11. Loans to Customers, net:
(a) Loans to Customers:
As of December 31, 2015, 2016 and 2017, the composition of our portfolio of loans is the following:
|
|
|
As of December 31, 2015 |
|
||||||||||||||
|
|
|
Assets before Allowances |
|
Allowances established |
|
||||||||||||
|
|
|
Normal Portfolio |
|
Substandard |
|
Non-Complying |
|
Total |
|
Individual |
|
Group Provision |
|
Total Provision |
|
Net assets |
|
|
|
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
|
Commercial loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial loans |
|
10,340,495 |
|
89,792 |
|
388,214 |
|
10,818,501 |
|
(122,314 |
) |
(83,521 |
) |
(205,835 |
) |
10,612,666 |
|
|
Foreign trade loans |
|
1,318,078 |
|
64,849 |
|
60,318 |
|
1,443,245 |
|
(72,708 |
) |
(3,286 |
) |
(75,994 |
) |
1,367,251 |
|
|
Current account debtors |
|
227,063 |
|
2,519 |
|
9,646 |
|
239,228 |
|
(4,501 |
) |
(4,082 |
) |
(8,583 |
) |
230,645 |
|
|
Factoring transactions |
|
483,797 |
|
2,282 |
|
754 |
|
486,833 |
|
(5,358 |
) |
(1,773 |
) |
(7,131 |
) |
479,702 |
|
|
Commercial lease transactions (1) |
|
1,334,038 |
|
15,367 |
|
25,651 |
|
1,375,056 |
|
(5,389 |
) |
(11,004 |
) |
(16,393 |
) |
1,358,663 |
|
|
Other loans and accounts receivable |
|
50,898 |
|
257 |
|
7,147 |
|
58,302 |
|
(2,154 |
) |
(3,414 |
) |
(5,568 |
) |
52,734 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal |
|
13,754,369 |
|
175,066 |
|
491,730 |
|
14,421,165 |
|
(212,424 |
) |
(107,080 |
) |
(319,504 |
) |
14,101,661 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage bonds (2) |
|
49,849 |
|
— |
|
3,771 |
|
53,620 |
|
— |
|
(68 |
) |
(68 |
) |
53,552 |
|
|
Transferable mortgage loans |
|
82,826 |
|
— |
|
1,818 |
|
84,644 |
|
— |
|
(95 |
) |
(95 |
) |
84,549 |
|
|
Other residential real estate mortgage loans |
|
6,146,484 |
|
— |
|
111,423 |
|
6,257,907 |
|
— |
|
(29,813 |
) |
(29,813 |
) |
6,228,094 |
|
|
Credits from ANAP |
|
17 |
|
— |
|
— |
|
17 |
|
— |
|
— |
|
— |
|
17 |
|
|
Other loans and accounts receivable |
|
8,644 |
|
— |
|
154 |
|
8,798 |
|
— |
|
(29 |
) |
(29 |
) |
8,769 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal |
|
6,287,820 |
|
— |
|
117,166 |
|
6,404,986 |
|
— |
|
(30,005 |
) |
(30,005 |
) |
6,374,981 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer loans in installments |
|
2,188,881 |
|
— |
|
244,355 |
|
2,433,236 |
|
— |
|
(158,135 |
) |
(158,135 |
) |
2,275,101 |
|
|
Current account debtors |
|
292,534 |
|
— |
|
4,325 |
|
296,859 |
|
— |
|
(7,476 |
) |
(7,476 |
) |
289,383 |
|
|
Credit card debtors |
|
991,831 |
|
— |
|
24,518 |
|
1,016,349 |
|
— |
|
(34,968 |
) |
(34,968 |
) |
981,381 |
|
|
Other loans and accounts receivable |
|
50 |
|
— |
|
781 |
|
831 |
|
— |
|
(355 |
) |
(355 |
) |
476 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal |
|
3,473,296 |
|
— |
|
273,979 |
|
3,747,275 |
|
— |
|
(200,934 |
) |
(200,934 |
) |
3,546,341 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
23,515,485 |
|
175,066 |
|
882,875 |
|
24,573,426 |
|
(212,424 |
) |
(338,019 |
) |
(550,443 |
) |
24,022,983 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
