| Schedule of Reconciliation of Cash and Cash Equivalents to Statement of Cash Flows |
Details of cash and cash equivalents
and its reconciliation to the Statement of Cash Flows at each year-end are as follows:
| | |
2024 | | |
2023 | |
| | |
MCh$ | | |
MCh$ | |
| Cash and due from banks: | |
| | |
| |
| Cash (*) | |
| 879,130 | | |
| 929,034 | |
| Deposit in Chilean Central Bank (*) | |
| 1,036,476 | | |
| 590,426 | |
| Deposits in domestic banks | |
| 12,767 | | |
| 17,052 | |
| Deposits in abroad banks | |
| 770,703 | | |
| 928,136 | |
| Subtotal - Cash and due from banks | |
| 2,699,076 | | |
| 2,464,648 | |
| | |
| | | |
| | |
| Net transactions in the course of settlement (**) | |
| 88,851 | | |
| 58,634 | |
| Cash equivalents (***) | |
| 476,610 | | |
| 467,750 | |
| Total cash and cash equivalents | |
| 3,264,537 | | |
| 2,991,032 | |
| (*) | The level of funds in cash and in the Central Bank of Chile
responds to regulations on reserve requirements that the bank must maintain on average in monthly periods. |
| (**) | Pending clearing
operations with the Central Bank of Chile and foreign banks. Settlement for these transactions is normally finalized within 12 or 24 business
hours since transactions took place. |
| (***) | Refers to financial instruments that meet the criteria to
be considered as “cash equivalents” as defined by IAS 7, i.e., to qualify as “cash equivalents” investments in
debt financial instruments must be: short-term with an original maturity of 90 days or less from the date of acquisition, highly liquid,
readily convertible to known amounts of cash from the date of initial investment, and that the financial instruments are exposed to an
insignificant risk of changes in their value. |
|
| Schedule of Net Ongoing Clearance Operations |
The detail of the balances included
under net ongoing clearance operations is as follows:
| | |
2024 | | |
2023 | |
| | |
MCh$ | | |
MCh$ | |
| Assets | |
| | |
| |
| Documents drawn on other banks (clearing) | |
| 109,635 | | |
| 84,635 | |
| Funds receivable | |
| 262,821 | | |
| 330,870 | |
| Subtotal transactions in the course of collection | |
| 372,456 | | |
| 415,505 | |
| | |
| | | |
| | |
| Liabilities | |
| | | |
| | |
| Funds payable | |
| (283,605 | ) | |
| (356,871 | ) |
| Subtotal transactions in the course of payments | |
| (283,605 | ) | |
| (356,871 | ) |
| Net transactions in the course of settlement | |
| 88,851 | | |
| 58,634 | |
|