v3.25.4
Financial Liabilities at Amortised Cost
 12 Months Ended
Dec. 31, 2025
Financial Liabilities At Amortised Cost [Abstract]  
Financial Liabilities at Amortised Cost FINANCIAL LIABILITIES AT AMORTISED COST
 As of December 31,
 20252024
 MCh$MCh$
Deposits and other demand liabilities
Checking accounts11,674,317 11,898,457 
Demand accounts464,930 450,202 
Other demand deposits471,543 430,519 
Obligation related to payments cards provision30,148 35,196 
Other demand liabilities1,434,652 1,446,235 
Subtotal14,075,590 14,260,609 
Time deposits and other time liabilities  
Time deposits16,216,079 16,867,607 
Time savings account269,821 221,973 
Other time liabilities7,883 9,045 
Subtotal16,493,783 17,098,625 
Obligations under repurchase agreements  
Transactions with domestic banks662,793 – 
Transactions with foreign banks699,048 – 
Transactions with other Chilean entities225,245 276,588 
Transactions with other foreign entities1,168,157 
Subtotal2,755,243 276,588 
Interbank borrowings  
Loans from chilean financial institutions30,052 52,311 
Loans from foreign financial institutions3,404,185 4,285,636 
Loans from Chilean Central Bank– – 
Subtotal3,434,237 4,337,947 
Issue debt instruments  
Mortgage finance bonds55 220 
Senior bonds7,643,750 8,067,274 
Mortgage bond55,295 65,781 
Subtotal7,699,100 8,133,275 
Other financial liabilities  
Other domestic obligations193,693 200,337 
Foreign obligations30,628 204 
Subtotal224,321 200,541 
   
Total44,682,274 44,307,585 
NOTE 17 - FINANCIAL LIABILITIES AT AMORTISED COST, continued
a.Obligations under from repurchase agreements
The Bank raises funds by selling financial instruments and committing itself to buy them back at future dates, plus interest at a predetermined rate. As of December 31, 2025 and 2024, obligations related to instruments sold under repurchase agreements are as follows:
 As of December 31,
 20252024
 From 1 day to less than 3 months More than 3 months and less than 1 yearMore than 1 yearTotalFrom 1 day to less than 3 monthsMore than 3 months and less than 1 yearMore than 1 yearTotal
 MCh$MCh$MCh$MCh$MCh$MCh$MCh$MCh$
Transactions with domestic banks
Repurchase agreements with other banks- 662,793 - 662,793 - - 
Subtotal- 662,793 - 662,793 - - - - 
Transactions with foreign banks        
Repurchase agreements with other banks- 699,048 - 699,048 - - - 
Subtotal- 699,048 - 699,048 - - - - 
Transactions with other Chilean entities         
Repurchase agreements- 225,245 - 225,245 - 276,588 - 276,588 
Subtotal- 225,245 - 225,245 - 276,588 - 276,588 
Transactions with other foreign entities        
Repurchase agreements- 593,788 574,369 1,168,157 - - - - 
Subtotal- 593,788 574,369 1,168,157 - - - - 
Total- 2,180,874 574,369 2,755,243 - 276,588 - 276,588 
NOTE 17 - FINANCIAL LIABILITIES AT AMORTISED COST, continued
b.Interbank borrowings
As of December 31, 2025 and 2024 the Interbank borrowings are as follows:
 As of December 31,
 20252024
 MCh$MCh$
Loans from Chilean Central Bank
Other liabilities with Chilean Central Bank- - 
Subtotal- - 
Loans from chilean financial institutions
Commercial interbank loans30,052 52,311 
Subtotal30,052 52,311 
Loans from foreign financial institutions
State Bank Of India503,802 776,749 
International Finance Corporate489,946 296,139 
Hong Kong and Shanghai Banking378,852 397,288 
Wells Fargo Bank NA371,999 538,546 
Citibank N.A.190,226 385,461 
Bank of America180,301 179,688 
Standard Chartered Bank147,040 161,666 
Commerzbank Ag133,285 151,921 
The Bank Of New York Mellon133,014 220,051 
Zurcher Kantonalbank127,768 148,656 
Caixabank Sa113,522 127,882 
JPMorgan Chase Bank92,236 52,224 
Banco de Desarrollo de América Latina y el Caribe92,096 101,000 
