v3.25.4
Risk Management (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure of risk management strategy related to hedge accounting [abstract]  
Schedule of High, Low and Average Levels
High, low and average levels for each component for 2025 and 2024 were as follows:
VaR2025
USD millions		2024
USD millions
Consolidated
High2.87 4.06 
Low1.05 1.47 
Average1.67 2.40 
Fixed-income investments
High2.83 3.33 
Low0.96 1.41 
Average1.36 2.23 
Variable-income investments
High- - 
Low- - 
Average- - 
Foreign currency investments
High2.62 3.93 
Low0.16 0.18 
Average1.04 1.55 
Schedule of Market Risk Financial Management Portfolio
Market risk – Financial management portfolio – December 31, 2025 and 2024
 20252024
 Effect on financial
income		Effect on capitalEffect on financial
income		Effect on capital
Financial management portfolio – local currency (MCh$)
Loss limit175,196 370,271 138,957 373,566 
High9,968 186,784 49,174 170,622 
Low11,605 96,459 482 87,335 
Average703 131,800 20,482 136,617 
Financial management portfolio – foreign currency (USD millions)
Loss limit40,531 180,138 178,937 198,819 
High9,586 68,145 13,104 61,137 
Low— — 442 47,615 
Average1,099 20,534 5,169 53,651 
Financial management portfolio – consolidated (in MCh$)
Loss limit175,196 370,271 138,957 373,566 
High27,182 348,027 46,970 357,867 
Low4,600 237,954 — 279,293 
Average13,044 273,792 19,678 311,333 
Schedule of Market Risk Exposure
The following table illustrates the exposure to market risk. The maximum exposure to long-term interest rate risk is 35% of the regulatory capital and is approved by the Board of Directors. The maximum exposure to short-term interest rate risk is 55% of net interest income and readjustments plus interest rate sensitive commissions:
NOTE 37 - RISK MANAGEMENT, continued
 As of december 31,
 20252024
 MCh$MCh$
Market risk – trading protfolio
Exposure to rate risk565,138 459,161 
Exposure to currency risk4,484 13,931 
Interest rate option risk- - 
Currency option risk1,896 4,284 
Total exposure of trading portfolio571,518 477,376 
10% of RWA
714,397 596,720 
Subtotal1,285,915 1,074,096 
Limit = Regulatory capital7,047,322 6,961,316 
Available margin5,761,407 5,887,220 
Market risk – short-term financial management portfolio
Short Term Exposure to Interest Rate Risk101,913 95,219 
Exposure to Inflation Risk153,766 149,306 
Short-term exposure of financial management portfolio255,679 244,525 
Limit = 35% net (net income from interest and readjustments + interest rates sensitive commissions)
1,008,348 909,152 
Available margin752,669 664,627 
Market risk – long-term financial management portfolio
Long Term Exposure to Interest Rate Risk728,870 697,405 
Limit = 35% Regulatory capital
2,466,563 2,436,461 
Available margin1,737,693 1,739,056 
Schedule of Quality Assets and its Related Provision
The following table shows quality assets and its related provision, based on our internal scoring policy as of December 31, 2025 and 2024:
December 31, 2025
Corporate loans
Corporate Portfolio
Stage 1Stage 2Stage 3Total
Corporate		PercentageStage 1Stage 2Stage 3Total ECL
Allowance (*)		Percentage
 MCh$MCh$MCh$MCh$%MCh$MCh$MCh$MCh$%
A13,332 - - 3,332 0.01%6 - - 6 0.00%
A2577,975 - - 577,975 1.41%239 - - 239 0.02%
A31,949,161 73,336 - 2,022,497 4.94%1,066 218 - 1,284 0.11%
A42,678,213 3,461 - 2,681,674 6.55%3,259 8 - 3,267 0.27%