In this item, the Bank finances its customers purchases of assets, including real estate and other personal property, through finance lease agreements. As of December 31, 2015 Ch$653,225 million corresponds to finance leases for real estate and Ch$721,831 million corresponds to finance leases for other assets. |
|
(2) |
For mortgage bonds that finance residential mortgage loans, the Bank is solely responsible for the payment of that obligation to the mortgage bond holders, regardless of the payment behavior of the residential mortgage borrower. Accordingly, none of our residential mortgage loans serves as a guarantee or collateral for our mortgage bonds. |
|
|
|
As of December 31, 2016 |
|
||||||||||||||
|
|
|
Assets before Allowances |
|
Allowances established |
|
||||||||||||
|
|
|
Normal Portfolio |
|
Substandard |
|
Non-Complying |
|
Total |
|
Individual |
|
Group Provision |
|
Total Provision |
|
Net assets |
|
|
|
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
|
Commercial loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial loans |
|
10,603,307 |
|
132,308 |
|
304,212 |
|
11,039,827 |
|
(91,186 |
) |
(82,218 |
) |
(173,404 |
) |
10,866,423 |
|
|
Foreign trade loans |
|
1,167,598 |
|
47,317 |
|
54,107 |
|
1,269,022 |
|
(61,388 |
) |
(3,410 |
) |
(64,798 |
) |
1,204,224 |
|
|
Current account debtors |
|
209,031 |
|
2,499 |
|
2,319 |
|
213,849 |
|
(1,632 |
) |
(4,467 |
) |
(6,099 |
) |
207,750 |
|
|
Factoring transactions |
|
507,807 |
|
1,724 |
|
810 |
|
510,341 |
|
(4,322 |
) |
(1,953 |
) |
(6,275 |
) |
504,066 |
|
|
Student loans |
|
41,738 |
|
— |
|
949 |
|
42,687 |
|
— |
|
(1,278 |
) |
(1,278 |
) |
41,409 |
|
|
Commercial lease transactions (1) |
|
1,312,740 |
|
12,549 |
|
25,823 |
|
1,351,112 |
|
(5,449 |
) |
(10,574 |
) |
(16,023 |
) |
1,335,089 |
|
|
Other loans and accounts receivable |
|
66,050 |
|
418 |
|
5,729 |
|
72,197 |
|
(685 |
) |
(3,712 |
) |
(4,397 |
) |
67,800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal |
|
13,908,271 |
|
196,815 |
|
393,949 |
|
14,499,035 |
|
(164,662 |
) |
(107,612 |
) |
(272,274 |
) |
14,226,761 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage bonds (2) |
|
37,355 |
|
— |
|
3,150 |
|
40,505 |
|
— |
|
(45 |
) |
(45 |
) |
40,460 |
|
|
Transferable mortgage loans |
|
66,385 |
|
— |
|
2,173 |
|
68,558 |
|
— |
|
(95 |
) |
(95 |
) |
68,463 |
|
|
Other residential real estate mortgage loans |
|
6,673,029 |
|
— |
|
134,715 |
|
6,807,744 |
|
— |
|
(32,432 |
) |
(32,432 |
) |
6,775,312 |
|
|
Credits from ANAP |
|
13 |
|
— |
|
— |
|
13 |
|
— |
|
— |
|
— |
|
13 |
|
|
Other loans and accounts receivable |
|
7,832 |
|
— |
|
114 |
|
7,946 |
|
— |
|
(175 |
) |
(175 |
) |
7,771 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal |
|
6,784,614 |
|
— |
|
140,152 |
|
6,924,766 |
|
— |
|
(32,747 |
) |
(32,747 |
) |
6,892,019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer loans in installments |
|
2,266,117 |
|
— |
|
222,843 |
|
2,488,960 |
|
— |
|
(200,979 |
) |
(200,979 |
) |
2,287,981 |
|
|
Current account debtors |
|
326,012 |
|
— |
|
3,208 |
|
329,220 |
|
— |
|
(6,139 |
) |