Sumitomo Mitsui Banking Corporation90,322 249,618 
Banco Santander89,375 - 
Agricultural Bank Of China81,336 3,034 
Instituto De Credito Oficial49,881 5,519 
Banco Bilbao Vizcaya Argentaria46,070 150,848 
Lloyds Bank Plc27,750 30,087 
Banco Santander Singapur15,605 29,132 
Bank Of China13,672 1,738 
Banco Santander Hong Kong10,903 55,982 
Abanca Corporacion Bancaria S.A.9,267 25,351 
CORFO3,288 - 
China Merchants Bank3,056 300 
Santander Madrid2,668 - 
Industrial And Commercial Bank2,341 471 
China Construction Bank1,266 75 
China CITIC Bank1,137 - 
Bnp Paribas Sa287 51,235 
Banco Santander Mexico263 - 
Industrial Bank of Korea262 - 
Shanghai Pudong Development Bank250 - 
Banco De Sabadell S.A.220 - 
Bancomer S.A.200 - 
Banco Santander Brasil143 - 
Continued…
NOTE 17 - FINANCIAL LIABILITIES AT AMORTISED COST, continued
 As of December 31,
Continued...20252024
 MCh$MCh$
Loans from foreign financial institutions, continued
Santander UK plc132 - 
Credit Agricole Italia SPA73 - 
Korea Exchange Bank70 171 
Kbc Bank Nv57 274 
Wachovia Bank Na55 163 
Taiwan Cooperative Bank Ltd49 - 
Bank Of Communications36 157 
Bank for Investment and Development35 134 
Export-Import Bank of Thailand29 - 
Saudi National Bank- 103,009 
Bank Of Baroda- 19,900 
DZ Bank AG Deutsche Zentral-Genossenschaftsbank- 14,918 
Dresdner Bank Frankfurt- 3,243 
Banco De La Provincia De Buenos Aires- 865 
Mufg Bank, Ltd.- 460 
Cassa Di Risparmio Di Parma E- 414 
Itau Unibanco S/A- 262 
Banco Santander Central Hispano- 209 
Turkiye Garanti Bankasi- 187 
The Industrial And Commercial- 152 
Shinhan Bank- 139 
Finansbank A.S.- 90 
Hua Nan Commercial Bank, Ltd.- 71 
Arab Bank Plc - 40 
Intesa Sanpaolo Spa- 30 
Icici Bank Limited- 28 
National Bank Of Greece S.A.- 21 
Deutsche Bank Ag- 18 
Unicredit Bulbank Ad- 18 
Santander Madrid Rrhh Convenio Social- 2 
Subtotal3,404,185 4,285,636 
Total3,434,237 4,337,947 
i.Loans from Chilean financial institutions
These obligations’ maturities are as follows:
 As of December 31,
 20252024
 MCh$MCh$
Due within 1 year30,052 12,311 
Due within 1 and 2 year- 40,000 
Due within 2 and 3 year- - 
Due within 3 and 4 year- - 
Due after 5 years- - 
Total loans from Chilean financial institutions30,052 52,311 
NOTE 17 - FINANCIAL LIABILITIES AT AMORTISED COST, continued
ii.Foreign obligations
 As of December 31,
 20252024
 MCh$MCh$
Due within 1 year2,513,436 3,353,155 
Due within 1 and 2 year369,126 630,918 
Due within 2 and 3 year289,966 197,765 
Due within 3 and 4 year- - 
Due after 4 to 5 years223,890 - 
Due after 5 years7,767 103,798 
Total loans from foreign financial institutions3,404,185 4,285,636 
c.Issued debt instruments
Debts classified as current are either demand obligations or will mature in one year or less. All other debts are classified as non-current, The Bank’s debts, both current and non-current, are summarised below:
As of December 31, 2025As of December 31, 2024
CurrentNon-currentTotalCurrentNon-currentTotal
MCh$MCh$MCh$MCh$MCh$MCh$
Mortgage finance bonds55 - 55 213 7 220 
Senior bonds2,365,010 5,278,740 7,643,750 2,646,294 5,420,980 8,067,274 
Mortgage bond- 55,295 55,295 - 65,781 65,781 
Issued debt instruments2,365,065 5,334,035 7,699,100 2,646,507 5,486,768 8,133,275 
     
Other financial liabilities224,321 - 224,321 200,541 - 200,541 
     
Total2,589,386 5,334,035 7,923,421 2,847,048 5,486,768 8,333,816 
i.Mortgage finance bonds
These bonds are used to finance mortgage loans. Their principal amounts are amortised on a quarterly basis. The range of maturities of these bonds is between five and twenty years, Loans are indexed to UF and create a yearly interest yield of 5.17% as of December 31, 2025 (5.18% as of December 31, 2024).
