13		5,447		4,783
Sociedad Interbancaria de Depósito de Valores S.A.	Banco de Chile		26.81		26.81		2,704		2,394
Administrador Financiero de Transantiago S.A. (*)	Banco de Chile		20.00		20.00		2,210		4,285
Sociedad Imerc OTC S.A.	Banco de Chile		12.33		12.33		1,902		1,803
Sociedad Operadora de la Cámara de Compensación de Pagos de Alto Valor S.A.	Banco de Chile		15.00		15.00		1,312		1,199
Subtotal Associates							59,019		55,410

Joint Venture
Servipag Ltda.	Banco de Chile		50.00		50.00		8,258		7,832
Artikos Chile S.A. (**)	Banco de Chile		—		50.00		—		1,840
Subtotal							8,258		9,672

Total							67,277		65,082

(*)

On July 18, 2024, the company reported the agreement to reduce its share capital for an amount equivalent to Ch$9,810 million.

(**)

During the year 2024, a purchase and sale contract was signed for 100% of the participation held in the company. See Note No. 5 Relevant Events, letter (q).

(b)

The reconciliation between opening and ending balance of investments in other companies that are not consolidated in 2023, 2022 and 2021 is detailed as follows:

	2024			2023			2022
	MCh$			MCh$			MCh$
Balance as of January 1,		65,082			56,177			46,923
Capital increase		—			—			—
Participation in net income		8,730			13,409			13,031
Dividends received		(3,019	)		(4,675	)		(3,622	)
Sale of participation in Artikos S.A.(*)		(1,572	)		—			—
Other		(1,944	)		171			(155	)
Balance as of December 31,		67,277			65,082			56,177

(*)

See note No. 5 Relevan Events, letter (n) and (q).

(c)

During the year ended as of December 31, 2024 and 2023 no impairment has incurred in these investments.

(d)

The total carrying amount of the Bank’s Associates and Joint Ventures as of December 31, 2024 and 2023 is explained as follows:

	Associates																					Joint Ventures
	Centro de Compensación Automatizado S.A.			Sociedad Operadora de la Cámara de Compensación de Pagos de Alto Valor S.A.			Sociedad Interbancaria de Depósito de Valores S.A.			Redbanc S.A.			Transbank S.A.			Administrador Financiero del Transantiago S.A.			Sociedad Imerc OTC S.A.			Servipag Ltda.
December 2024	MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$

Current assets		13,958			1,737			60			15,347			1,814,213			58,605			11,562			101,289
Non-current assets		9,462			8,223			10,036			14,062			161,533			887			11,538			21,034
Total Assets		23,420			9,960			10,096			29,409			1,975,746			59,492			23,100			122,323

Current liabilities		3,585			1,120			551			13,366			1,811,753			46,985			7,285			98,808
Non-current liabilities		43			384			—			1,932			17,176			2,371			748			6,999
Total Liabilities		3,628			1,504			551			15,298			1,828,929			49,356			8,033			105,807
Equity		19,792			8,456			9,545			14,111			146,817			10,136			15,058			16,516
Minority interest		—			—			—			—			—			—			9			—
Total Liabilities and Equity		23,420			9,960			10,096			29,409			1,975,746			59,492			23,100			122,323

Operating income		21,282			6,651			9			60,139			888,114			5,023			8,979			44,161
Operating expenses		(14,545	)		(5,843	)		(54	)		(58,167	)		(722,391	)		(2,541	)		(8,557	)		(40,929	)
Other income (expenses)		741			390			1,848			234			(154,142	)		1,424			1,002			1,185
Gain before tax		7,478			1,198			1,803			2,206			11,581			3,906			1,424			4,417
Income tax		(1,853	)		(231	)		—			(467	)		(1,736	)		(855	)		(202	)		(1,066	)
Gain for the year		5,625			967			1,803			1,739			9,845			3,051			1,222			3,351

	Associates																					Joint Ventures
	Centro de Compensación Automatizado S.A.			Sociedad Operadora de la Cámara de Compensación de Pagos de Alto Valor S.A.			Sociedad Interbancaria de Depósito de Valores S.A.			Redbanc S.A.			Transbank S.A.			Administrador Financiero del Transantiago S.A.			Sociedad Imerc OTC S.A.			Artikos Chile S.A.			Servipag Ltda.
December 2023	MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$

Current assets		6,380			841			104			11,054			1,362,961			66,716			21,042			3,768			84,569
Non-current assets		10,983			8,377			8,834			16,275			164,518			867			12,760			1,724			18,137
Total Assets		17,363			9,218			8,938			27,329			1,527,479			67,583			33,802			5,492			102,706

Current liabilities		3,034			899			525			11,625			1,355,563			47,242			18,768			1,898			82,503
Non-current liabilities		247			496			—			3,236			36,641			—			766			406			4,539
Total Liabilities		3,281			1,395			525			14,861			1,392,204			47,242			19,534			2,304			87,042
Equity		14,082			7,823			8,413			12,468			135,275			20,341			14,259			3,188			15,664
Minority interest		—			—			—			—			—			—			9			—			—
Total Liabilities and Equity		17,363			9,218			8,938			27,329			1,527,479			67,583			33,802			5,492			102,706

Operating income		8,973			5,116			14			58,576			969,393			4,818			9,355			5,571			43,709
Operating expenses		(2,812	)		(4,823	)		(50	)		(57,847	)		(821,426	)		(2,540	)		(8,667	)		(3,558	)		(39,366	)
Other income (expenses)		589			345			1,754			127			(113,486	)		2,287			743			137			1,503
Gain before tax		6,750			638			1,718			856			34,481			4,565			1,431			2,150			5,846
Income tax		(1,692	)		(66	)		—			(100	)		(7,667	)		(949	)		(430	)		(511	)		(1,444	)
Gain for the year		5,058			572			1,718			756			26,814			3,616			1,001			1,639			4,402