(6,139 |
) |
323,081 |
|
|
Credit card debtors |
|
1,131,412 |
|
— |
|
24,264 |
|
1,155,676 |
|
— |
|
(42,232 |
) |
(42,232 |
) |
1,113,444 |
|
|
Other loans and accounts receivable |
|
9 |
|
— |
|
758 |
|
767 |
|
— |
|
(398 |
) |
(398 |
) |
369 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal |
|
3,723,550 |
|
— |
|
251,073 |
|
3,974,623 |
|
— |
|
(249,748 |
) |
(249,748 |
) |
3,724,875 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
24,416,435 |
|
196,815 |
|
785,174 |
|
25,398,424 |
|
(164,662 |
) |
(390,107 |
) |
(554,769 |
) |
24,843,655 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
In this item, the Bank finances its customers purchases of assets, including real estate and other personal property, through finance lease agreements. As of December 31, 2016 Ch$631,500 million corresponds to finance leases for real estate and Ch$719,612 million corresponds to finance leases for other assets. |
|
(2) |
For mortgage bonds that finance residential mortgage loans, the Bank is solely responsible for the payment of that obligation to the mortgage bond holders, regardless of the payment behavior of the residential mortgage borrower. Accordingly, none of our residential mortgage loans serves as a guarantee or collateral for our mortgage bonds. |
|
|
|
As of December 31, 2017 |
|
||||||||||||||
|
|
|
Assets before Allowances |
|
Allowances established |
|
||||||||||||
|
|
|
Normal Portfolio |
|
Substandard |
|
Non-Complying |
|
Total |
|
Individual |
|
Group Provision |
|
Total Provision |
|
Net assets |
|
|
|
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
|
Commercial loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial loans |
|
10,199,048 |
|
67,602 |
|
301,785 |
|
10,568,435 |
|
(76,408 |
) |
(84,587 |
) |
(160,995 |
) |
10,407,440 |
|
|
Foreign trade loans |
|
948,547 |
|
10,627 |
|
24,622 |
|
983,796 |
|
(24,271 |
) |
(2,311 |
) |
(26,582 |
) |
957,214 |
|
|
Current account debtors |
|
265,842 |
|
2,706 |
|
2,420 |
|
270,968 |
|
(1,827 |
) |
(6,350 |
) |
(8,177 |
) |
262,791 |
|
|
Factoring transactions |
|
643,352 |
|
2,552 |
|
931 |
|
646,835 |
|
(4,290 |
) |
(2,037 |
) |
(6,327 |
) |
640,508 |
|
|
Student loans |
|
44,407 |
|
— |
|
1,617 |
|
46,024 |
|
— |
|
(1,319 |
) |
(1,319 |
) |
44,705 |
|
|
Commercial lease transactions (1) |
|
1,337,411 |
|
17,468 |
|
26,637 |
|
1,381,516 |
|
(3,263 |
) |
(8,215 |
) |
(11,478 |
) |
1,370,038 |
|
|
Other loans and accounts receivable |
|
55,521 |
|
298 |
|
7,425 |
|
63,244 |
|
(663 |
) |
(5,688 |
) |
(6,351 |
) |
56,893 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal |
|
13,494,128 |
|
101,253 |
|
365,437 |
|
13,960,818 |
|
(110,722 |
) |
(110,507 |
) |
(221,229 |
) |
13,739,589 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage bonds (2) |
|
27,568 |
|
— |
|
2,216 |
|
29,784 |
|
— |
|
(11 |
) |
(11 |
) |
29,773 |
|
|
Transferable mortgage loans |
|
52,229 |
|
— |
|
1,850 |
|
54,079 |
|
— |
|
(58 |
) |
(58 |
) |
54,021 |
|
|
Other residential real estate mortgage loans |
|
7,229,037 |
|
— |
|
155,760 |
|
7,384,797 |
|
— |
|
(31,729 |
) |
(31,729 |
) |