 As of December 31,
 20252024
 MCh$MCh$
Due within 1 year55 213 
Due after 1 year but within 2 years- 7 
Due after 2 year but within 3 years- - 
Due after 3 year but within 4 years- - 
Due after 4 year but within 5 years- - 
Due after 5 years- - 
Total mortgage finance bonds55 220 
NOTE 17 - FINANCIAL LIABILITIES AT AMORTISED COST, continued
ii.Senior bonds
The following table shows senior bonds by currency:
 As of December 31,
 20252024
 MCh$MCh$
Santander bonds in UF3,822,554 3,830,030 
Santander bonds in USD1,410,129 1,971,887 
Santander bonds in CHF917,621 866,942 
Santander bonds in Ch$1,066,919 827,738 
Santander bonds in AUD91,224 93,244 
Current bonds in JPY177,332 296,831 
Santander bonds in EUR157,971 180,602 
Total senior bonds7,643,750 8,067,274 
1.Placement of senior bonds
In 2025, the Bank issued bonds for UF 17,540,000, CLP 328,550,000,000, CHF 140,000,000, JPY 14,000,000,000 and USD 20,000,000, detailed as follows:
SeriesCurrencyAmountTerm
(years)		Issuance rate
(% annual)		Issuance datePlacement dateMaturity date
BSTD180624UF1,300,000 1.92.00%01-10-202501-13-202512-01-2026
BSTD180624UF1,700,000 1.82.00%02-03-202502-04-202512-01-2026
BSTD230822UF100,000 63.00%02-04-202502-05-202502-01-2031
BSTD230822UF200,000 63.00%02-05-202502-06-202502-01-2031
BSTD120923UF800,000 8.63.00%02-06-202502-07-202509-01-2033
BSTD151023UF1,385,000 2.62.00%02-17-202502-18-202510-01-2027
BSTDA61022UF600,000 12.53.00%03-28-202503-31-202510-01-2037
BSTD120923UF3000008.43.00%03-28-202503-31-202509-01-2033
BSTD120923UF500,000 8.43.00%04-01-202504-02-202509-01-2033
BSTD120923UF100,000 8.43.00%04-02-202504-03-202509-01-2033
BSTD120923UF500,000 8.43.00%04-08-202504-10-202509-01-2033
BSTD230822UF620,000 5.83.00%04-09-202504-10-202502-01-2031
BSTD120923UF20,000 8.43.00%04-09-202504-10-202509-01-2033
BSTD211024UF35000022.00%04-09-202504-10-202504-01-2027
BSTD211024UF200,000 22.00%04-10-202504-11-202504-01-2027
BSTD120923UF7800008.43.00%04-15-202504-16-202509-01-2033
BSTD230822UF180,000 5.83.00%04-15-202504-16-202502-01-2031
BSTDA61022UF1,365,000 12.53.00%04-16-202504-17-202510-01-2037
BSTDA61022UF350,000 12.43.00%04-23-202504-24-202510-01-2037
BSTD211024UF148,000 2.32.00%04-24-202504-25-202504-01-2027
BSTD211024UF2,000 1.82.00%04-24-202504-25-202504-01-2027
BSTDA61022UF100,000 12.43.00%05-06-202505-07-202510-01-2037
BSTD211024UF200,000 1.92.00%05-12-202505-13-202504-01-2027
BSTD230822UF510,000 5.52.65%08-07-202508-08-202502-01-2031
BSTD211024UF1,200,000 1.62.30%08-20-202508-21-202504-01-2027
6XBSTD230822UF100,000 5.32.65%10-01-202510-02-202502-01-2031
continued
NOTE 17 - FINANCIAL LIABILITIES AT AMORTISED COST, continued
SeriesCurrencyAmountTerm
(years)		Issuance rate