A52,585,516 19,059 781 2,605,356 6.36%6,279 182 195 6,656 0.54%
A61,876,579 47,882 116 1,924,577 4.70%7,551 1,012 30 8,593 0.70%
B1686,259 251,666 25,860 963,785 2.35%4,365 29,509 329 34,203 2.80%
B219,372 116,585 - 135,957 0.33%82 4,641 - 4,723 0.39%
B3- 116,290 4,546 120,836 0.30%- 4,902 1,009 5,911 0.48%
B4- 117,497 37,504 155,001 0.38%- 5,805 8,888 14,693 1.20%
C1- 21,611 144,083 165,694 0.40%- 2,107 49,177 51,284 4.20%
C2- 10,899 113,621 124,520 0.30%- 502 28,721 29,223 2.39%
C3- 3,480 87,595 91,075 0.22%- 288 31,343 31,631 2.59%
C4- 1,909 133,586 135,495 0.33%- 185 58,016 58,201 4.76%
C5- 452 76,435 76,887 0.19%- 65 48,380 48,445 3.96%
C6- 1,011 120,987 121,998 0.30%- 70 83,096 83,166 6.80%
Subtotal10,376,407 785,138 745,114 11,906,659 29.09%22,847 49,494 309,184 381,525 31.21%
Other loans
Stage 1Stage 2Stage 3Total Other loansPercentageStage 1Stage 2Stage 3Total ECL AllowancePercentage
MCh$MCh$MCh$MCh$%MCh$MCh$MCh$MCh$%
Other Commercial4,461,656 546,770 516,928 5,525,354 13.50%37,946 33,702 187,235 258,883 21.18%
Mortgage14,470,420 1,954,826 1,018,317 17,443,563 42.62%16,512 63,795 169,146 249,453 20.41%
Consumer4,826,724 895,561 335,019 6,057,304 14.80%59,130 89,561 183,906 332,597 27.21%
Subtotal23,758,800 3,397,157 1,870,264 29,026,221 70.91%113,588 187,058 540,287 840,933 68.79%
Total34,135,207 4,182,295 2,615,378 40,932,880 100.00%136,435 236,552 849,471 1,222,458 100.00%
(*)Include MCh$151,682 of ECL allowance calculated on an Individual basis.
NOTE 37 - RISK MANAGEMENT, continued
December 31, 2024
Corporate loans
Corporate Portfolio
Stage 1Stage 2Stage 3Total
Corporate		PercentageStage 1Stage 2Stage 3Total ECL
Allowance (*)		Percentage
 MCh$MCh$MCh$MCh$%MCh$MCh$MCh$MCh$%
A129,920 - - 29,920 0.07%1 - - 1 0.00%
A2656,322 - - 656,322 1.59%314 - - 314 0.03%
A32,264,646 53,680 - 2,318,326 5.61%1,901 307 - 2,208 0.19%
A42,487,497 36,047 - 2,523,544 6.11%3,567 268 - 3,835 0.32%
A52,749,203 41,239 777 2,791,219 6.75%6,645 1,046 63 7,754 0.65%
A62,121,986 90,538 158 2,212,682 5.35%9,236 2,849 41 12,126 1.02%
B1613,063 192,023 - 805,086 1.95%4,458 9,526 - 13,984 1.17%
B219,332 134,107 - 153,439 0.37%143 7,416 - 7,559 0.63%
B3- 136,901 2,500 139,401 0.34%- 7,545 696 8,241 0.69%
B4- 65,613 33,129 98,742 0.24%- 3,598 7,725 11,323 0.95%
C1- 29,632 185,235 214,867 0.52%- 2,771 60,382 63,153 5.30%
C2- 23,450 112,479 135,929 0.33%- 1,052 27,208 28,260 2.37%
C3- 1,785 66,545 68,330 0.17%- 237 28,343 28,580 2.40%
C4- 1,600 132,213 133,813 0.32%- 105 59,724 59,829 5.02%
C5- 1,710 97,139 98,849 0.24%- 302 67,170 67,472 5.66%
C6- 4,139 129,079 133,218 0.32%- 300 105,471 105,771 8.87%
Subtotal10,941,969 812,464 759,254 12,513,687 30.28%26,265 37,322 356,823 420,410 35.25%
Other loans
Stage 1Stage 2Stage 3Total other loansPercentageStage 1Stage 2Stage 3Total ECL AllowancePercentage
MCh$MCh$MCh$MCh$%MCh$MCh$MCh$MCh$%
Other Commercial 4,321,411 527,752 489,587 5,338,750 12.92%47,042 34,834 183,118 264,994 22.22%
Mortgage14,762,656 1,944,932 852,181 17,559,769 42.49%10,347 60,330 155,693 226,370 18.98%
Consumer4,928,084 679,756 303,798 5,911,638 14.31%58,679 87,609 134,628 280,916 23.55%
Subtotal24,012,151 3,152,440 1,645,566 28,810,157 69.72%116,068 182,773 473,439 772,280 64.75%
Total34,954,120 3,964,904 2,404,820 41,323,844 100.00%142,333 220,095 830,262 1,192,690 100.00%
(*)Include MCh$165,935 of ECL allowance calculated on an Individual basis.