7,353,068 |
|
|
Credits from ANAP |
|
8 |
|
— |
|
— |
|
8 |
|
— |
|
— |
|
— |
|
8 |
|
|
Other loans and accounts receivable |
|
8,127 |
|
— |
|
441 |
|
8,568 |
|
— |
|
(217 |
) |
(217 |
) |
8,351 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal |
|
7,316,969 |
|
— |
|
160,267 |
|
7,477,236 |
|
— |
|
(32,015 |
) |
(32,015 |
) |
7,445,221 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer loans in installments |
|
2,311,482 |
|
— |
|
227,258 |
|
2,538,740 |
|
— |
|
(175,293 |
) |
(175,293 |
) |
2,363,447 |
|
|
Current account debtors |
|
314,506 |
|
— |
|
2,172 |
|
316,678 |
|
— |
|
(10,446 |
) |
(10,446 |
) |
306,232 |
|
|
Credit card debtors |
|
1,134,476 |
|
— |
|
22,655 |
|
1,157,131 |
|
— |
|
(56,525 |
) |
(56,525 |
) |
1,100,606 |
|
|
Other loans and accounts receivable |
|
8 |
|
— |
|
902 |
|
910 |
|
— |
|
(313 |
) |
(313 |
) |
597 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal |
|
3,760,472 |
|
— |
|
252,987 |
|
4,013,459 |
|
— |
|
(242,577 |
) |
(242,577 |
) |
3,770,882 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
24,571,569 |
|
101,253 |
|
778,691 |
|
25,451,513 |
|
(110,722 |
) |
(385,099 |
) |
(495,821 |
) |
24,955,692 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
In this item, the Bank finances its customers’ purchases of assets, including real estate and other personal property, through finance lease agreements. As of December 31, 2017, Ch$653,575 million corresponds to finance leases for real estate and Ch$727,941 million corresponds to finance leases for other assets. |
|
(2) |
For mortgage bonds that finance residential mortgage loans, the Bank is solely responsible for the payment of that obligation to the mortgage bond holders, regardless of the payment behavior of the residential mortgage borrower. Accordingly, none of our residential mortgage loans serves as a guarantee or collateral for our mortgage bonds. |
(b) Allowances for loan losses:
Changes in allowances for loan losses during 2015, 2016 and 2017 are as follows:
|
|
|
Commercial |
|
Mortgage |
|
Consumer |
|
|
|
||
|
|
|
Individual |
|
Group |
|
Group |
|
Group |
|
Total |
|
|
|
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
|
Balance as of January 1, 2015 |
|
162,067 |
|
111,746 |
|
24,021 |
|
192,724 |
|
490,558 |
|
|
Charge-offs |
|
(13,228 |
) |
(44,760 |
) |
(2,553 |
) |
(196,015 |
) |
(256,556 |
) |
|
Sales or transfers of credits |
|
(2,690 |
) |
— |
|
— |
|
— |
|
(2,690 |
) |
|
Loan portfolio acquisition |
|
12,329 |
|
— |
|
— |
|
— |
|
12,329 |
|
|
Allowances established, net |
|
53,946 |
|
40,094 |
|
8,537 |
|
204,225 |
|
306,802 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of December 31, 2015 |
|
212,424 |
|
107,080 |
|
30,005 |
|
200,934 |
|
550,443 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Charge-offs |
|
(14,913 |
) |
(44,930 |
) |
(4,190 |
) |
(213,024 |
) |
(277,057 |
) |
|
Sales or transfers of credits |
|
(24,925 |
) |
— |
|
— |
|
— |
|
(24,925 |
) |
|
Loan portfolio acquisition |
|
— |
|
— |
|
— |
|
— |
|
— |
|
|
Allowances (released) established, net |
|
(7,924 |
) |
45,462 |
|
6,932 |
|
