v3.25.4
Financial Assets at Amortised Cost (Tables)
 12 Months Ended
Dec. 31, 2025
Financial Assets at Amortised Cost [Abstract]  
Schedule of Interbank Loans and Loans and Account Receivable from Customers
As of December 31, 2025 and 2024 the composition and balances are as follows:
As of December 31,
20252024
MCh$MCh$
Rights under repurchase agreements
Foreign banks transactions277,410–
Other Chilean entities transactions150,736153,135
Impairment on rights under repurchase agreements (163)(48)
Subtotal427,983153,087
Debt financial instruments
Chilean Central Bank and Government instruments5,098,5974,852,552
Foreign debt financial instruments427,790324,527
Impairment on debt financial instruments(1,145)(1,074)
Subtotal5,525,2425,176,005
Interbank loans  
Foreign banks68,17631,282
Subtotal68,17631,282
Loans and account receivable from customers  
Commercial loans16,723,42917,135,751
Mortgage loans17,194,11017,333,399
Consumer loans5,724,7075,630,722
Subtotal39,642,24640,099,872
Total45,663,64745,460,246
Schedule of Amortized Value and the Corresponding ECL
The Bank as of December 31, 2025 and 2024 presents the following balances:
As of December 31, 2025As of December 31, 2024
On demandUp to 1 monthsBetween 1 month and 3 monthsBetween 3 month and 12 monthsTotalOn demandUp to 1 monthsBetween 1 month and 3 monthsBetween 3 month and 12 monthsTotal
MCh$MCh$MCh$MCh$MCh$MCh$MCh$MCh$MCh$MCh$
Foreign banks transactions
Other banks transactions– 277,410 – – 277,410 – – – – – 
Foreign Central banks transactions– – – – – – – – – – 
Rights under lending agreements– – – – – – – – – – 
Subtotal– 277,410 – – 277,410 – – – – – 
Other local entities transactions
Repurchase agreements– 95,643 27,120 27,973 150,736 – 107,359 45,776 – 153,135 
Rights under lending agreements– – – – – – – – – – 
Subtotal– 95,643 27,120 27,973 150,736 – 107,359 45,776 – 153,135 
Total– 373,053 27,120 27,973 428,146 – 107,359 45,776 – 153,135 
Stage1
MCh$		Stage2
MCh$		Stage3
MCh$		TOTAL
MCh$
Balance as of January 1, 2025153,135 – – 153,135 
Changes in measurement of financial assets(14,045)– – (14,045)
Transfers to stage 1– – – – 
Transfers to stage 2– – – – 
Transfers to stage 3– – – – 
New transactions5,723,236 – – 5,723,236 
Maturity transactions(5,434,180)– – (5,434,180)
At December 31, 2025428,146 – – 428,146 
Stage1
MCh$		Stage2
MCh$		Stage3
MCh$		TOTAL
MCh$
ECL as of January 1, 202548 – – 48 
Changes in measurement of financial assets20 – – 20 
Transfers to stage 1– – – – 
Transfers to stage 2– – – – 
Transfers to stage 3– – – – 
New transactions1,204––1,204 
Maturity transactions(1,109)– – (1,109)
At December 31, 2025163 – – 163 
The changes in the carrying amount and the corresponding ECL of Rights under repurchase agreements as of December 31, 2024 is as follows:
Stage1
MCh$		Stage2
MCh$		Stage3
MCh$		TOTAL
MCh$
Balance as of January 1, 2024– – – – 
Changes in measurement of financial assets(79,924)– – (79,924)
Transfers to stage 1– – – – 
Transfers to stage 2– – – – 
Transfers to stage 3– – – – 
New transactions451,449 – – 451,449 
Maturity transactions(218,390)– – (218,390)
At December 31, 2024153,135 – – 153,135 
Stage1
MCh$		Stage2
MCh$		Stage3
MCh$		TOTAL
MCh$
ECL as of January 1, 2024– – – – 
Changes in measurement of financial assets(26)– – (26)
Transfers to stage 1– – – – 
Transfers to stage 2– – – – 
Transfers to stage 3–00– 
New transactions133 – – 133 
At December 31, 202448 – – 48 
The changes in the carrying amount and the corresponding ECL as of December 31, 2025 is as follows:
 Stage1
MCh$		Stage2