Schedule of Residual Maturity Over Measured that have not Expired This resulted in an decrease in the ECL allowance amounting to MCh$353 in December 2024. Below:
Other commercialCorporate loans
MortgagesOther loansRevolving
(Credit cards)		SMESMEMiddle marketCorporate and
 Investment Banking
17.61 %30.53 %12.28 %30.53 %14.20 %15.41 %Santander Group criteria
In December 2023 the Bank accounted an impact of MCh$ 863 a decrease of ECL allowance
Other commercialCorporate loans
MortgagesOther loansRevolving
(Credit cards)		SMESMEMiddle marketCorporate and
 Investment Banking
28.19 %49.32 %16.91 %49.32 %18.50 %16.36 %
The qualitative criteria are based on the existence of evidence that leads to an automatic classification of financial instruments in stage 2, mainly 30 days overdue and restructured. Thresholds of SICR are calibrated based on the average ECL of exposures that exceed materiality threshold for 30 days or more consecutive days or with a level of credit risk considered to be “significant”.
Other commercialCorporate loans
MortgagesOther loansRevolving
(Credit cards)		SMESMEMiddle marketCorporate and Investment Banking
Irregular portfolio > 30 daysIrregular portfolio > 30 daysIrregular portfolio > 30 daysIrregular portfolio > 30 daysIrregular portfolio > 30 daysIrregular portfolio > 30 daysIrregular portfolio > 30 days
Restructured marked for monitoringRestructured marked for monitoringRestructured marked for monitoringRestructured marked for monitoringRestructured marked for monitoringRestructured marked for monitoringRestructured marked for monitoring
Clients considered to be substandard or in incompliance (pre-legal action)Clients considered to be substandard or in incompliance (pre-legal action)Clients considered to be substandard or in incompliance (pre-legal action)
Schedule of Allowance and Exposure at Default (Ead) of the Loans
The following table shows the allowance and assets before allowance of the loans that meet the conditions:
20252024
MCh$MCh$
Loans and account receivable429,995 382,737 
Allowance for ECL – discounted cash flow methodology151,682 165,935 
The estimation of the collective basis expected credit loss allowance considers qualitative and quantitative information that may affect changes in credit risk and the development of significant assumptions related to the probabilities of default and loss given default, related to forward looking information, multi-factor analysis such as type of portfolio or transaction and macroeconomic factors.
20252024
MCh$MCh$
Loans and account receivable (commercial, mortgage and consumer loans)40,502,885 40,941,107 
Allowance for ECL – collective basis1,070,776 1,026,755 
Schedule of Modified Loans The following table shows modification that results in deregonition and therefore and new operations:
 As of December 31, 2025As of December 31, 2024
 Stage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3Total
 MCh$MCh$MCh$MCh$MCh$MCh$MCh$MCh$
Gross carrying amount34,135,2074,182,2952,615,37840,932,88034,954,1203,964,9042,404,82041,323,844
Modified loans-863,4951,266,7732,130,268-814,0921,236,1762,050,268
%- 20.65 %48.44 %5.20 %-20.53%51.40%4.96%
         
ECL allowance136,435236,552849,4711,222,458142,333220,095830,2621,192,690
Modified loans55,768399,527455,29552,474403,125455,599
%-23.58 %47.03 %37.24 %-23.84%48.55%38.20%
Schedule of Macro Economical Forward
The annual growth forecasts for the most relevant macroeconomic variables for each of our scenarios mainly used during 2025 are the same used in 2023, and are as follows:
Average estimates 2025
Unfavorable
scenario 2		Unfavorable
 scenario 1		Base
scenario		Favorable
scenario 1		Favorable
scenario 2
Chilean Central Bank interest rates0.85%2.32%4.25%6.18%7.65%
Unemployment rate10.03%8.89%7.40%5.91%4.77%
Housing Price growth(1.02)%0.62%2.78%4.94%6.59%
GDP growth(0.80)%1.10 %3.58%6.06%7.97%
Consumer Price Index1.07%0.67%3.00%5.33%7.07%
Schedule of Probabilities
Local scenarioGlobal scenario
 Probability
weighting		Probability
weighting
Favorable scenario 210%Favorable scenario 130%
Favorable scenario 115%Base scenario40%
Base scenario50%Unfavorable scenario 130%
Unfavorable scenario 115%
Unfavorable scenario 210%
Schedule of Allowance Sensibility
The ECL allowance sensibility to future macro-economic conditions is as follows:
As of December 31,
20252024
MCh$MCh$
Reported ECL allowance1,227,121 1,193,854 
Gross carrying amount41,229,129 41,399,911 
Reported ECL Coverage2.81%2.81%
ECL amount by scenarios
Favorable scenarios 21,051,890 1,013,732 
Favorable scenarios 11,120,297 1,082,296 
Base scenarios1,198,135 1,158,397 
Unfavorable scenarios 11,273,300 1,234,421 
Unfavorable scenarios 21,326,143 1,284,831 
Coverage ratio by scenarios  
Favorable scenarios 22.55%2.45%
Favorable scenarios 12.72%2.61%
Base scenarios2.91%2.80%
Unfavorable scenarios 13.09%2.98%
Unfavorable scenarios 23.22%3.10%
Schedule of Risk Concentration
The following table shows the risk concentration by industry, and by stage before ECL allowance of loans and account receivable from customers and Interbak loans at amortised cost:
 As of December 31,
 20252024
 Stage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3Total
 MCh$MCh$MCh$MCh$MCh$MCh$MCh$MCh$
Commercial loans    
Agriculture and livestock358,537 70,576 94,027 523,140 427,626 67,010 81,628 576,264 
Fruit cultivation331,919 76,389 104,899 513,207 404,013 93,737 114,766 612,516 
Forest136,605 7,148 17,126 160,879 122,759 10,480 19,542 152,781 
Fishing272,913 8,969 4,581 286,463 389,857 3,876 6,904 400,637 
Mining319,481 65,775 5,545 390,801 454,735 5,817 6,595 467,147 
Oil and natural gas13,225 415 161 13,801 11,040 277 208 11,525 
Manufacturing Industry:       
Food, beverages and tobacco347,644 21,119 32,048 400,811 296,297 25,383 19,684 341,364 
Textile, leather and footwear76,213 5,585 8,678 90,476 64,297 6,236 9,262 79,795 
Wood and furniture73,543 4,780 6,675 84,998 83,304 1,827 6,656 91,787 
Cellulose, paper and printing66,348 6,968 1,892 75,208 51,886 7,925 4,773 64,584 
Chemicals and petroleum derivatives131,102 6,371 1,320 138,793 129,701 1,415 1,223 132,339 
Metallic, non-metallic, machinery, or other338,009 11,108 26,229 375,346 365,864 13,202 17,924 396,990 
Other manufacturing industries226,135 11,914 16,273 254,322 214,957 11,143 21,523 247,623 
Electricity, gas, and wáter637,721 74,225 9,455 721,401 747,969 52,240 5,025 805,234 
Home building226,117 10,979 20,681 257,777 206,906 12,840 28,582 248,328 
Non-residential construction450,972 20,605 19,000 490,577 512,234 20,843 29,644 562,721 
Wholesale trade1,561,889 87,346 165,367 1,814,602 1,560,877 104,488 171,345 1,836,710 
Retail trade, restaurants and hotels1,577,715 80,327 117,151 1,775,193 1,367,697 79,765 105,453 1,552,915 
Transport and storage604,323 40,365 46,915 691,603 693,354 50,741 55,381 799,476 
Telecommunications620,408 15,648 5,687 641,743 504,811 17,183 10,265 532,259 
Financial services574,615 867 1,220 576,702 610,158 33,019 1,135 644,312 
Real estate services1,996,005 191,364 175,763 2,363,132 2,010,898 205,007 153,315 2,369,220 
