| Employee Benefits |
As of December
31, 2025 and 2024, this item is composed as follows:
| | |
2025 | | |
2024 | |
| | |
MCh$ | | |
MCh$ | |
| | |
| | |
| |
| Short-term employee benefits | |
| 131,763 | | |
| 143,305 | |
| Benefits to employees for contract termination | |
| 8,390 | | |
| 8,328 | |
| Total | |
| 140,153 | | |
| 151,633 | |
| (a) | Short-term employee benefits: |
| (i) | Compliance bonuses provision: |
| | |
2025 | | |
2024 | |
| | |
MCh$ | | |
MCh$ | |
| Balances as of January 1 | |
| 68,356 | | |
| 71,102 | |
| Net provisions established | |
| 53,873 | | |
| 54,087 | |
| Provisions used | |
| (54,877 | ) | |
| (56,833 | ) |
| Total | |
| 67,352 | | |
| 68,356 | |
| | |
2025 | | |
2024 | |
| | |
MCh$ | | |
MCh$ | |
| Balances as of January 1 | |
| 42,824 | | |
| 43,257 | |
| Net provisions established | |
| 8,322 | | |
| 8,433 | |
| Provisions used | |
| (7,908 | ) | |
| (8,866 | ) |
| Total | |
| 43,238 | | |
| 42,824 | |
| (iii) | Provision for other benefits to personnel: |
| | |
2025 | | |
2024 | |
| | |
MCh$ | | |
MCh$ | |
| Balances as of January 1 | |
| 32,125 | | |
| 30,096 | |
| Net provisions established | |
| 45,583 | | |
| 54,571 | |
| Provisions used | |
| (56,535 | ) | |
| (52,542 | ) |
| Total | |
| 21,173 | | |
| 32,125 | |
| (b) | Benefits to employees for contract termination: |
| (i) | Changes in the provision for employee benefits for contract
termination are detailed as follows: |
| | |
2025 | | |
2024 | |
| | |
MCh$ | | |
MCh$ | |
| Present value of the obligations at the beginning of the year | |
| 8,328 | | |
| 9,677 | |
| Increase in the provision | |
| 469 | | |
| 586 | |
| Payment of benefits | |
| (469 | ) | |
| (1,820 | ) |
| Effect of change in actuarial factors | |
| 62 | | |
| (115 | ) |
| Total | |
| 8,390 | | |
| 8,328 | |
| (ii) | Net benefits expenses: |
| | |
2025 | | |
2024 | |
| | |
MCh$ | | |
MCh$ | |
| Increase in the provisions | |
| 21 | | |
| 137 | |
| Interest cost of benefits obligations | |
| 448 | | |
| 449 | |
| Effect of change in actuarial factors | |
| 62 | | |
| (115 | ) |
| Net benefit cost | |
| 531 | | |
| 471 | |
| (iii) | Factors used in the calculation: |
The main assumptions used in the determination
of staff severance indemnity payment obligations for the Bank’s plan are shown below:
| | |
December 31,
2025 | | |
December 31,
2024 | |
| | |
% | | |
% | |
| Discount rate | |
| 5.71 | | |
| 5.71 | |
| Salary increase rate | |
| 5.50 | | |
| 4.50 | |
| Probability of payment | |
| 99.99 | | |
| 99.99 | |
The most recent actuarial valuation
of the provision for staff severance indemnity payments was performed during the first quarter of 2025.
| (c) | Share-based compensation programs: |
As of December 31, 2025 and 2024, the
Bank and its subsidiaries do not have a stock-based compensation plan.
|