Expected Credit Losses

12 Months Ended

Dec. 31, 2023

Expected Credit Losses [Abstract]

Expected credit losses

39. Expected credit losses:

(a) The composition is as follows:

	2023			2022			2021
	MCh$			MCh$			MCh$
Expense of allowances established for credit risk		321,829			418,416			93,710
Expense of provisions for contingent loans		(53,875	)		51,445			(5,132	)
Recovery of written-off credits		(63,256	)		(65,740	)		(70,407	)
Impairments for credit risk from financial assets at fair value through other comprehensive income		(2,754	)		8,009			1,001
Total		201,944			412,130			19,172

(b) Summary of the expense of provisions constituted for credit risk and expected credit losses:

	Expense of provisions constituted in the year
	Evaluation
	Individual			Group			Total
As of December 31, 2023	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
	Individual		Group		Total
As of December 31, 2022	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

	Expense of provisions constituted in the year
	Evaluation
	Individual			Group		Total
As of December 31, 2021	MCh$			MCh$		MCh$
Loans and advances to Banks
Allowances established		—			—		—
Allowances released		(377	)		—		(377	)
Subtotal		(377	)		—		(377	)
Commercial loans
Allowances established		—			50,433		50,433
Allowances released		(113,370	)		—		(113,370	)
Subtotal		(113,370	)		50,433		(62,937	)
Residential mortgage loans
Allowances established		—			15,046		15,046
Allowances released		—			—		—
Subtotal		—			15,046		15,046
Consumer loans
Allowances established		—			141,978		141,978
Allowances released		—			—		—
Subtotal		—			141,978		141,978
Expense of allowances established for credit risk		(113,747	)		207,457		93,710
Contingent loans
Loans and advances to Banks							—
Commercial loans							3,784
Consumer loans							(8,916	)
Expenses of provisions for contingent loans							(5,132	)
Impairments for credit risk from financial assets at fair value through other comprehensive income							1,001
Recovery of written-off credits
Loans and advances to Banks							—
Commercial loans							(15,480	)
Residential mortgage loans							(7,922	)
Consumer loans							(47,005	)
Subtotal							(70,407	)
Total Expected Credit Losses							19,172