Social services and other community services3,896,624 513,065 381,349 4,791,038 4,032,140 515,762 378,008 4,925,910 
Subtotal14,838,063 1,331,908 1,262,042 17,432,013 15,263,380 1,340,216 1,248,841 17,852,437 
Mortgage loans14,470,420 1,954,826 1,018,317 17,443,563 14,762,656 1,944,932 852,181 17,559,769 
Consumer loans4,826,724 895,561 335,019 6,057,304 4,928,084 679,756 303,798 5,911,638 
Total34,135,207 4,182,295 2,615,378 40,932,880 34,954,120 3,964,904 2,404,820 41,323,844 
Schedule of Loans and Account Receivable from Customers and Interbak Loans
The following table shows past due information related to loans and account receivable from customers and Interbak loans at amortised cost, and related ECL allowance:
As of December 31, 2025
Gross carrying amountECL allowance
Stage 1Stage 2Stage 3TOTALStage 1Stage 2Stage 3TOTAL
MCh$MCh$MCh$MCh$MCh$MCh$MCh$MCh$
Interbank loans
Current68,178 - - 68,178 2 - - 2 
Commercial loans
Current14,723,323 1,088,790 420,078 16,232,191 56,528 53,191 113,255 222,974 
1-29 days past due37,475 81,350 52,447 171,272 3,578 12,023 18,953 34,554 
30-89 days past due8,269 147,143 180,852 336,264 657 17,255 52,634 70,546 
Over 90 days past due818 14,625 608,665 624,108 28 727 311,577 312,332 
Mortgage loans
Current14,445,323 1,417,326 268,815 16,131,464 16,050 39,633 28,908 84,591 
1-29 days past due67 30,270 10,448 40,785 1 2,153 1,861 4,015 
30-89 days past due24,146 446,171 270,570 740,887 442 19,199 35,607 55,248 
Over 90 days past due884 61,059 468,484 530,427 19 2,810 102,770 105,599 
Consumer loans
Current4,805,715 672,909 77,826 5,556,450 55,573 35,781 41,859 133,213 
1-29 days past due15,719 119,890 31,447 167,056 2,783 22,313 16,269 41,365 
30-89 days past due2,856 95,575 82,068 180,499 596 30,346 42,380 73,322 
Over 90 days past due2,434 7,187 143,678 153,299 178 1,121 83,398 84,697 
Total34,135,207 4,182,295 2,615,378 40,932,880 136,435 236,552 849,471 1,222,458 
 As of December 31, 2024
 Gross carrying amountECL allowance
 Stage 1Stage 2Stage 3TOTALStage 1Stage 2Stage 3TOTAL
 MCh$MCh$MCh$MCh$MCh$MCh$MCh$MCh$
Interbank loans        
Current31,283   31,283 1   1 
Commercial loans      
Current15,183,222 1,150,507 363,076 16,696,805 68,684 51,797 114,622 235,103 
1-29 days past due45,590 124,071 89,139 258,800 4,449 12,171 26,294 42,914 
31-89 days past due3,285 65,549 97,072 165,906 173 8,166 27,564 35,903 
Over 90 days past due- 89 699,554 699,643 - 22 371,461 371,483 
Mortgage loans      
Current14,746,681 1,385,985 234,901 16,367,567 7,403 30,391 28,974 66,768 
1-29 days past due12,809 362,378 85,437 460,624 2,358 13,182 13,452 28,992 
31-89 days past due3,166 196,569 140,323 340,058 586 16,757 22,938 40,281 
Over 90 days past due- - 391,520 391,520 - - 90,329 90,329 
Consumer loans      
Current4,903,711 455,722 69,745 5,429,178 52,683 34,770 29,390 116,843 
1-29 days past due21,323 135,203 29,654 186,180 5,638 27,780 12,065 45,483 
31-89 days past due3,050 88,115 81,657 172,822 358 24,865 35,037 60,260 
Over 90 days past due- 716 122,742 123,458 - 194 58,136 58,330 
Total34,954,120 3,964,904 2,404,820 41,323,844 142,333 220,095 830,262 1,192,690 
Schedule of Financial Assets and Associated Collateral
The following table show the maximum exposure to credit risk by class of financial asset, associated collateral and the net exposure to credit risk:
 As of December 31,
 20252024
 Maximum
exposure to
credit risk		CollateralNet
exposure		Associated
ECL		Maximum
exposure to
 credit risk		CollateralNet
exposure		Associated
ECL