261,838 |
|
306,308 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of December 31, 2016 |
|
164,662 |
|
107,612 |
|
32,747 |
|
249,748 |
|
554,769 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Charge-offs |
|
(13,774 |
) |
(44,942 |
) |
(5,093 |
) |
(254,981 |
) |
(318,790 |
) |
|
Sales or transfers of credits |
|
(11,595 |
) |
— |
|
— |
|
— |
|
(11,595 |
) |
|
Allowances (released) established, net |
|
(28,571 |
) |
47,837 |
|
4,361 |
|
247,810 |
|
271,437 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of December 31, 2017 |
|
110,722 |
|
110,507 |
|
32,015 |
|
242,577 |
|
495,821 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(c) During 2016 and 2017, the Bank and its subsidiaries presented the following allowance for loan losses associated with impaired loans and with non-impaired loans:
|
|
|
As of December 31, |
|
||
|
|
|
2016 |
|
2017 |
|
|
|
|
MCh$ |
|
MCh$ |
|
|
Individual impaired |
|
106,456 |
|
57,486 |
|
|
Group impaired |
|
192,960 |
|
191,216 |
|
|
|
|
|
|
|
|
|
Allowances for impaired loans (*) |
|
299,416 |
|
248,702 |
|
|
Provision for not yet identified but incurred impairment |
|
255,353 |
|
247,119 |
|
|
|
|
|
|
|
|
|
Total allowances for loan losses |
|
554,769 |
|
495,821 |
|
|
|
|
|
|
|
|
(*) Includes allowances related to individual and group impaired portfolios. Notes 11(a) and 11(b) include total allowance amounts from impaired and non-impaired portfolios
(d) Finance Lease Contracts:
The Bank’s scheduled cash flows to be received from finance leasing contracts have the following maturities:
|
|
|
Total receivable |
|
Unearned income |
|
Net lease receivable (*) |
|
||||||
|
|
|
2016 |
|
2017 |
|
2016 |
|
2017 |
|
2016 |
|
2017 |
|
|
|
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
|
Due within one year |
|
463,296 |
|
461,354 |
|
(54,347 |
) |
(54,216 |
) |
408,949 |
|
407,138 |
|
|
Due after 1 year but within 2 years |
|
325,230 |
|
338,305 |
|
(40,166 |
) |
(39,946 |
) |
285,064 |
|
298,359 |
|
|
Due after 2 years but within 3 years |
|
223,796 |
|
230,920 |
|
(26,156 |
) |
(26,136 |
) |
197,640 |
|
204,784 |
|
|
Due after 3 years but within 4 years |
|
147,047 |
|
146,921 |
|
(18,162 |
) |
(17,680 |
) |
128,885 |
|
129,241 |
|
|
Due after 4 years but within 5 years |
|
99,992 |
|
99,268 |
|
(12,698 |
) |
(12,564 |
) |
87,294 |
|
86,704 |
|
|
Due after 5 years |
|
265,660 |
|
278,607 |
|
(28,399 |
) |
(27,315 |
) |
237,261 |
|
251,292 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
1,525,021 |
|
1,555,375 |
|
(179,928 |
) |
(177,857 |
) |
1,345,093 |
|
1,377,518 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(*) The net balance receivable does not include the total overdue portfolio totaling Ch$6,019 million and Ch$3,998 million as of December 31, 2016 and 2017, respectively. This overdue portfolio only reflects the past due portion without considering the remaining outstanding principal and interest.
The leasing contracts are related to real estate, industrial machinery, vehicles and transport equipment. The leasing contracts have an average life of between 2 and 14 years.
