v3.25.4
Financial Assets at Fair Value Through Other Comprehensive Income
 12 Months Ended
Dec. 31, 2025
Financial assets at fair value through other comprehensive income [abstract]  
Financial Assets at Fair Value Through Other Comprehensive Income FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME
The financial assets at fair value through other comprehensive income is as follows:
 As of December 31,
 20252024
 MCh$MCh$
Debt financial instruments
Chilean Central Bank and Government financial instruments2,825,238 1,473,604 
Other Chilean debt financial instruments3,484 5,006 
Foreign debt financial instruments769,644 1,208,875 
Subtotal3,598,366 2,687,485 
Other financial instruments  
Commercial loans90,354 55,005 
Mortgage loans201,232 19,898 
Subtotal291,586 74,903 
  
Total3,889,952 2,762,388 
a.As of December 31, 2025 and 2024 detail of financial debt instruments is as follows:
 As of December 31,
 20252024
 MCh$MCh$
Chilean Central Bank and Government financial instruments
Chilean Central Bank financial instruments- 199,903 
Chilean Treasury bonds and notes2,825,238 1,273,701 
Other Chilean government financial instruments- - 
Subtotal2,825,238 1,473,604 
of which sold under repurchase agreement1,789,703 397,334 
Other Chilean debt financial instruments  
Other Chilean bank financial instruments3,484 5,006 
Other Chilean financial instruments- - 
Subtotal3,484 5,006 
of which sold under repurchase agreement- - 
Foreign debt financial instruments  
Foreign debt financial instruments of governments and fiscal entities769,644 1,001,105 
Other foreign debt financial instruments- 207,770 
Subtotal769,644 1,208,875 
of which sold under repurchase agreement- - 
Total3,598,366 2,687,485 
The Bank holds instruments, within “Chilean Central Bank and government securities”, which guarantee derivatives transactions through Comder Contraparte Central S.A., in the local market as of December 31, 2025 and 2024 for an amount of Ch$223,000 and Ch$138,000, respectively, while “Foreign debt financial instruments” guarantee margins for derivatives transactions through London Clearing House (LCH) as of December 31, 2025 and 2024 for an amount of Ch$405,311 and Ch$49,705, respectively. Additionally, the Bank maintains guarantees with Euroclear as of December 31, 2025 and 2024 for an amount of Ch$497,631 and Ch$484,624, respectively, to comply with the initial margin required by European EMIR Standard.
NOTE 06 – FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME, continued
The credit risk provisions associated with debt instruments, commercial placements and housing as of December 31, 2025 and 2024, are:
As of December 31,
20252024
MCh$MCh$
Debts financial instruments636 415 
Commercial loans4,487 1,141 
Mortgage loans176 23 
As of December 31, 2024, changes in fair value of financial assets measured at FVOCI included a cumulative net unrealized loss of MCh$67,161, recorded as “valuation adjustment” in OCI, where MCh$69,012 (loss) are attributable to shareholders equity and MCh$1,851 (profit) to non-controlling interest. As of December 31, 2025, changes in fair value of financial assets measured at FVOCI included a cumulative net unrealized loss of MCh$77,905, recorded as “valuation adjustment” in OCI, where MCh$80,320 (loss) are attributable to shareholders equity and MCh$2,415 (profit) to non-controlling interest.