MCh$MCh$MCh$MCh$MCh$MCh$MCh$MCh$
Interbank loans68,178 39,128 29,050 2 31,283 11 31,272 1 
Commercial loans17,363,835 10,172,100 7,191,735 640,406 17,821,154 10,014,312 7,806,842 685,403 
Mortgage loans17,443,563 17,167,022 276,541 249,453 17,559,769 17,367,966 191,803 226,370 
Consumer Loans6,057,304 534,442 5,522,862 332,597 5,911,638 558,906 5,352,732 280,916 
Contingent loans exposure2,941,345 340,783 2,600,562 32,126 2,850,495 467,467 2,383,028 18,389 
Total43,874,225 28,253,475 15,620,750 1,254,584 44,174,339 28,408,662 15,765,677 1,211,079 
Schedule of Maximum Exposure to Credit Risk
For financial assets recognised in the Consolidated Statements 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, 2025 and 2024, without deduction of collateral, security interests or credit improvements received:
As of December 31,
20252024
NoteMCh$MCh$
Deposits in banks41,975,644 2,695,560 
Cash items in process of collection41,185,633 572,552 
Financial assets for trading at FVTPL5  
Financial derivative contracts10,879,777 12,309,770 
Financial assets held for trading714,628 329,327 
Financial assets at FVOCI6
Debt financial instruments3,598,366 2,687,485 
Other financial instruments291,586 74,903 
Financial derivative contracts for hedge accounting7261,192 843,628 
Financial assets at amortised cost8  
Rights under repurchase agreements427,983 153,087 
Debt financial instruments5,525,242 5,176,005 
Interbank loans68,176 31,282 
Loans and account receivable at amortised cost /39,642,246 40,099,872 
Off-balance commitments:  
Letters of credit issued249,140 308,407 
Foreign letters of credit confirmed1,871,802 2,208,507 
Performance guarantees10,584,496 10,352,459 
Available credit lines556,196 365,932 
Personal guarantees235 406 
Other irrevocable credit commitments246,564 194,801 
Total78,078,906 78,403,983 
Schedule of Fair Value of Derivative Instruments
Below, our foreign exposure for those countries classified above 1 and represents our majority of exposure to categories other than 1. As of December 31, 2025, considering fair value of derivative instruments.
CountryClassification
Derivative instruments (market adjusted)
Deposits
Loans
Financial Investments
Total Exposure
USD millions
Hong Kong2- 4.73 - - 4.73 
México31.68 0.94 - - 2.62 
China2- - 44.65 - 44.65 
Italia2- 0.93 - - 0.93 
Panama30.03 - - - 0.03 
Peru30.01 - - - 0.01 
Indonesia2- - 0.27 - 0.27 
OMAN4- - 0.45 - 0.45 
Total1.72 6.60 45.37 - 53.69 
*Includes BSCH SA New York and Santander Investment Securities
Our exposure to Banco Santander Spain is as follows:
CounterpartCountryClassification
Derivative instruments (market adjusted)
Deposits
Loans
Financial Investments
Total Exposure
Banco Santander EspañaSpain1239 2 - - 241 
Schedule of Security Interests, Collateral, or Credit Improvements
Below is the detail of security interests, collateral, or credit improvements provided to the Bank as of December 31, 2025 and 2024:
As of December 31,
20252024
MCh$MCh$
Non-impaired financial assets
Properties/mortgages25,754,814 27,463,548 
Investments and others14,682,932 11,083,172 
Impaired financial assets
Properties/ mortgages3,358,646 3,162,938 
Investments and others358,671 354,348 
Total44,155,063 42,064,006 
Schedule of Breakdown of Bank's Fixed Income by Levels
These assets are divided into three levels in accordance with Basel III standards, with Level 1 assets being the most liquid and Level 3 assets being the least liquid. Level 1 assets are bonds from Chilean Goverment entities, Central Bank bonds and United States Treasury bonds.