(e) Loans by industry sector:
The following table details the Bank’s loan portfolio (before allowances for loans losses) as of December 31, 2016 and 2017 by the customer’s industry sector:
|
|
|
Location |
|
|
|
|
|
|
|
|
|
||||||
|
|
|
Chile |
|
Abroad |
|
Total |
|
||||||||||
|
|
|
2016 |
|
2017 |
|
2016 |
|
2017 |
|
2016 |
|
|
|
2017 |
|
|
|
|
|
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
% |
|
MCh$ |
|
% |
|
|
Commercial loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commerce |
|
2,191,018 |
|
2,013,411 |
|
52,456 |
|
21,718 |
|
2,243,474 |
|
8.83 |
|
2,035,129 |
|
7.99 |
|
|
Services |
|
1,937,428 |
|
1,964,238 |
|
— |
|
— |
|
1,937,428 |
|
7.63 |
|
1,964,238 |
|
7.72 |
|
|
Financial services |
|
2,102,582 |
|
1,845,464 |
|
13,621 |
|
6,185 |
|
2,116,203 |
|
8.33 |
|
1,851,649 |
|
7.27 |
|
|
Transportation and telecommunications |
|
1,636,994 |
|
1,612,930 |
|
— |
|
— |
|
1,636,994 |
|
6.45 |
|
1,612,930 |
|
6.34 |
|
|
Construction |
|
1,647,862 |
|
1,493,373 |
|
— |
|
— |
|
1,647,862 |
|
6.49 |
|
1,493,373 |
|
5.87 |
|
|
Manufacturing |
|
1,517,436 |
|
1,369,293 |
|
44,301 |
|
30,399 |
|
1,561,737 |
|
6.15 |
|
1,399,692 |
|
5.50 |
|
|
Agriculture and livestock |
|
1,184,869 |
|
1,354,069 |
|
— |
|
— |
|
1,184,869 |
|
4.67 |
|
1,354,069 |
|
5.32 |
|
|
Electricity, gas and water |
|
566,438 |
|
565,695 |
|
— |
|
— |
|
566,438 |
|
2.23 |
|
565,695 |
|
2.22 |
|
|
Mining |
|
432,822 |
|
422,176 |
|
— |
|
— |
|
432,822 |
|
1.70 |
|
422,176 |
|
1.66 |
|
|
Fishing |
|
264,042 |
|
145,266 |
|
— |
|
— |
|
264,042 |
|
1.04 |
|
145,266 |
|
0.57 |
|
|
Other |
|
907,166 |
|
1,116,601 |
|
— |
|
— |
|
907,166 |
|
3.57 |
|
1,116,601 |
|
4.39 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal |
|
14,388,657 |
|
13,902,516 |
|
110,378 |
|
58,302 |
|
14,499,035 |
|
57.09 |
|
13,960,818 |
|
54.85 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage loans |
|
6,924,766 |
|
7,477,236 |
|
— |
|
— |
|
6,924,766 |
|
27.26 |
|
7,477,236 |
|
29.38 |
|
|
Consumer loans |
|
3,974,623 |
|
4,013,459 |
|
— |
|
— |
|
3,974,623 |
|
15.65 |
|
4,013,459 |
|
15.77 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
25,288,046 |
|
25,393,211 |
|
110,378 |
|
58,302 |
|
25,398,424 |
|
100.00 |
|
25,451,513 |
|
100.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(f) Purchase of loan portfolio
During 2017, the Bank acquired loan portfolios, whose nominal value amounted to Ch$1,495 million.
During 2016, the Bank acquired loan portfolios, whose nominal value amounted to Ch$54,969 million.
(g) Sale or transfer of credits from the loans to customers:
During 2016 and 2017 Banco de Chile has carried out transactions of sale or transfer of the loan portfolio according to the following:
|
|
|
As of December 31, 2016 |
|
||||||
|
|
|
Carrying |
|
Allowances |
|
Sale price |
|
Effect on income |
|
|
|
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
Sale of outstanding loans |
|
130,045 |
|
(24,925 |
) |
110,050 |
|
4,930 |
|
|
Sale of write-off loans (*) |
|
— |
|
— |
|
— |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
130,045 |
|
(24,925 |
) |
110,050 |
|
4,930 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2017 |
|
||||||
|
|
|
Carrying |
|
Allowances |
|
Sale price |
|
Effect on income |
|
|
|
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
MCh$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
Sale of outstanding loans |
|
33,681 |
|
(11,595 |
) |
24,126 |
|
2,040 |
|
|
Sale of write-off loans |
|
— |
|
— |
|
23 |
|
23 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
33,681 |
|
(11,595 |
) |
24,149 |
|
2,063 |
|
|
|
|
|
|
|
|
|
|
|
|
(h) Own assets securitizations:
During 2016 and 2017 the Bank did not execute securitization transactions involving its own assets.