Intangible Assets

12 Months Ended

Dec. 31, 2023

Intangible Assets [Abstract]

INTANGIBLE ASSETS

NOTE 10 - INTANGIBLE ASSETS

As of December 31, 2023 and 2022, the composition of intangible assets is as follows:

					As of December 31, 2023
	Average remaining useful life		Net opening balance as of January 1,  2021		Gross balance		Accumulated amortisation			Net balance
			MCh$		MCh$		MCh$			MCh$
Software development		2		107,789		378,800		(281,249	)		97,551
Total				107,789		378,800		(281,249	)		97,551

					As of December 31, 2022
	Average remaining useful life		Net opening balance as of January 1, 2021		Gross balance		Accumulated amortisation			Net balance
			MCh$		MCh$		MCh$			MCh$
Software development		2		95,411		351,309		(243,520	)		107,789
Total				95,411		351,309		(243,520	)		107,789

The changes in the value of intangible assets during the periods ended December 31, 2023 and December 31, 2022 is as follows:

i. Gross balance

Gross balances	Software development
	MCh$
Balances as of January 1, 2023		351,309
Acquisitions		45,067
Disposals and impairment		(5,415	)
Other		(12,161	)
Balances as of December 31, 2023		378,800
Balances as of January 1, 2022		294,745
Acquisitions		54,899
Disposals and impairment		(145	)
Other		1,810
Balances as of December 31, 2022		351,309

ii. Accumulated amortisation

Accumulated amortisation	Software development
	MCh$
Balances as of January 1, 2023		(243,520	)
Year’s amortisation		(53,393	)
Disposals and impairment		5,415
Impairment		(1,912	)
Other changes		12,161
Balances as of December 31, 2023		(281,249	)
Balances as of January 1, 2022		(199,334	)
Year’s amortization		(42,376	)
Other changes		(1,810	)
Balances as of December 31, 2022		(243,520	)

The Bank has no restriction on intangible assets as of December 31, 2023 and 2022. Additionally, intangible assets have not been pledged as guarantee for fulfillment of financial liabilities, and the Bank has no debt related to Intangible assets as of those dates.