(% annual)		Issuance datePlacement dateMaturity date
7XBSTD230822UF150,000 5.32.6510-01-202510-03-202502-01-2031
8XBSTD230822UF300,000 5.32.6510-01-202510-02-202502-01-2031
9XBSTD230822UF150,000 5.32.6510-07-202510-08-202502-01-2031
10BSTD230822UF400,000 5.32.6510-08-202510-09-202502-01-2031
11BSTD230822UF100,000 5.32.6510-08-202510-10-202502-01-2031
12BSTD230822UF200,000 5.32.6510-10-202510-13-202502-01-2031
6XBSTD210622UF530,000 4.12.7510-20-202510-21-202512-01-2029
13BSTD230822UF400,000 5.32.6510-21-202510-22-202502-01-2031
0XBSTDBA0225UF400,000 6.83.0010-23-202510-24-202508-01-2032
14BSTD230822UF300,000 5.32.6510-27-202510-28-202502-01-2031
1XBSTD220425UF800,000 14.43.0010-28-202510-30-202504-01-2040
2XBSTD220425UF200,000 14.43.0010-28-202510-30-202504-01-2040
Total UF 17,540,000      
BSTD110723CLP50,000,000,000 2.26.0005-02-202505-03-202507-01-2027
BSTDA91122CLP30,300,000,000 5.56.0005-14-202505-15-202511-01-2030
BSTD170624CLP3,000,000,000 36.0005-16-202505-17-202506-01-2028
BSTDA21222CLP77,750,000,000 4.06.0005-16-202505-17-202506-01-2029
BSTD170624CLP10,000,000,000 36.0005-20-202505-22-202506-01-2028
BSTD170624CLP5,000,000,000 36.0005-22-202505-23-202506-01-2028
BSTDA40922CLP90,000,000,000 7.86.0005-22-202505-23-202503-01-2033
BSTD170624CLP20,000,000,000 3.06.0006-11-202506-13-202506-01-2028
1XBSTDBI0525CLP40,000,000,000 2.56.1011-12-202511-13-202505-01-2028
2XBSTDBI0525CLP2,500,000,000 2.46.1011-20-202511-21-202505-01-2028
Total CLP 328,550,000,000      
Bono CHF BNP & ZKBCHF140,000,000 5.31.1905-12-202505-30-202508-29-2030
Total CHF 140,000,000      
Bono JPY Santander SAJPY4,000,000,000 20.02.8004-24-202504-29-202504-28-2045
Bono JPY Daiwa ESGJPY10,000,000,000 3.01.5007-02-202507-10-202507-10-2028
Total JPY14,000,000,000 
Bono USD SOFR DaiwaUSD10,000,000 5.05.0506-06-202506-13-202506-13-2030
XS3257573298USD10,000,000 54.7012-17-202512-29-202512-29-2030
Total USD20,000,000 
NOTE 17 - FINANCIAL LIABILITIES AT AMORTISED COST, continued
In 2024, the Bank issued bonds for UF 21,302,000, CLP 145,550,000,000 and USD 225,000,000, detailed as follows:
SeriesCurrencyAmountTerm
(years)		Issuance rate
(% annual)		Issuance datePlacement dateMaturity date
AA13UF1,795,000 7.5 years3.4009-01-202301-03-202409-01-2029
AA14UF4,567,000 9 years3.3012-01-202302-07-202412-01-2028
W3UF3,160,000 6 years1.6012-01-201801-04-202406-01-2026
AA15UF1,615,000 9 years3.2010-01-202305-09-202411-01-2030
AA16UF3,000,000 6 years3.2004-01-202407-05-202410-01-2026
T21UF2,165,000 9 years2.7506-01-202207-08-202412-01-2029
T19UF5,000,000 6 years2.6508-01-202210-17-202408-01-2033
Total UF21,302,000 
AA7CLP7,350,000,000 5.5 years6.8002-24-202301-04-202408-01-2026