MCh$		Stage3
MCh$		TOTAL
MCh$
Balance as of January 1, 20255,177,079 - - 5,177,079 
Changes in measurement of financial assets133,181 - - 133,181 
Transfers to stage 1- - - - 
Transfers to stage 2- - - - 
Transfers to stage 3- - - - 
New transactions- - - - 
Maturity transactions216,127 - - 216,127 
At December 31, 20255,526,387 - - 5,526,387 
Stage1
MCh$		Stage2
MCh$		Stage3
MCh$		TOTAL
MCh$
ECL as of January 1, 20251,074 - - 1,074 
Changes in measurement of financial assets43 - - 43 
Transfers to stage 1- - - - 
Transfers to stage 2- - - - 
Transfers to stage 3- - - - 
New transactions28 - - 28 
Maturity transactions- - - - 
At December 31, 20251,145 - - 1,145 
NOTE 08 - FINANCIAL ASSETS AT AMORTISED COST, continued
The changes in the carrying amount and the corresponding ECL as of December 31, 2024 is as follows:
Stage1
MCh$		Stage2
MCh$		Stage3
MCh$		TOTAL
MCh$
Balance as of January 1, 20248,178,624 - - 8,178,624 
Changes in measurement of financial assets(1,276,804)- - (1,276,804)
Transfers to stage 1- - - - 
Transfers to stage 2- - - - 
Transfers to stage 3- - - - 
New transactions5,945,707 - - 5,945,707 
Maturity transactions(7,670,448)- - (7,670,448)
At December 31, 20245,177,079 - - 5,177,079 
Stage1
MCh$		Stage2
MCh$		Stage3
MCh$		TOTAL
MCh$
ECL at January 1, 20241,729 - - 1,729 
Changes in measurement of financial assets1,256 - - 1,256 
Transfers to stage 1- - - - 
Transfers to stage 2- - - - 
Transfers to stage 3- - - - 
New transactions(1,621)- - (1,621)
Maturity transactions(290)- - (290)
At December 31, 20241,074 - - 1,074 
Schedule of Debt Instruments at Amortized Cost
The detail of the instruments classified as Debt instruments at amortised cost is as follows:
As of December 31,
20252024
MCh$MCh$
Chilean Central Bank and Government securities
Chilean Central Bank financial instruments- - 
Chilean Treasury bonds and notes5,098,597 4,852,552 
Other Chilean government financial instruments- - 
Subtotal5,098,597 4,852,552 
of which sold under repurchase agreement1,267,464 - 
Foreign debt financial instruments
Other foreign debt financial instruments427,790 324,527 
Subtotal427,790 324,527 
Expected credit loss allowance(1,145)(1,074)
Total5,525,242 5,176,005 
Schedule of Interbank Loans and Loans and Account Receivable from Customers Interbank Loans and Loans and account receivable from customers
Assets before allowancesECL allowance
As of December 31, 2025Stage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3TotalNet Assets
MCh$MCh$MCh$MCh$MCh$MCh$MCh$MCh$MCh$
Interbank loans
Foreign banks68,178 - - 68,178 2 - - 2 68,176 
Subtotal68,178 - - 68,178 2 - - 2 68,176 
Commercial loans
Commercial loans11,031,947 1,118,778 1,139,900 13,290,625 49,495 59,382 433,426 542,303 12,748,322 
Foreign trade loans1,688,276 63,585 34,452 1,786,313 2,827 13,768 17,692 34,287 1,752,026 
Checking accounts debtors96,594 3,989 7,625 108,208 1,207 324 4,312 5,843 102,365 
Credit card debtors120,497 23,085 10,629 154,211 1,779 1,933 6,072 9,784 144,427 
Factoring transactions922,310 6,534 8,801 937,645 444 30 3,210 3,684 933,961 
Leasing transactions825,526 106,745 43,475 975,746 2,881 6,686 21,736 31,303 944,443 
Student loans18,923 4,089 6,758 29,770 640 357 5,293 6,290 23,480 
Other loans and accounts receivable65,812 5,103 10,402 81,317 1,518 716 4,678 6,912 74,405 
Subtotal14,769,885 1,331,908 1,262,042 17,363,835 60,791 83,196 496,419 640,406 16,723,429 
Mortgage loans
Loans with mortgage finance bonds- - 14 14 - - 3 3 11 
Endorsable mortgage mutual loans205 28 17 250 6 15 5 26 224 
