For financial assets recognised in the Consolidated Statement of Financial Position, maximum credit risk exposure equals their carrying value. Below is the distribution by financial asset and off-balance sheet commitments of the Bank’s maximum exposure to credit risk as of December 31, 2017 and 2016, without deduction of collateral, security interests or credit improvements received:
| As of December 31, | ||||
| 2017 | 2016 | |||
| Amount of exposure | Amount of exposure | |||
| Note | MCh$ | MCh$ | ||
| Deposits in banks | 4 | 839,561 | 1,709,071 | |
| Cash items in process of collection | 4 | 668,145 | 495,283 | |
| Trading investments | 5 | 485,736 | 396,987 | |
| Investments under resale agreements | 6 | - | 6,736 | |
| Financial derivative contracts | 7 | 2,238,647 | 2,500,782 | |
Loans and accounts receivable from customers and interbank loans, net |
8 and 9 | 26,934,757 | 26,415,826 | |
| Available for sale investments | 10 | 2,574,546 | 3,388,906 | |
| Off-balance commitments: | ||||
| Letters of credit issued | 201,699 | 158,800 | ||
| Foreign letters of credit confirmed | 75,499 | 57,686 | ||
| Guarantees | 1,823,793 | 1,752,610 | ||
| Available credit lines | 8,135,489 | 7,548,820 | ||
| Personal guarantees | 81,577 | 125,050 | ||
| Other irrevocable credit commitments | 260,691 | 260,266 | ||
| Total | 44,320,140 | 44,816,823 | ||