AA10CLP25,000,000,000 5.5 years7.1003-01-202303-25-202403-01-2026
AA8CLP67,500,000,000 3.5 years6.7003-01-202301-05-202409-01-2027
AA2CLP4,000,000,000 6 years6.2012-01-202201-11-202406-01-2029
AA9CLP41,700,000,000 8 years6.3011-01-202201-05-202411-01-2030
Total CLP145,550,000,000 
Bonos CHFCHF225,000,000 1 year1.6001-11-202401-25-202401-25-2027
Total CHF225,000,000 
2.Repurchase of senior bonds
During 2025, the Bank repurchased the following bonds:
DateTypeCurrencyAmount
July 2025SeniorUF1,000,000 
July 2025SeniorUF110,000 
During 2024, the Bank repurchased the following bonds:
DateTypeCurrencyAmount
January 2024SeniorCLP1,270,000,000 
January 2024SeniorUF2,137,000 
January 2024SeniorUSD18,368,000 
March 2024SeniorCLP310,000,000 
March 2024SeniorJPY10,500,000,000 
March 2024Senior
UF
932,000 
June 2024SeniorUF216,000 
October 2024SeniorUF4,365,000 
November 2024SeniorUSD4,938,000 
NOTE 17 - FINANCIAL LIABILITIES AT AMORTISED COST, continued
3.The maturities of senior bonds are as follows:
 As of December 31,
 20252024
 MCh$MCh$
Due within 1 year2,365,011 2,646,294 
Due after 1 year but within 2 years1,215,822 1,329,369 
Due after 2 year but within 3 years750,329 991,289 
Due after 3 year but within 4 years642,855 600,858 
Due after 4 year but within 5 years562,375 530,873 
Due after 5 years2,107,358 1,968,591 
Total senior bonds7,643,750 8,067,274 
iii.Mortgage bonds
Detail of mortgage bonds per currency is as follows:
 As of December 31,
 20252024
 MCh$MCh$
Mortgage bonds in UF55,29565,781
Total mortgage bonds55,29565,781
1.Allocation of mortgage bonds
During 2025 and 2024, the Bank has not placed any mortgage bonds.
2.The maturities of Mortgage bonds are as follows
 As of December 31,
 20252024
 MCh$MCh$
Due within 1 year- - 
Due after 1 year but within 2 years- - 
Due after 2 year but within 3 years28,984 - 
Due after 3 year but within 4 years- 36,950 
Due after 4 year but within 5 years- - 
Due after 5 years26,311 28,831 
Total Mortgage bonds55,295 65,781 
NOTE 17 - FINANCIAL LIABILITIES AT AMORTISED COST, continued
d.Other financial liabilities
The composition of other financial obligations, by maturity, is detailed below:
 As of December 31,
 20252024
 MCh$MCh$
Non-current portion
Due after 1 year but within 2 years- - 
Due after 2 year but within 3 years- - 
Due after 3 year but within 4 years- - 
Due after 4 year but within 5 years- - 
Due after 5 years- - 
Non-current portion subtotal- - 
Current portion  
Amounts due to credit card operators192,107 198,633 
Acceptance of letters of credit30,628 204 
Other long-term financial obligations, short-term portion1,586 1,704 
Current portion subtotal224,321 200,541 
   
Total other financial liabilities224,321 200,541