Mortgage mutual financed with mortgage bonds65,814 8,950 2,444 77,208 180 704 383 1,267 75,941 
Other mortgage mutual loans14,316,203 1,938,971 1,007,345 17,262,519 16,155 62,676 166,705 245,536 17,016,983 
Other credit and account receivable88,198 6,877 8,497 103,572 171 400 2,050 2,621 100,951 
Subtotal14,470,420 1,954,826 1,018,317 17,443,563 16,512 63,795 169,146 249,453 17,194,110 
Consumer loans
Installment consumer loans3,047,626 511,715 297,027 3,856,368 49,576 60,756 163,881 274,213 3,582,155 
Checking account debtors99,796 30,772 6,770 137,338 865 1,329 4,446 6,640 130,698 
Credit card debtors1,677,720 352,897 31,074 2,061,691 8,658 27,432 15,516 51,606 2,010,085 
Leasing transactions1,509 62 5 1,576 15 3 3 21 1,555 
Other consumer loans73 115 143 331 16 41 60 117 214 
Subtotal4,826,724 895,561 335,019 6,057,304 59,130 89,561 183,906 332,597 5,724,707 
Total34,135,207 4,182,295 2,615,378 40,932,880 136,435 236,552 849,471 1,222,458 39,710,422 
Assets before allowancesECL allowance
As of December 31, 2024Stage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3TotalNet Assets
MCh$MCh$MCh$MCh$MCh$MCh$MCh$MCh$MCh$
Interbank loans
Foreign banks31,283 - - 31,283 1 - - 1 31,282 
Subtotal31,283 - - 31,283 1 - - 1 31,282 
Commercial loans
Commercial loans11,129,607 1,128,481 1,111,355 13,369,443 61,045 57,949 460,787 579,781 12,789,662 
Foreign trade loans1,853,953 41,055 34,914 1,929,922 3,546 1,201 23,828 28,575 1,901,347 
Checking accounts debtors108,187 12,510 9,597 130,294 850 567 5,658 7,075 123,219 
Credit card debtors112,291 20,462 10,976 143,729 1,044 1,864 6,265 9,173 134,556 
Factoring transactions1,034,642 2,547 8,359 1,045,548 373 26 3,807 4,206 1,041,342 
Leasing transactions905,745 121,789 49,982 1,077,516 4,480 8,260 24,171 36,911 1,040,605 
Student loans21,301 7,421 9,524 38,246 584 1,339 6,650 8,573 29,673 
Other loans and accounts receivable66,371 5,951 14,134 86,456 1,384 950 8,775 11,109 75,347 
Subtotal15,232,097 1,340,216 1,248,841 17,821,154 73,306 72,156 539,941 685,403 17,135,751 
Mortgage loans         
Loans with mortgage finance bonds3 1 29 33 - - 9 9 24 
Endorsable mortgage mutual loans322 91 41 454 1 3 8 12 442 
Mortgage mutual financed with mortgage bonds71,502 10,885 3,264 85,651 36 315 741 1,092 84,559 
Other mortgage mutual loans14,632,127 1,923,310 840,641 17,396,078 10,260 59,668 153,442 223,370 17,172,708 
Other credit and account receivable58,702 10,645 8,206 77,553 50 344 1,493 1,887 75,666 
Subtotal14,762,656 1,944,932 852,181 17,559,769 10,347 60,330 155,693 226,370 17,333,399 
Consumer loans         
Installment consumer loans3,147,747 367,464 268,241 3,783,452 50,597 65,998 119,522 236,117 3,547,335 
Checking account debtors110,061 27,794 7,675 145,530 3,732 8,661 2,455 14,848 130,682 
Credit card debtors1,668,650 284,344 27,686 1,980,680 4,314 12,919 12,588 29,821 1,950,859 
Leasing transactions1,524 68 20 1,612 21 6 9 36 1,576 
Other consumer loans102 86 176 364 15 25 54 94 270 
Subtotal4,928,084 679,756 303,798 5,911,638 58,679 87,609 134,628 280,916 5,630,722 
Total34,954,120 3,964,904 2,404,820 41,323,844 142,333 220,095 830,262 1,192,690 40,131,154 
Schedule of Gross Carrying Amount Expected Credit Loss Loans to Consumers
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 changes in the gross carrying amount and the corresponding ECL allowance as of December 31, 2025, is as follows:
Stage 1Stage 2Stage 3
Corporate Other
commercial		CorporateOther
commercial		CorporateOther
commercial		TOTAL
MCh$ MCh$MCh$MCh$MCh$MCh$MCh$
