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Consolidated Statements of Income
$ in Millions
12 Months Ended
Dec. 31, 2020
CLP ($)
$ / shares
Dec. 31, 2019
CLP ($)
$ / shares
Dec. 31, 2018
CLP ($)
$ / shares
OPERATING INCOME      
Interest income $ 2,232,327 $ 2,321,381 $ 2,244,317
Interest expense (638,479) (904,417) (829,949)
Net interest income 1,593,848 1,416,964 1,414,368
Fee and commission income 451,162 498,658 484,463
Fee and commission expense (183,884) (211,572) (193,578)
Net fee and commission income 267,278 287,086 290,885
Net income (expense) from financial operations 90,800 (78,165) 53,174
Net foreign exchange gain 58,997 279,857 51,908
Other operating income 8,206 13,001 23,129
Net operating profit before provision for loan losses 2,019,129 1,918,743 1,833,464
Provision for loan losses (478,264) (323,311) (317,408)
NET OPERATING INCOME 1,540,865 1,595,432 1,516,056
Personnel salaries and expenses (408,670) (410,157) (397,564)
Administrative expenses (250,450) (233,612) (245,089)
Depreciation and amortization (109,426) (106,092) (79,280)
Impairment of property, plant, and equipment (638) (2,726) (39)
Other operating expenses (77,806) (49,303) (32,342)
Total operating expenses (846,990) (801,890) (754,314)
OPERATING INCOME 693,875 793,542 761,742
Income from investments in associates and other companies 1,388 1,146 1,324
Income from continuing operations before tax 695,263 794,688 763,066
Income tax expense (142,533) (175,074) (167,144)
Result of continuing operations 552,730 619,614 595,922
Result of discontinued operations 1,699 3,771
NET INCOME FOR THE YEAR 552,730 621,313 599,693
Attributable to:      
Shareholders of the Bank 547,614 619,091 595,333
Non-controlling interest $ 5,116 $ 2,222 $ 4,360
Earnings per share from continued operations attributable to shareholders of the Bank:      
Basic earnings (in Pesos per share) | (per share) $ 2.906 $ 3.276 $ 3.139
Diluted earnings (in Pesos per share) | (per share) 2.906 3.276 3.139
Earnings per share from discontinued operations attributable to shareholders of the Bank:      
Basic earnings (in Pesos per share) | (per share)   0.009 0.020
Diluted earnings (in Pesos per share) | (per share)   0.009 0.020
Earnings per share attributable to shareholders of the Bank:      
Basic earnings (in Pesos per share) | (per share) 2.906 3.285 3.159
Diluted earnings (in Pesos per share) | (per share) $ 2.906 $ 3.285 $ 3.159