| Schedule of Composition of Expected Credit Loss |
The composition is as follows:
| | |
2024 | | |
2023 | | |
2022 | |
| | |
MCh$ | | |
MCh$ | | |
MCh$ | |
| | |
| | |
| | |
| |
| Expense of allowances established for credit risk | |
| 421,210 | | |
| 321,829 | | |
| 418,416 | |
| Expense of provisions for contingent loans | |
| (4,200 | ) | |
| (53,875 | ) | |
| 51,445 | |
| Recovery of written-off credits | |
| (65,313 | ) | |
| (63,256 | ) | |
| (65,740 | ) |
| Impairments for credit risk from financial assets at fair
value through other comprehensive income | |
| 1,009 | | |
| (2,754 | ) | |
| 8,009 | |
| Total | |
| 352,706 | | |
| 201,944 | | |
| 412,130 | |
|
| Schedule of Expense of Provisions Constituted for Credit Risk and Expected Credit Losses |
Summary of the expense of provisions constituted for credit risk and expected credit losses:
| | |
Expense of provisions constituted in the year | |
| |
Evaluation | | |
| |
| As of December 31, 2024 | |
Individual | | |
Group | | |
Total | |
| | |
MCh$ | | |
MCh$ | | |
MCh$ | |
| Loans and advances to Banks | |
| | |
| | |
| |
| Allowances established | |
| 559 | | |
| — | | |
| 559 | |
| Allowances released | |
| — | | |
| — | | |
| — | |
| Subtotal | |
| 559 | | |
| — | | |
| 559 | |
| Commercial loans | |
| | | |
| | | |
| | |
| Allowances established | |
| 25,039 | | |
| 66,749 | | |
| 91,788 | |
| Allowances released | |
| — | | |
| — | | |
| — | |
| Subtotal | |
| 25,039 | | |
| 66,749 | | |
| 91,788 | |
| Residential mortgage loans | |
| | | |
| | | |
| | |
| Allowances established | |
| — | | |
| 4,976 | | |
| 4,976 | |
| Allowances released | |
| — | | |
| — | | |
| — | |
| Subtotal | |
| — | | |
| 4,976 | | |
| 4,976 | |
| Consumer loans | |
| | | |
| | | |
| | |
| Allowances established | |
| — | | |
| 323,887 | | |
| 323,887 | |
| Allowances released | |
| — | | |
| — | | |
| — | |
| Subtotal | |
| — | | |
| 323,887 | | |
| 323,887 | |
| Expense of allowances
established for credit risk | |
| 25,598 | | |
| 395,612 | | |
| 421,210 | |
| | |
| | | |
| | | |
| | |
| Contingent loans | |
| | | |
| | | |
| | |
| Loans and advances to Banks | |
| | | |
| | | |
| — | |
| Commercial loans | |
| | | |
| | | |
| (5,258 | ) |
| Consumer loans | |
| | | |
| | | |
| 1,058 | |
| Expenses of
provisions for contingent loans | |
| | | |
| | | |
| (4,200 | ) |
| | |
| | | |
| | | |
| | |
| Impairments
for credit risk from financial assets at fair value through other comprehensive income | |
| | | |
| | | |
| 1,009 | |
| | |
| | | |
| | | |
| | |
| Recovery of written-off credits | |
| | | |
| | | |
| | |
| Loans and advances to Banks | |
| | | |
| | | |
| — | |
| Commercial loans | |
| | | |
| | | |
| (19,752 | ) |
| Residential mortgage loans | |
| | | |
| | | |
| (6,941 | ) |
| Consumer loans | |
| | | |
| | | |
| (38,620 | ) |
| Subtotal | |
| | | |
| | | |
| (65,313 | ) |
| Total Expected
Credit Losses | |
| | | |
| | | |
| 352,706 | |
| | |
Expense of provisions
constituted in the year | |
| |
Evaluation | | |
| |
| As of December 31, 2023 | |
Individual | | |
Group | | |
Total | |
| | |
MCh$ | | |
MCh$ | | |
MCh$ | |
| Loans and advances to Banks | |
| | |
| | |
| |
| Allowances established | |
| — | | |
| — | | |
| — | |
| Allowances released | |
| (270 | ) | |
| — | | |
| (270 | ) |
| Subtotal | |
| (270 | ) | |
| — | | |
| (270 | ) |
| Commercial loans | |
| | | |
| | | |
| | |
| Allowances established | |
| — | | |
| 65,734 | | |
| 65,734 | |
| Allowances released | |
| (28,145 | ) | |
| — | | |
| (28,145 | ) |
| Subtotal | |
| (28,145 | ) | |
| 65,734 | | |