Gross carrying amount at January 1, 202531,283 - - - - - 31,283 
Transfers:
Transfers from stage 1 to stage 2- - - - - - - 
Transfers from stage 1 to stage 3- - - - - - - 
Transfers from stage 2 to stage 3- - - - - - - 
Transfers from stage 2 to stage 1- - - - - - - 
Transfers from stage 3 to stage 2- - - - - - - 
Transfers from stage 3 to stage 1- - - - - - - 
Net changes of financial assets41,452 - - - - - 41,452 
Write-off- - - - - - - 
Other adjustments(4,557)- - - - - (4,557)
At December 31, 202568,178 - - - - - 68,178 
Stage 1Stage 2Stage 3
CorporateOther
commercial		CorporateOther
commercial		CorporateOther
commercial		TOTAL
MCh$MCh$MCh$MCh$MCh$MCh$MCh$
ECL allowance at January 1, 20251 - - - - - 1 
Transfers       
Transfers from stage 1 to stage 2- - - - - - - 
Transfers from stage 1 to stage 3- - - - - - - 
Transfers from stage 2 to stage 3- - - - - - - 
Transfers from stage 2 to stage 1- - - - - - - 
Transfers from stage 3 to stage 2- - - - - - - 
Transfers from stage 3 to stage 1- - - - - - - 
Net changes of the exposure and modifications in credit risk1 - - - - - 1 
Write-off- - - - - - - 
Other adjustments- - - - - - - 
At December 31, 20252 - - - - - 2 
NOTE 08 - FINANCIAL ASSETS AT AMORTISED COST, continued
The changes in the gross carrying amount and the corresponding ECL allowance as of December 31, 2024, is as follows:
Stage 1Stage 2Stage 3
CorporateOther commercialCorporateOther commercialCorporateOther commercialTOTAL
MCh$MCh$MCh$MCh$MCh$MCh$MCh$
Gross carrying amount at January 1, 202468,440 - - - - - 68,440 
Transfers:       
Transfers from stage 1 to stage 2- - - - - - - 
Transfers from stage 1 to stage 3- - - - - - - 
Transfers from stage 2 to stage 3- - - - - - - 
Transfers from stage 2 to stage 1- - - - - - - 
Transfers from stage 3 to stage 2- - - - - - - 
Transfers from stage 3 to stage 1- - - - - - - 
Net changes of financial assets(37,704)- - - - - (37,704)
Write-off- - - - - - - 
Other adjustments547 - - - - - 547 
At December 31, 202431,283 - - - - - 31,283 
Stage 1Stage 2Stage 3
CorporateOther
commercial		CorporateOther
commercial		CorporateOther
commercial		TOTAL
MCh$MCh$MCh$MCh$MCh$MCh$MCh$
ECL allowance at January 1, 20242 - - - - - 2 
Transfers       
Transfers from stage 1 to stage 2- - - - - - - 
Transfers from stage 1 to stage 3- - - - - - - 
Transfers from stage 2 to stage 3- - - - - - - 
Transfers from stage 2 to stage 1- - - - - - - 
Transfers from stage 3 to stage 2- - - - - - - 
Transfers from stage 3 to stage 1- - - - - - - 
Net changes of the exposure and modifications in credit risk(1)- - - - - (1)
Write-off- - - - - - - 
Other adjustments- - - - - - - 
At December 31, 20241 - - - - - 1 
The changes in the gross carrying amount and the corresponding ECL allowance as of December 31, 2025, is as follows:
Stage 1Stage 2Stage 3
CorporateOther
commercial		CorporateOther
commercial		CorporateOther
commercial		TOTAL
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Gross carrying amount at January 1, 202510,910,686 4,321,411 812,464 527,752 759,254 489,587 17,821,154 
Transfers:       
Transfers from stage 1 to stage 2(683,982)(1,234,836)683,982 1,234,836 - - - 
Transfers from stage 1 to stage 3(7,535)(24,471)- - 7,535 24,471 - 
Transfers from stage 2 to stage 3- - (208,689)(315,554)208,689 315,554 - 
Transfers from stage 2 to stage 1245,955 924,918 (245,955)(924,918)- - - 
Transfers from stage 3 to stage 2- - 19,127 120,031 (19,127)(120,031)- 
Transfers from stage 3 to stage 1- 1,230 - - - (1,230)- 
