Interest and UF Indexation Revenue and Expenses

12 Months Ended

Dec. 31, 2024

Interest and UF Indexation Revenue and Expenses Disclosure [Abstract]

Interest and UF indexation revenue and expenses

29.

Interest and UF indexation revenue and expenses:

(a)

At the end of the period, the summary is as follows:

	2024									2023									2022
	Interest			UF indexation			Total			Interest			UF indexation			Total			Interest			UF indexation			Total
	MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$

Interest revenue		2,940,397			830,662			3,771,059			3,211,883			832,782			4,044,665			2,344,384			2,122,497			4,466,881
Interest expenses		(1,138,312	)		(469,992	)		(1,608,304	)		(1,634,708	)		(489,165	)		(2,123,873	)		(1,040,914	)		(1,159,838	)		(2,200,752	)
Total net interest income		1,802,085			360,670			2,162,755			1,577,175			343,617			1,920,792			1,303,470			962,659			2,266,129

(b)

The composition of interest is as follows:

	2024									2023									2022
	Interest			UF indexation			Total			Interest			UF indexation			Total			Interest			UF indexation			Total
	MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$

Financial assets at amortized cost
Rights by resale agreements and securities lending		4,601			—			4,601			5,984			—			5,984			4,142			—			4,142
Debt financial instruments		50,831			26,333			77,164			21,605			27,392			48,997			13,992			68,107			82,099
Loans and advances to Banks		73,707			—			73,707			169,594			—			169,594			154,727			—			154,727
Commercial loans		1,358,243			318,508			1,676,751			1,490,550			320,755			1,811,305			1,054,785			852,296			1,907,081
Residential mortgage loans		416,119			547,346			963,465			371,043			546,216			917,259			323,452			1,340,082			1,663,534
Consumer Loans		829,034			1,317			830,351			793,499			1,850			795,349			615,572			6,986			622,558
Other financial instruments		71,561			3,453			75,014			62,137			2,843			64,980			442			5,238			5,680
Financial assets at fair value through other comprehensive income
Debt financial instruments		169,950			24,896			194,846			327,081			28,397			355,478			187,073			70,845			257,918
Other financial instruments		397			—			397			1,023			—			1,023			16,930			—			16,930
Income of accounting hedges of interest rate risk		(34,046	)		(91,191	)		(125,237	)		(30,633	)		(94,671	)		(125,304	)		(26,731	)		(221,057	)		(247,788	)
Total		2,940,397			830,662			3,771,059			3,211,883			832,782			4,044,665			2,344,384			2,122,497			4,466,881

(c)

The composition of interest expenses is as follows:

	2024								2023								2022
	Interest			UF indexation		Total			Interest			UF indexation		Total			Interest			UF indexation		Total
	MCh$			MCh$		MCh$			MCh$			MCh$		MCh$			MCh$			MCh$		MCh$

Financial liabilities at amortized cost
Current accounts and other demand deposits		1,186			19,956		21,142			1,343			16,677		18,020			4,515			40,557		45,072
Saving accounts and time deposits		810,799			81,947		892,746			1,308,575			96,446		1,405,021			776,658			195,244		971,902
Obligations by repurchase agreements and securities lending		9,177			—		9,177			15,183			—		15,183			15,845			—		15,845
Borrowings from financial institutions		71,727			—		71,727			64,603			—		64,603			37,414			—		37,414
Debt financial instruments issued		260,203			322,938		583,141			249,438			329,837		579,275			210,393			803,863		1,014,256
Other financial obligations		—			—		—			—			—		—			—			—		—
Lease liabilities		2,381			—		2,381			1,980			—		1,980			1,865			—		1,865
Financial instruments of regulatory capital issued		34,551			45,151		79,702			34,903			46,205		81,108			31,271			120,174		151,445
Income of accounting hedges of interest rate risk		(51,712	)		—		(51,712	)		(41,317	)		—		(41,317	)		(37,047	)		—		(37,047	)
Total		1,138,312			469,992		1,608,304			1,634,708			489,165		2,123,873			1,040,914			1,159,838		2,200,752

(d)

As of December 31, 2024, 2023 and 2022, the Bank uses cross currency and interest rate swaps to hedge its position on changes on the fair value of corporate bonds and commercial loans and cross currency swaps to hedge the risk of variability of obligations flows with foreign banks and bonds issued in foreign currency.

	2024																	2023																	2022
	Interest						UF indexation					Total						Interest						UF indexation					Total						Interest						UF indexation					Total
	Income			Expense			Income			Expense		Income			Expense			Income			Expense			Income			Expense		Income			Expense			Income			Expense			Income			Expense		Income			Expense
	MCh$			MCh$			MCh$			MCh$		MCh$			MCh$			MCh$			MCh$			MCh$			MCh$		MCh$			MCh$			MCh$			MCh$			MCh$			MCh$		MCh$			MCh$

Gain from fair value accounting hedges		—			—			—			—		—			—			—			—			—			—		—			—			608			—			—			—		608			—
Loss from fair value accounting hedges		—			—			—			—		—			—			—			—			—			—		—			—			(740	)		—			—			—		(740	)		—
Gain from cash flow accounting hedges		186,951			266,878			3,087			—		190,038			266,878			274,897			338,551			2,308			—		277,205			338,551			72,354			112,322			—			—		72,354			112,322
Loss from cash flow accounting hedges		(220,997	)		(215,166	)		(94,278	)		—		(315,275	)		(215,166	)		(305,530	)		(297,234	)		(96,979	)		—		(402,509	)		(297,234	)		(98,345	)		(75,275	)		(221,057	)		—		(319,402	)		(75,275	)
Net gain on hedge items		—			—			—			—		—			—			—			—			—			—		—			—			(608	)		—			—			—		(608	)		—
Total		(34,046	)		51,712			(91,191	)		—		(125,237	)		51,712			(30,633	)		41,317			(94,671	)		—		(125,304	)		41,317			(26,731	)		37,047			(221,057	)		—		(247,788	)		37,047