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Non-Controlling Interest

12 Months Ended

Dec. 31, 2023

NOTE 22 - NON-CONTROLLING INTEREST

The non-controlling interest included in the equity and the income from the Bank’s subsidiaries is summarised as follows:

									Other comprehensive income
As of December 31, 2023	Non- controlling		Equity			Income			Debt instruments at FVOCI		Deferred tax			Total other comprehensive income		Comprehensive income
	%		MCh$			MCh$			MCh$		MCh$			MCh$		MCh$
Subsidiaries:
Santander Corredora de Seguros Limitada		0.25		45			21			-		-			-		21
Santander Corredores de Bolsa Limitada		49.00		27,557			2,050			1,109		(299	)		810		2,860
Santander Asesorías Financieras Limitada		0.97		35			31			-		-			-		31
Santander S.A. Sociedad Securitizadora		0.36		2			(1	)		-		-			-		(1	)
Klare Corredora de Seguros S.A.		49.90		(858	)		(1,213	)		-		-			-		(1,213	)
Santander Consumer Chile S.A.		49.00		57,420			8,148			-		-			-		8,148
Subtotal				84,201			9,036			1,109		(299	)		810		9,846

Santander Gestión de Recaudación y Cobranzas Limitada		100.00		8,518			1,530			-		-			-		1,530
Bansa Santander S.A.		100.00		28,336			4,087			-		-			-		4,087
Multiplica Spa		100.00		2,529			(682	)									(682	)
PagoNXT Trade Chile SpA		100.00		1,151			439			-		-			-		439
Subtotal				40,534			5,374			-		-			-		5,374

Total				124,735			14,410			1,109		(299	)		810		15,220

								Other comprehensive income
As of December 31, 2022	Non- controlling		Equity		Income			Debt instruments at FVOCI			Deferred tax		Total other comprehensive income			Comprehensive income
	%		MCh$		MCh$			MCh$			MCh$		MCh$			MCh$
Subsidiaries:
Santander Corredora de Seguros Limitada		0.25		201		21			-			-		-			21
Santander Corredores de Bolsa Limitada		49.41		24,725		1,762			(32	)		9		(23	)		1,739
Santander Asesorías Financieras Limitada		0.97		561		47			-			-		-			47
Santander S.A. Sociedad Securitizadora		0.36		3		(1	)		-			-		-			(1	)
Klare Corredora de Seguros S.A.		49.90		356		(1,277	)		-			-		-			(1,277	)
Santander Consumer Chile S.A.		49.00		49,269		10,193			-			-		-			10,193
Subtotal				75,115		10,745			(32	)		9		(23	)		10,722

Santander Gestión de Recaudación y Cobranzas Limitada		100.00		6,988		2,168			-			-		-			2,168
Bansa Santander S.A.		100.00		24,250		3,239			-			-		-			3,239
Multiplica Spa		100.00		3,211		(946	)		-			-		-			(946	)
Subtotal				34,449		4,461			-			-		-			4,461

Total				109,564		15,206			(32	)		9		(23	)		15,183

								Other comprehensive income
As of December 31, 2021	Non- controlling		Equity		Income			Debt instruments at FVOCI			Deferred tax		Total other comprehensive income			Comprehensive income
	%		MCh$		MCh$			MCh$			MCh$		MCh$			MCh$
Subsidiaries:
Santander Corredora de Seguros Limitada		0.25		179		5			-			-		-			5
Santander Corredores de Bolsa Limitada		49.41		22,970		717			(238	)		65		(173	)		544
Santander Asesorías Financieras Limitada		0.97		513		21			(152	)		41		(111	)		(90	)
Santander S.A. Sociedad Securitizadora		0.36		1		-			-			-		-			-
Klare Corredora de Seguros S.A.		49.90		1,631		(1,270	)		-			-		-			(1,270	)
Santander Consumer Chile S.A.		49.00		39,080		9,386			-			-		-			9,386
Subtotal				64,374		8,859			(390	)		106		(284	)		8,575

Santander Gestión de Recaudación y Cobranzas Limitada		100.00		4,820		139			-			-		-			139
Bansa Santander S.A.		100.00		21,010		1,096			-			-		-			1,096
Multiplica Spa		100.00		4.156		(133	)		-			-		-			(133	)
Subtotal				29,986		1,102			-			-		-			1,102

Total				94,360		9,961			(390	)		106		(284	)		9,677

The overview of the financial information of the subsidiaries included in the consolidation of the Bank that possess non-controlling interests is as follows, which does not include consolidation or conforming accounting policy adjustments:

	As of December 31,
	2023									2022									2021
	Assets		Liabilities		Capital		Net income			Assets		Liabilities		Capital		Net income			Assets		Liabilities		Capital		Net income
	MCh$		MCh$		MCh$		MCh$			MCh$		MCh$		MCh$		MCh$			MCh$		MCh$		MCh$		MCh$
Santander Corredora de Seguros Limitada		31,758		13,895		9,576		8,287			92,541		13,093		71,121		8,327			88,492		13,388		69,129		1,975
Santander Corredores de Bolsa Limitada		99,325		43,087		52,054		4,184			321,411		270,952		46,863		3,596			98,496		51,649		45,396		1,451
Santander Asesorias Financieras Limitada		5,023		1,442		354		3,227			60,640		2,725		53,082		4,833			54,731		1,683		50,900		2,148
Santander S.A. Sociedad Securitizadora		879		345		709		(175	)		1,107		398		857		(148	)		810		463		455		(108	)
Klare Corredora de Seguros S.A.		1,891		3,610		713		(2,432	)		2,153		1,440		3,272		(2,559	)		3,952		681		5,816		(2,545	)
Santander Consumer Chile S.A.		923,790		806,607		100,555		16,628			884,701		784,146		79,755		20,800			742,700		662,945		60,588		19,167
Santander Gestión de Recaudación y Cobranzas Ltda.		11,273		2,755		6,988		1,530			8,037		1,049		4,820		2,168			6,636		1,816		4,681		139
Bansa Santander S.A.		292,937		264,601		24,249		4,087			213,661		189,411		21,011		3,239			103,927		82,917		19,914		1,096
Multiplica Spa		3,518		989		3,211		(682	)		4,337		1,126		4,157		(946	)		4,409		253		4,289		(133	)
PagoNXT Trade Chile SpA		2,290		1,139		712		439			-		-		-		-			-		-		-		-
Total		1,372,684		1,138,470		199,121		35,093			1,588,588		1,264,340		284,938		39,310			1,100,153		815,795		261,168		23,190