| 37,589 | |
| Residential mortgage loans | |
| | | |
| | | |
| | |
| Allowances established | |
| — | | |
| (8,422 | ) | |
| (8,422 | ) |
| Allowances released | |
| — | | |
| — | | |
| — | |
| Subtotal | |
| — | | |
| (8,422 | ) | |
| (8,422 | ) |
| Consumer loans | |
| | | |
| | | |
| | |
| Allowances established | |
| — | | |
| 292,932 | | |
| 292,932 | |
| Allowances released | |
| — | | |
| — | | |
| — | |
| Subtotal | |
| — | | |
| 292,932 | | |
| 292,932 | |
| Expense of allowances
established for credit risk | |
| (28,415 | ) | |
| 350,244 | | |
| 321,829 | |
| | |
| | | |
| | | |
| | |
| Contingent loans | |
| | | |
| | | |
| | |
| Loans and advances to Banks | |
| | | |
| | | |
| — | |
| Commercial loans | |
| | | |
| | | |
| (15,670 | ) |
| Consumer loans | |
| | | |
| | | |
| (38,205 | ) |
| Expenses of
provisions for contingent loans | |
| | | |
| | | |
| (53,875 | ) |
| | |
| | | |
| | | |
| | |
| Impairments
for credit risk from financial assets at fair value through other comprehensive income | |
| | | |
| | | |
| (2,754 | ) |
| | |
| | | |
| | | |
| | |
| Recovery of written-off credits | |
| | | |
| | | |
| | |
| Loans and advances to Banks | |
| | | |
| | | |
| — | |
| Commercial loans | |
| | | |
| | | |
| (19,660 | ) |
| Residential mortgage loans | |
| | | |
| | | |
| (11,716 | ) |
| Consumer loans | |
| | | |
| | | |
| (31,880 | ) |
| Subtotal | |
| | | |
| | | |
| (63,256 | ) |
| Total Expected
Credit Losses | |
| | | |
| | | |
| 201,944 | |
| | |
Expense of provisions
constituted
in the year | |
| |
Evaluation | | |
| |
| As of December 31, 2022 | |
Individual | | |
Group | | |
Total | |
| | |
MCh$ | | |
MCh$ | | |
MCh$ | |
| Loans and advances to Banks | |
| | |
| | |
| |
| Allowances established | |
| 1,792 | | |
| — | | |
| 1,792 | |
| Allowances released | |
| — | | |
| — | | |
| — | |
| Subtotal | |
| 1,792 | | |
| — | | |
| 1,792 | |
| Commercial loans | |
| | | |
| | | |
| | |
| Allowances established | |
| 23,542 | | |
| 67,256 | | |
| 90,798 | |
| Allowances released | |
| — | | |
| — | | |
| — | |
| Subtotal | |
| 23,542 | | |
| 67,256 | | |
| 90,798 | |
| Residential mortgage loans | |
| | | |
| | | |
| | |
| Allowances established | |
| — | | |
| 22,706 | | |
| 22,706 | |
| Allowances released | |
| — | | |
| — | | |
| — | |
| Subtotal | |
| — | | |
| 22,706 | | |
| 22,706 | |
| Consumer loans | |
| | | |
| | | |
| | |
| Allowances established | |
| — | | |
| 303,120 | | |
| 303,120 | |
| Allowances released | |
| — | | |
| — | | |
| — | |
| Subtotal | |
| — | | |
| 303,120 | | |
| 303,120 | |
| Expense of allowances
established for credit risk | |
| 25,334 | | |
| 393,082 | | |
| 418,416 | |
| | |
| | | |
| | | |
| | |
| Contingent loans | |
| | | |
| | | |
| | |
| Loans and advances to Banks | |
| | | |
| | | |
| — | |
| Commercial loans | |
| | | |
| | | |
| 30,645 | |
| Consumer loans | |
| | | |
| | | |
| 20,800 | |
| Expenses of
provisions for contingent loans | |
| | | |
| | | |
| 51,445 | |
| | |
| | | |
| | | |
| | |
| Impairments
for credit risk from financial assets at fair value through other comprehensive income | |
| | | |
| | | |
| 8,009 | |
| | |
| | | |
| | | |
| | |
| Recovery of written-off credits | |
| | | |
| | | |
| | |
| Loans and advances to Banks | |
| | | |
| | | |
| — | |
| Commercial loans | |
| | | |
| | | |
| (26,554 | ) |
| Residential mortgage loans | |
| | | |
| | | |
| (10,481 | ) |
| Consumer loans | |
| | | |
| | | |
| (28,705 | ) |
| Subtotal | |
| | | |
| | | |
| (65,740 | ) |
| Total Expected
Credit Losses | |
| | | |
| | | |
| 412,130 | |
|