NOTE 37 - RISK MANAGEMENT, continued
As of December 31,
ALAC20252024
MCh$MCh$
Level 1: cash and cash equivalent1,904,994 2,416,812 
Level 2: fixed income6,227,856 7,241,318 
Level 2: fixed income3,163 4,517 
Total8,136,013 9,662,647 
Schedule of Liquidity Coverage Ratio
As of December 31,
Liquidity Coverage Ratio20252024
%%
LCR188 191 
Schedule of Net Stable Funding Ratio
As of December 31,
Net Stable Funding Ratio20252024
%%
NSFR115 106 
Schedule of Breakdown by Maturity
As of December 31, 2025
Individual Consolidated
Up to 7
days 		Up to 15
days		Up to 30
days 		Up to 7
days 		Up to 15
days		Up to 30
days
MCh$ MCh$MCh$ MCh$ MCh$MCh$
Cash flow receivable (assets) and income2,933,0071,478,1461,323,2452,931,7491,478,1461,323,245
Cash flow payable (liabilities) and expenses2,595,3551,585,7371,997,1392,577,1611,585,7371,997,139
Mismatch337,652(107,591)(673,894)354,588(107,591)(673,894)
Mismatch affected by limits(443,833)(426,897)
Limits:
1 time capital4,719,6974,839,639
Margin available4,275,8644,412,742
% used9%9%
As of December 31, 2024
Individual Consolidated
Up to 7
days		Up to 15
days		Up to 30
days		Up to 7
days		Up to 15
days		Up to 30
days
MCh$MCh$MCh$MCh$MCh$MCh$
Cash flow receivable (assets) and income2,471,4571,642,5611,834,8732,468,7371,642,5611,834,873
Cash flow payable (liabilities) and expenses2,127,4472,481,6182,058,2652,111,0332,481,6182,058,265
Mismatch344,010(839,057)(223,392)357,704(839,057)(223,392)
Mismatch affected by limits(718,439)(704,745)
Limits:
1 time capital4,292,4404,396,833
Margin available3,574,0013,692,088
% used17 %16 %
Schedule of Main Sources of Financing with Third Parties
The main sources of financing with third parties are the following:
As of December 31,
Main sources of financing20252024
MCh$MCh$
Deposits and other demand obligations14,075,590 14,260,609 
Time deposits16,493,783 17,098,625 
Bank obligations3,434,237 4,337,947 
Debt instruments issued and regulatory capital9,647,593 10,043,972 
Total43,651,203 45,741,153 
Schedule of Net Losses from Operational Risks
Exposure to net loss, gross loss and recovery of gross loss due to operational risk event
As of December 31,
20252024
MCh$ MCh$
Expenses for the gross loss period due to operational risk events
Internal fraud1,115 3,153 
External fraud41,496 33,786 
Labor Practices and Business Safety4,381 7,129 
Clients, products and business practices572 809 
Damage to physical assets296 347 
Business interruption and system failures280 290 
Process execution, delivery and management7,125 6,505 
Subtotal55,265 52,019 
Recoveries of expenses in the period due to operational risk events  
Internal fraud(657)(1,720)
External fraud(7,025)(27,586)
Labor Practices and Business Safety(922)(2,160)
Clients, products and business practices(481)(250)
Damage to physical assets(1)(2)
Business interruption and system failures(6)(112)
Process execution, delivery and management(5,003)(1,555)
Subtotal(14,095)(33,385)
Net loss from operational risk events41,170 18,634 
Summary of the Changes to the Minimum Capital Requirements
Schedule of changes to minimum capital requirements:
As of December 31,
Capital requirements20252024
MCh$MCh$
Pillar II charge0.13 %— %
Systemic Charge1.50 %1.13 %
Counter-cyclical Capital buffer0.50 %0.50 %
Capital Conservation buffer2.50 %2.50 %
Tier T22.00 %2.00 %
AT11.50 %1.50 %
CET14.50 %4.50 %
Total12.63 %12.13 %
Schedule of Total Assets, Risk-Weighted Assets, and Components of Effective Equity
Total assets, risk-weighted assets, and components of effective equity
Total assets, risk-weighted assets and components of effective equity according to Basel III Consolidated
global
31-12-2025
MCh$		Consolidated
global
31-12-2024
MCh$
1Total assets according to the statement of financial position68,094,956 68,458,932 
2Investment in subsidiaries that are not consolidated - 
3Assets discounted from regulatory capital, other than item 211,233,907 13,243,643 
4Credit equivalents4,639,857 3,402,423 
5Contingent credits2,804,045 2,836,980 
