Financial Assets Held for Trading at Fair Value Through Profit or Loss

12 Months Ended

Dec. 31, 2024

Financial Assets Held for Trading at Fair Value Through Profit or Loss [Abstract]

Financial Assets Held for Trading at Fair Value through Profit or Loss

8. Financial Assets Held for Trading at Fair Value through Profit or Loss:

The item detail is as follows:

	2024		2023
	MCh$		MCh$
Financial derivative contracts		2,303,353		2,035,540
Debt Financial Instruments		1,714,381		3,363,624
Other financial instruments		411,689		409,328
Total		4,429,423		5,808,492

(a) The Bank as of December 31, 2024 and 2023, maintains the following portfolio of derivative instruments:

	Notional amount of contract with final expiration date in
	Demand				Up to 1 month				Over 1 month and up to 3 months				Over 3 months and up to 12 months				Over 1 year and up to 3 years				Over 3 year and up to 5 years				Over 5 years				Total				Fair Value Assets
	2024		2023		2024		2023		2024		2023		2024		2023		2024		2023		2024		2023		2024		2023		2024		2023		2024		2023
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Currency forward		—		—		3,289,559		3,659,459		1,712,274		2,410,522		2,589,278		2,517,954		916,016		355,774		26,575		13,536		4,442		—		8,538,144		8,957,245		227,670		212,639
Interest rate swap		—		—		376,933		847,401		2,249,606		1,859,664		5,133,205		6,593,100		7,253,517		7,157,777		4,172,518		3,743,282		4,250,312		4,709,682		23,436,091		24,910,906		732,395		883,689
Interest rate and cross currency swap		—		—		107,571		167,667		249,871		305,181		2,198,760		987,931		2,164,528		2,724,924		1,449,064		1,112,311		2,686,049		2,410,153		8,855,843		7,708,167		1,338,086		934,466
Call currency options		—		—		11,551		7,019		42,692		26,243		57,908		87,429		11,340		7,325		—		—		—		—		123,491		128,016		4,949		3,435
Put currency options		—		—		10,208		3,012		16,989		24,464		23,301		51,132		—		6,558		—		—		—		—		50,498		85,166		253		1,311
Total		—		—		3,795,822		4,684,558		4,271,432		4,626,074		10,002,452		10,237,546		10,345,401		10,252,358		5,648,157		4,869,129		6,940,803		7,119,835		41,004,067		41,789,500		2,303,353		2,035,540

b) The detail of Debt Financial Instruments is the following:

	2024		2023
	MCh$		MCh$
Instruments issued by the Chilean Government and Central Bank of Chile
Debt financial instruments from the Central Bank of Chile		1,217,317		2,799,442
Bonds and Promissory notes from the General Treasury of the Republic		278,140		227,871
Other instruments issued in Chile
Debt financial instruments from other domestic banks		217,948		336,311
Instruments issued Abroad
Financial instruments from foreign governments or Central Banks		976		—
Total		1,714,381		3,363,624

Under “Instruments issued by the Chilean Government and Central Bank of Chile” are classified instruments sold under repurchase agreements to clients and financial institutions, by an amount of Ch$10,038 million as of December 31, 2024 (as of December 31, 2023, the bank doesn´t maintain balances for this type of transactions). The repurchase agreements have an average maturity of 2 days at the end of the year 2024. As part of the FCIC program, instruments delivered as collateral are included for an approximate amount of Ch$245,620 million as of December 31, 2023. There is no collateral delivered as of December 31, 2024 for this concept given that the program came to an end on July 1, 2024.

Under “Other instruments issued in Chile” are included instruments sold under repurchase agreements to clients and financial institutions by an amount of Ch$89,223 million as of December 31, 2024 (Ch$121,586 million in December 2023). The repurchase agreements have an average maturity of 7 days at the end of the year 2024 (4 days in December 2023).

Additionally, the Bank has investments in own-issued letters of credit for an amount equivalent to Ch$998 million as of December 31, 2024 (Ch$1,733 million in December 2023), which are presented as a reduction of the liability item “Debt financial instruments issued”.

c) The detail of other financial instruments is as follows:

	2024		2023
	MCh$		MCh$
Mutual fund investments
Funds managed by related companies		408,121		405,752
Funds managed by third-party		—		—
Equity instruments
Domestic equity instruments		1,039		2,058
Foreign equity instruments		—		485
Loans originated and acquired by the entity
Loans and advances to banks		—		—
Commercial loans		—		—
Residential mortgage loans		—		—
Consumer loans		—		—
Others		2,529		1,033
Total		411,689		409,328