Property and Equipment

12 Months Ended

Dec. 31, 2024

14.

Property and Equipment:

(a)

The properties and equipment as of December 31, 2024 and 2023 are composed as follows:

	Average useful Life				Average remaining depreciation				Gross balance				Accumulated Depreciation						Net balance
	2024		2023		2024		2023		2024		2023		2024			2023			2024		2023
	Years		Years		Years		Years		MCh$		MCh$		MCh$			MCh$			MCh$		MCh$
Type of property and equipment:
Land and Buildings		26		26		18		18		327,862		322,766		(173,132	)		(165,286	)		154,730		157,480
Equipment		5		5		3		3		261,142		256,933		(236,146	)		(221,083	)		24,996		35,850
Others		7		7		4		4		63,198		61,118		(53,851	)		(52,791	)		9,347		8,327
Total										652,202		640,817		(463,129	)		(439,160	)		189,073		201,657

(b)

The changes in properties and equipment as of December 31, 2024 and 2023, are as follows:

	December 2024
	Land and Buildings			Equipment			Others			Total
	MCh$			MCh$			MCh$			MCh$
Gross Balance
Balance as of January 1, 2024		322,766			256,933			61,118			640,817
Additions		7,369			5,286			3,699			16,354
Write-downs and sales of the year		(2,273	)		(1,075	)		(1,619	)		(4,967	)
Impairment () (*)		—			(2	)		—			(2	)
Total		327,862			261,142			63,198			652,202

Accumulated Depreciation
Balance as of January 1, 2024		(165,286	)		(221,083	)		(52,791	)		(439,160	)
Depreciation of the year (*)		(9,725	)		(15,881	)		(2,566	)		(28,172	)
Write-downs and sales of the year		1,879			818			1,506			4,203
Total		(173,132	)		(236,146	)		(53,851	)		(463,129	)

Balance as of December 31, 2024		154,730			24,996			9,347			189,073

	December 2023
	Land and Buildings			Equipment			Others			Total
	MCh$			MCh$			MCh$			MCh$
Gross Balance
Balance as of January 1, 2023		316,968			246,706			58,890			622,564
Additions		10,277			11,136			3,338			24,751
Write-downs and sales of the year		(4,479	)		(906	)		(1,110	)		(6,495	)
Impairment () (*)		—			(3	)		—			(3	)
Total		322,766			256,933			61,118			640,817

Accumulated Depreciation
Balance as of January 1, 2023		(157,810	)		(203,136	)		(51,494	)		(412,440	)
Depreciation of the year (*)		(9,295	)		(18,733	)		(2,365	)		(30,393	)
Write-downs and sales of the year		1,819			786			1,068			3,673
Total		(165,286	)		(221,083	)		(52,791	)		(439,160	)

Balance as of December 31, 2023		157,480			35,850			8,327			201,657

(*)	See Note No. 37 about Depreciation and Amortization.

(**)	See Note No. 38 Impairment of non-financial assets.

(***)

Does not include provision for write-off of Property for Ch$1,119 million (Ch$1,751 million as of December 31, 2023).

(c)

As of December 31, 2024, the Bank records Ch$5,510 million (Ch$3,395 million as of December 31, 2023) in assets under construction.

(d)

As of December 31, 2024 and 2023, there are no restrictions on the properties and equipment of the Bank and its subsidiaries. Furthermore, there are no properties and equipment held as collateral for the fulfillment of obligations.