6Assets generated by the intermediation of financial instruments83,086 18,622 
7= (1-2-3+4+5-6) Total assets for regulatory purposes64,221,865 61,436,070 
8.aAssets weighted for credit risk, estimated according to the standard methodology (RAW)29,551,588 29,921,944 
8.bAssets weighted for credit risk, estimated according to internal methodologies (AWCR)- - 
9Market Risk Weighted Assets (MRWA)7,143,966 5,967,201 
10Operational Risk Weighted Assets (OPWA)5,019,913 4,923,679 
11.a= (8.a/8.b+9+10) Risk Weighted Assets (RWA)41,715,467 40,812,824 
11.b= (8.a/8.b+9+10) Risk-weighted assets, after applying the output floor (RWA)41,715,467 40,812,824 
12Shareholders equity4,719,697 4,292,440 
13Non-controlling interest119,942 104,394 
14Goodwill- - 
15Excess minority investment- - 
16= (12+13-14-15) Common Equity Equivalent Tier 1 Capital (CET1)4,839,639 4,396,834 
17Additional deductions to common equity tier 1, other than item 2237,716 128,425 
18= (16-17-2) Common Equity Tier 1 (CET1)4,601,923 4,268,409 
19Voluntary (additional) provisions charged as additional capital tier 1 (AT1)- - 
20Subordinated bonds imputed as additional capital level 1 (AT1)- - 
21Preferred shares attributed to additional capital tier 1 (AT1)- - 
22Perpetual bonds attributed to additional capital level 1 (AT1)629,468 693,382 
23Discounts applied to AT1- - 
24= (19+20+21+22-23) Additional Tier 1 Capital (AT1)629,468 693,382 
25= (18+24) Equity Tier 15,231,391 4,961,791 
26Voluntary (additional) provisions allocated as Tier 2 (T2) capital179,098 293,000 
27Subordinated bonds imputed as Tier 2 capital (T2)1,636,832 1,706,525 
28= (26+27) Capital nivel 2 equivalente (T2)1,815,930 1,999,525 
29Discounts applied to T2- - 
30= (28-29) Tier 2 Capital (T2)1,815,930 1,999,525 
31= (25+30) Effective equity7,047,321 6,961,316 
32Additional basic capital required for the constitution of the conservation buffer1,042,887 1,020,321 
33Additional basic capital required to set up the countercyclical buffer208,577 204,064 
34Additional core capital required for banks rated as systemic625,732 459,144 
35Additional capital required for the evaluation of the adequacy of effective capital (Pillar 2)52,144 - 
Schedule of Solvency Indicators and Regulatory Compliance Indicators According to Basel III
Solvency indicators and regulatory compliance indicators according to Basel III
Solvency indicators and regulatory compliance indicators according to Basel III Consolidated
global
31-12-2025
%		Consolidated
global
31-12-2024
%
1Leverage indicator (T1_I18/T1_I7)7.17%6.95%
1.aLeverage indicator that the bank must meet, considering the minimum requirements3.00%3.00%
2Core Capital indicator (T1_I18/T1_I11,b)11.03%10.46%
2.aCore Capital indicator that the bank must meet, considering the minimum requirements6.08%5.63%
2.bCapital buffer shortfall
3Tier 1 capital indicator (T1_I25/T1_I11,b)12.54%12.16%
3.aTier 1 capital indicator that the bank must meet, considering the minimum requirements7.60%7.13%
4Effective equity indicators (T1_I31/T1_I11,b)16.89%17.06%
4.aEffective equity indicator that the bank must meet, considering the minimum requirements9.63%9.13%
4.bEffective equity indicator that the bank must meet, considering the charge for article 35 bis, if applicable0.00%0.00%
4.cEffective equity indicator that the bank must meet, considering the minimum requirements, conservation buffer and anti-cyclical buffer12.63%12.13%
5Credit ratingAA
 Regulatory compliance indicators for solvency  
6Voluntary (additional) provisions allocated to Tier 2 capital (T2) in relation to APRCs (T1_I26/ (T1_I8,a or I8,b)0.61%0.98%
7Subordinated bonds allocated to Tier 2 (T2) capital in relation to Tier 2 capital35.57%39.98%
8Additional Tier 1 capital (AT1) in relation to basic capital (T1_I24/T1_I18)13.68%16.24%
9Voluntary provisions (additional) and subordinated bonds that are charged to additional capital level 1 (AT1) in relation to the RWAs (T1_I19+T1_I20 / T1_I11,b)0.00%0.00%