Net changes of financial assets(125,245)458,168 (264,086)(127,751)(93,807)(9,542)(162,263)
Write-off- - - - (108,438)(191,495)(299,933)
Other adjustments(31,650)15,236 (11,705)32,374 (8,992)9,614 4,877 
At December 31, 202510,308,229 4,461,656 785,138 546,770 745,114 516,928 17,363,835 

Stage 1Stage 2Stage 3*
Corporate Other
commercial 		Corporate Other
commercial		Corporate Other
commercial		TOTAL
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
ECL allowance at January 1, 202526,264 47,042 37,322 34,834 356,823 183,118 685,403 
Transfers       
Transfers from stage 1 to stage 2(6,611)(29,946)47,907 104,595 - - 115,945 
Transfers from stage 1 to stage 3(14)(1,312)- - 2,169 5,925 6,768 
Transfers from stage 2 to stage 3- - (17,701)(52,640)71,419 124,041 125,119 
Transfers from stage 2 to stage 1(168)10,970 (6,247)(58,402)- - (53,847)
Transfers from stage 3 to stage 2- - 4,588 10,719 (5,115)(26,731)(16,539)
Transfers from stage 3 to stage 1- 25 - - - (267)(242)
Net changes of the exposure and modifications in credit risk682 11,150 (16,183)(5,457)(3,387)92,587 79,392 
Write-off- - - - (108,438)(191,495)(299,933)
Other adjustments2,692 17 (192)53 (4,287)57 (1,660)
At December 31, 202522,845 37,946 49,494 33,702 309,184 187,235 640,406 
*ECL allowance of corporate loans in stage 3, includes MCh$151,682 from cash flow discounted methodology.
NOTE 08 - FINANCIAL ASSETS AT AMORTISED COST, continued
The changes in the gross carrying amount and the corresponding ECL allowance as of December 31, 2024, is as follows:
Stage 1Stage 2Stage 3
Corporate Other
commercial 		Corporate Other
commercial		Corporate Other
commercial		TOTAL
MCh$MCh$MCh$MCh$MCh$MCh$MCh$
Gross carrying amount at January 1, 202411,174,092 4,375,334 866,764 486,303 722,900 446,264 18,071,657 
Transfers:       
Transfers from stage 1 to stage 2(535,745)(1,108,548)535,745 1,108,548 - - - 
Transfers from stage 1 to stage 3(1,674)(24,780)- - 1,674 24,780 - 
Transfers from stage 2 to stage 3- - (162,278)(328,832)162,278 328,832 - 
Transfers from stage 2 to stage 1238,276 802,344 (238,276)(802,344)- - - 
Transfers from stage 3 to stage 2- - 15,818 161,388 (15,818)(161,388)- 
Transfers from stage 3 to stage 1- (4,471)- - - 4,471 - 
Net changes of financial assets356 326,487 (195,131)(117,497)2,469 (30,580)(13,896)
Write-off- - - - (113,299)(124,000)(237,299)
Other adjustments35,381 (44,955)(10,178)20,186 (950)1,208 692 
At December 31, 202410,910,686 4,321,411 812,464 527,752 759,254 489,587 17,821,154 

Stage 1Stage 2Stage 3* 
CorporateOther
commercial		CorporateOther
commercial		CorporateOther
commercial		TOTAL
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
ECL allowance at January 1, 202423,668 37,913 35,714 31,921 343,056 187,322 659,594 
Transfers
Transfers from stage 1 to stage 2(3,579)(27,395)11,418 90,547 - - 70,991 
Transfers from stage 1 to stage 3(8)(1,102)- - 212 4,967 4,069 
Transfers from stage 2 to stage 3- - (11,419)(46,020)54,694 102,745 100,000 
Transfers from stage 2 to stage 11,261 8,777 (6,304)(48,605)- - (44,871)
Transfers from stage 3 to stage 2- - 3,132 15,908 (5,738)(33,554)(20,252)
Transfers from stage 3 to stage 1- (341)- - - 1,538 1,197 
Net changes of the exposure and modifications in credit risk6,539 29,205 5,347 (9,481)78,060 43,907 153,577 
Write-off- - - - (113,299)(124,000)(237,299)
Other adjustments(1,617)(15)(566)564 (162)193 (1,603)
At December 31, 202426,264 47,042 37,322 34,834 356,823 183,118 685,403 
*ECL allowance of corporate loans in stage 3, includes MCh$165,935 from cash flow discounted methodology.