The changes in the fair value and the corresponding ECL of debt instruments as of December 31, 2025 is as follows:
 Stage 1 Stage 2Stage 3TOTAL
Balance at January 1, 20252,687,485 - - 2,687,485 
New financial assets purchased6,733,987 - - 6,733,987 
Transfers to stage 1- - - - 
Transfers to stage 2- - - - 
Transfers to stage 3- - - - 
Assets derecognised or matured (excluding write-off)(5,891,983)- - (5,891,983)
Changes in measument of financial assets68,877 - - 68,877 
Other adjustments- - - - 
At December 31, 20253,598,366 - - 3,598,366 
Stage 1 Stage 2Stage 3TOTAL
ECL at January 1, 2025415 - - 415 
New financial assets purchased927 - - 927 
Transfers to stage 1- - - - 
Transfers to stage 2- - - - 
Transfers to stage 3- - - - 
Assets derecognised or matured (excluding write-off)(726)- - (726)
Changes due to changes in credit risk20 - - 20 
Write-off- - - - 
Other adjustments- - - - 
At December 31, 2025636 - - 636 
NOTE 06 – FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME, continued
The changes in the fair value and the corresponding ECL of debt instruments as of December 31, 2024 is as follows:
Stage 1 Stage 2Stage 3TOTAL
Balance at January 1, 20244,536,025 - - 4,536,025 
New financial assets purchased15,287,999 - - 15,287,999 
Transfers to stage 1- - - - 
Transfers to stage 2- - - - 
Transfers to stage 3- - - - 
Assets derecognised or matured (excluding write-off)(17,299,536)- - (17,299,536)
Changes in measument of financial assets162,997 - - 162,997 
Other adjustments- - - - 
At December 31, 20242,687,485 - - 2,687,485 
Stage 1 Stage 2Stage 3TOTAL
ECL at January 1, 2024787 - - 787 
New financial assets purchased2,386 - - 2,386 
Transfers to stage 1- - - - 
Transfers to stage 2- - - - 
Transfers to stage 3- - - - 
Assets derecognised or matured (excluding write-off)(2,763)- - (2,763)
Changes due to changes in credit risk5 - - 5 
Write-off- - - - 
Other adjustments- - - - 
At December 31, 2024415 - - 415 
Gross profits and losses realized on the sale of available for sale investments as of December 31, 2025, 2024 and 2023 is as follows:
As of December 31,
202520242023
MCh$MCh$MCh$
Sale of debt financial instruments at FVOCI generating realized profits1,211,807 3,548,049 6,837,112 
Realized profits333 9,038 392 
Sale of debt financial instruments at FVOCI generating realized losses526,716 1,235,689 1,605,762 
Realized losses1,659 55,998 134,485 
The Bank evaluated those instruments with unrealized losses as of December 31, 2025 and 2024 and concluded they were not impaired. This review consisted of evaluating the economic reasons for any declines, the credit ratings of the securities’ issuers, and the Bank’s intention and ability to hold the securities until the unrealized loss is recovered. Based on this analysis, the Bank believes that there were no significant or prolonged declines nor changes in credit risk which would cause impairment in its investment portfolio, since most of the decline in fair value of these instruments was caused by market conditions which the Bank considers to be temporary. All of the instruments that have unrealized losses as of December 31, 2025 and 2024 were not in a continuing unrealized loss position for more than one year.
b.Other financial instruments
The Bank classifies certain loans and account receivables at fair value through other comprehensive income (FVOCI), when a credit operation exceeds single client exposure under the Bank’s credit risk policy. Initially, the risk committee approves the full operation with the condition to sell a portion of the loan in the medium term.
Additionally, the Bank includes operations that expect to sell, for which an increase of the credit risk has been identified.
This portfolio is measured at fair value, recognising the adjustment in other comprehensive income. The portfolio is assessed for impairment loss under the ECL model, same as loans at amortised cost.
NOTE 06 – FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME, continued
The changes in the fair value and the corresponding ECL of commercial loans as of December 31, 2025 is as follows:
Commercial loansStage 1 Stage 2Stage 3TOTAL
 MCh$ MCh$MCh$MCh$
Balance as of January 1, 202556,146 - - 56,146 
New financial assets originated44,500   44,500 
Transfers to stage 1(17,770)17,770 - - 
Transfers to stage 2- - - - 
Transfers to stage 3- (18,211)18,211 - 
Assets derecognised or matured (excluding write-off)(653)- - (653)
Changes in measument of financial assets(4,418)441 (1,175)(5,152)
Write-off- - - - 
Other adjustments- - - - 
At December 31, 202577,805 - 17,036 94,841 
Commercial loansStage 1 Stage 2Stage 3TOTAL
 MCh$ MCh$MCh$MCh$
ECL allowance at January 1, 20251,141 - - 1,141 
New financial assets originated147   147 
Transfers to stage 1(590)676 - 86 
Transfers to stage 2- - - - 
Transfers to stage 3- (318)4,291 3,973 
Assets derecognised or matured (excluding write-off)- - - - 
Changes due to changes un credit risk(502)(358)- (860)
Write-off- - - - 
Other adjustments- - - - 
At December 31, 2025196 - 4,291 4,487 
The changes in the fair value and the corresponding ECL of commercial loans as of December 31, 2024 is as follows:
Commercial loansStage1 Stage2Stage3TOTAL
MCh$ MCh$MCh$MCh$
Balance as of January 1, 2024105,382 - - 105,382 
New financial assets originated36,909   36,909 
Transfers to stage 1- - - - 
Transfers to stage 2- - - - 
Transfers to stage 3- - - - 
Assets derecognised or matured (excluding write-off)(89,808)- - (89,808)
Changes in measument of financial assets3,663 - - 3,663 
Write-off- - - - 
Other adjustments- - - - 
At December 31, 202456,146 - - 56,146 
NOTE 06 – FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME, continued
Commercial loansStage 1 Stage 2Stage 3TOTAL
MCh$ MCh$MCh$MCh$
ECL allowance at January 1, 2024125 - - 125 
New financial assets originated148   148 
Transfers to stage 1- - - - 
Transfers to stage 2- - - - 
Transfers to stage 3- - - - 
Assets derecognised or matured (excluding write-off)(29)- - (29)
Changes due to changes un credit risk897 - - 897 
Write-off- - - - 
Other adjustments- - - - 
At December 31, 20241,141 - - 1,141 
The changes in the fair value and the corresponding ECL of mortgage loans as of December 31, 2025 is as follows:
Mortgage loansStage 1 Stage 2Stage 3TOTAL
 MCh$ MCh$MCh$MCh$
Balance as of January 1, 202519,921 - - 19,921 
New financial assets originated251,444 251,444 
Transfers to stage 15,016 (5,016)- - 
Transfers to stage 2(5,141)5,141 - - 
Transfers to stage 3- - - - 
Assets derecognised or matured (excluding write-off)(37,630)(918)- (38,548)
Changes in measument of financial assets(32,202)793 - (31,409)
Write-off- - - - 
Other adjustments- - - - 
At December 31, 2025201,408 - - 201,408 
During 2025, the Bank carried out the sale of 276 housing portfolio transactions at fair value with effects on other comprehensive income, for an amount of approximately $38,548 million, generating an effect on results of approximately $1,469 million.
Mortgage loansStage 1 Stage 2Stage 3TOTAL
 MCh$ MCh$MCh$MCh$
ECL allowance at January 1, 202523 - - 23 
New financial assets originated183 - - 183 
Transfers to stage 119 (86)- (67)
Transfers to stage 2(28)99 - 71 
Transfers to stage 3- - - - 
Assets derecognised or matured (excluding write-off)(8)(2)- (10)
Changes due to changes un credit risk11 (2)- 9 
Write-off(24)(9)- (33)
Other adjustments- - - - 
At December 31, 2025176 - - 176 
NOTE 06 – FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME, continued
The changes in the fair value and the corresponding ECL of mortgage loans as of December 31, 2024 is as follows:
Mortgage loansStage 1 Stage 2Stage 3TOTAL
 MCh$ MCh$MCh$MCh$
Balance as of January 1, 2024- - - - 
New financial assets originated21,060 21,060 
Transfers to stage 1- - - - 
Transfers to stage 2- - - - 
Transfers to stage 3- - - - 
Assets derecognised or matured (excluding write-off)- - - - 
Changes in measument of financial assets(1,139)- - (1,139)
Write-off- - - - 
Other adjustments- - - - 
At December 31, 202419,921 - - 19,921 
Mortgage loansStage 1 Stage 2Stage 3TOTAL
 MCh$ MCh$MCh$MCh$
ECL allowance at January 1, 2024- - - - 
New financial assets originated22 - - 22 
Transfers to stage 1- - - - 
Transfers to stage 2- - - - 
Transfers to stage 3- - - - 
Assets derecognised or matured (excluding write-off)- - - - 
Changes due to changes un credit risk1 - - 1 
Write-off- - - - 
Other adjustments- - - - 
At December 31, 202423 - - 23 
The following charts show debt instruments at fair value through other comprehensive income cumulative unrealized losses, as of December 31, 2025:
Less than 12 months More than 12 monthsTotal
2025Amortised
 cost		Fair valueUnrealized
profit		Unrealized
 loss 		Amortised
 cost		Fair valueUnrealized
profit		Unrealized
 loss		Amortised
 cost		Fair valueUnrealized
profit		Unrealized
 loss
MCh$MCh$MCh$MCh$ MCh$MCh$MCh$MCh$MCh$MCh$MCh$MCh$
Chilean Central Bank and Government securities- - - - 
Chilean Central Bank financial instruments- - - - - - - - - - - - 
Chilean Treasury bonds and notes2,872,436 2,825,238 22,421 (69,619)- - - - 2,872,436 2,825,238 22,421 (69,619)
Other Chilean government financial instruments- - - - - - - - - - - - 
Subtotal2,872,436 2,825,238 22,421 (69,619)- - - - 2,872,436 2,825,238 22,421 (69,619)
             
Other Chilean debt financial securities            
Chilean Bank debt financial instruments3,450 3,484 34 - - - - - 3,450 3,484 34 - 
Other Chilean financial instruments- - - - - - - - - - - - 
Subtotal3,450 3,484 34 - - - - - 3,450 3,484 34 - 
             
Foreign financial debt securities            
Foreign debt financial instruments of governments and fiscal entities769,747 769,644 1,278 (1,381)- - - - 769,747 769,644 1,278 (1,381)
Other foreign debt financial instruments- - - - - - - - - - - - 
Subtotal769,747 769,644 1,278 (1,381)- - - - 769,747 769,644 1,278 (1,381)
Loans and account receivable from customer            
Commercial loans90,248 90,354 106 - - - - - 90,248 90,354 106 - 
Mortgage loans236,742 201,232 - (35,510)236,742 201,232 - (35,510)
Subtotal326,990 291,586 106 (35,510)- - - - 326,990 291,586 106 (35,510)
         
Total3,972,623 3,889,952 23,839 (106,510)- - - - 3,972,623 3,889,952 23,839 (106,510)
NOTE 06 – FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME, continued
The following charts show debt instruments at fair value through other comprehensive income cumulative unrealized losses, as of December 31, 2024:
 Less than 12 months More than 12 monthsTotal
2024Amortised
 cost		Fair valueUnrealized
profit		Unrealized
 loss 		Amortised
 cost		Fair valueUnrealized
profit		Unrealized
 loss		Amortised
 cost		Fair valueUnrealized
profit		Unrealized
 loss
 MCh$MCh$MCh$MCh$ MCh$MCh$MCh$MCh$MCh$MCh$MCh$MCh$
Chilean Central Bank and Government instruments- - - - 
Chilean Central Bank financial instruments199,943 199,903 3 (43)- - - - 199,943 199,903 3 (43)
Chilean Treasury bonds and notes1,350,122 1,273,701 16,609 (93,030)- - - - 1,350,122 1,273,701 16,609 (93,030)
Other Chilean government financial instruments- - - - - - - - - - - - 
Subtotal1,550,065 1,473,604 16,612 (93,073)- - - - 1,550,065 1,473,604 16,612 (93,073)
             
Other Chilean debt financial securities            
Chilean Bank debt financial instruments5,023 5,006 7 (24)- - - - 5,023 5,006 7 (24)
Other Chilean financial instruments- - - - - - - - 
Subtotal5,023 5,006 7 (24)- - - - 5,023 5,006 7 (24)
             
Foreign financial debt instruments            
Debt financial instruments of foreign governments and fiscal entities1,002,107 1,001,105 2,903 (3,905)- - - - 1,002,107 1,001,105 2,903 (3,905)
Other foreign debt financial instruments207,770 207,770 - - - - - - 207,770 207,770 - - 
Subtotal1,209,877 1,208,875 2,903 (3,905)- - - - 1,209,877 1,208,875 2,903 (3,905)
Loans and account receivable from customer            
Commercial loans53,914 55,005 1,091 - - - - - 53,914 55,005 1,091 - 
Mortgage loans21,441 19,898 - (1,543)- - - - 21,441 19,898 - (1,543)
Subtotal75,355 74,903 1,091 (1,543)- - - - 75,355 74,903 1,091 (1,543)
     - - - -     
Total2,840,320 2,762,388 20,613 (98,545)- - - - 2,840,320 2,762,388 20,613 (98,545)