The changes in the gross carrying amount and the corresponding ECL allowance as of December 31, 2025, is as follows:
Stage1Stage2Stage3TOTAL
MCh$MCh$MCh$MCh$
Gross carrying amount at January 1, 202514,762,656 1,944,932 852,181 17,559,769 
Transfers:
Transfers from stage 1 to stage 2(3,761,615)3,761,615 - - 
Transfers from stage 1 to stage 3(36,203)- 36,203 - 
Transfers from stage 2 to stage 3- (570,669)570,669 - 
Transfers from stage 2 to stage 13,383,579 (3,383,579)- - 
Transfers from stage 3 to stage 2- 363,350 (363,350)- 
Transfers from stage 3 to stage 14,181 - (4,181)- 
Net changes of financial assets117,822 (160,823)(11,081)(54,082)
Write-off- - (62,124)(62,124)
Other adjustments- - - 
At December 31, 202514,470,420 1,954,826 1,018,317 17,443,563 
Stage 1Stage 2Stage 3TOTAL
MCh$MCh$MCh$MCh$
ECL allowance at January 1, 202510,347 60,330 155,693 226,370 
Transfers    
Transfers from stage 1 to stage 2(12,829)88,524 - 75,695 
Transfers from stage 1 to stage 3(335)- 12,651 12,316 
Transfers from stage 2 to stage 3- (38,888)85,767 46,879 
Transfers from stage 2 to stage 16,574 (79,047)- (72,473)
Transfers from stage 3 to stage 2- 23,536 (53,969)(30,433)
Transfers from stage 3 to stage 19 - (689)(680)
Net changes of the exposure and modifications in credit risk12,746 9,340 31,817 53,903 
Write-off(62,124)(62,124)
Other adjustments- - - - 
At December 31, 202516,512 63,795 169,146 249,453 
NOTE 08 - FINANCIAL ASSETS AT AMORTISED COST, continued
The changes in the gross carrying amount and the corresponding ECL allowance as of December 31, 2024, is as follows:
Stage 1Stage 2Stage 3TOTAL
MCh$MCh$MCh$MCh$
Gross carrying amount at January 1, 202414,635,723 1,713,185 724,531 17,073,439 
Transfers:    
Transfers from stage 1 to stage 2(3,369,333)3,369,333 - - 
Transfers from stage 1 to stage 3(35,377)- 35,377 - 
Transfers from stage 2 to stage 3- (628,525)628,525 - 
Transfers from stage 2 to stage 12,873,839 (2,873,839)- - 
Transfers from stage 3 to stage 2- 476,841 (476,841)- 
Transfers from stage 3 to stage 1- - - 
Net changes of financial assets654,681 (112,062)(15,611)527,008 
Write-off- (43,800)(43,800)
Other adjustments3,123 (1)- 3,122 
At December 31, 202414,762,656 1,944,932 852,181 17,559,769 
 Stage 1Stage 2Stage 3TOTAL
 MCh$MCh$MCh$MCh$
ECL allowance at January 1, 20248,651 53,371 154,111 216,133 
Transfers    
Transfers from stage 1 to stage 2(6,317)82,155 - 75,838 
Transfers from stage 1 to stage 3(152)- 2,088 1,936 
Transfers from stage 2 to stage 3- (31,271)69,241 37,970 
Transfers from stage 2 to stage 16,727 (72,900)- (66,173)
Transfers from stage 3 to stage 2- 39,601 (82,961)(43,360)
Transfers from stage 3 to stage 1- - - - 
Net changes of the exposure and modifications in credit risk1,438 (10,626)57,014 47,826 
Write-off- - (43,800)(43,800)
Other adjustments- - - - 
At December 31, 202410,347 60,330 155,693 226,370 
The changes in the gross carrying amount and the corresponding ECL allowance as of December 31, 2025, is as follows:
Stage 1Stage 2Stage 3TOTAL
MCh$MCh$MCh$MCh$
Gross carrying amount at January 1, 20254,928,084 679,756 303,798 5,911,638 
Transfers:    
Transfers from stage 1 to stage 2(2,340,745)2,340,745 - - 
Transfers from stage 1 to stage 3(60,627)- 60,627 - 
Transfers from stage 2 to stage 3- (423,803)423,803 - 
Transfers from stage 2 to stage 11,508,460 (1,508,460)- - 
Transfers from stage 3 to stage 2- 77,917 (77,917)- 
Transfers from stage 3 to stage 11,338 - (1,338)- 
Net changes of financial assets790,214 (270,594)(24,149)495,471 
Write-off(349,805)(349,805)
Other adjustments- 
At December 31, 20254,826,724 895,561 335,019 6,057,304 
 Stage 1Stage 2Stage 3TOTAL
 MCh$MCh$MCh$MCh$
ECL allowance at January 1, 202558,679 87,609 134,628 280,916 
Transfers:    
Transfers from stage 1 to stage 2(47,403)192,451 - 145,048 
Transfers from stage 1 to stage 3(6,469)- 30,684 24,215 
Transfers from stage 2 to stage 3- (150,076)218,261 68,185 
Transfers from stage 2 to stage 115,129 (93,140)- (78,011)
Transfers from stage 3 to stage 2- 14,741 (33,871)(19,130)
Transfers from stage 3 to stage 147 - (915)(868)
Net changes of the exposure and modifications in the credit risk39,147 37,976 184,924 262,047 
Write-off(349,805)(349,805)
Other adjustments- 
At December 31, 202559,130 89,561 183,906 332,597 
The changes in the gross carrying amount and the corresponding ECL allowance as of December 31, 2024, is as follows:
 Stage1Stage2Stage3TOTAL
 MCh$MCh$MCh$MCh$
Gross carrying amount at January 1, 20244,512,156 790,276 295,918 5,598,350 
Transfers:    
Transfers from stage 1 to stage 2(1,598,648)1,598,648 - - 
Transfers from stage 1 to stage 3(13,378)- 13,378 - 
Transfers from stage 2 to stage 3- (407,231)407,231 - 
Transfers from stage 2 to stage 11,120,827 (1,120,827)- - 
Transfers from stage 3 to stage 2- 56,750 (56,750)- 
Transfers from stage 3 to stage 1(55,724)- 55,724 - 
Net changes of financial assets962,821 (237,880)(58,336)666,605 
Write-off- - (353,290)(353,290)
Other adjustments30 20 (77)(27)
At December 31, 20244,928,084 679,756 303,798 5,911,638 
NOTE 08 - FINANCIAL ASSETS AT AMORTISED COST, continued
 Stage 1Stage 2Stage 3TOTAL
 MCh$MCh$MCh$MCh$
ECL allowance at January 1, 202457,429 83,897 132,936 274,262 
Transfers:    
Transfers from stage 1 to stage 2(35,872)147,854 - 111,982 
Transfers from stage 1 to stage 3(1,120)- 2,084 964 
Transfers from stage 2 to stage 3- (124,939)176,595 51,656 
Transfers from stage 2 to stage 114,080 (70,567)- (56,487)
Transfers from stage 3 to stage 2- 13,209 (27,238)(14,029)
Transfers from stage 3 to stage 1(5,053)- 16,613 11,560 
Net changes of the exposure and modifications in the credit risk29,215 38,155 186,928 254,298 
Write-off- - (353,290)(353,290)
Other adjustments- - - - 
At December 31, 202458,679 87,609 134,628 280,916