v3.26.1
Current Tax and Deferred Tax (Tables)
 12 Months Ended
Dec. 31, 2025
Current Tax and Deferred Tax [Abstract]  
Schedule of Income Tax Provision

The Bank and its subsidiaries at the end of each year, have constituted a provision for first category income tax, which was determined based on current tax regulations, and has been reflected in the Statement of Financial Position net of taxes to be recovered or payable, as applicable, as of December 31, 2025 and 2024, according to the following detail:

 

   2025   2024 
   MCh$   MCh$ 
         
Income tax   (325,028)   (333,719)
Less:          
Monthly prepaid taxes   286,874    483,615 
Credit for training expenses   1,920    1,820 
Other   4,271    8,021 
Total tax (payable) receivable, net   (31,963)   159,737 
           
Tax Rate   27.00%   27.00%

 

   2025   2024 
   MCh$   MCh$ 
         
Current tax assets   1,846    159,869 
Current tax liabilities   (33,809)   (132)
Total tax receivable (payable), net   (31,963)   159,737 
Schedule of Tax Expenses

The Bank’s tax expense recorded for the years ended December 31, 2025, 2024 and 2023 is detailed as follows:

 

   2025   2024   2023 
   MCh$   MCh$   MCh$ 
Income tax expense:            
Current year tax   332,680    339,604    268,318 
Previous year tax   (3,710)   (5,343)   620 
Subtotal   328,970    334,261    268,938 
(Credit) debit for deferred taxes:               
Origin and reversal of temporary differences   (9,721)   (1,482)   44,545 
Subtotal   (9,721)   (1,482)   44,545 
Others   (861)   822    8,631 
Net debit to income for income tax   318,388    333,601    322,114 
Schedule of Reconciliation of Effective Tax Rate

The following table reconciles the income tax rate to the effective rate applied to determine the Bank’s income tax expense as of December 31, 2025, 2024 and 2023:

 

   2025   2024   2023 
   Tax rate %   MCh$   Tax rate %   MCh$   Tax rate %   MCh$ 
Income tax calculated on net income before tax   27.00    406,026    27.00    427,161    27.00    457,958 
Additions or deductions (*)   (1.37)   (20,660)   (1.13)   (17,924)   (3.21)   (54,476)
Tax price-level adjustment   (4.41)   (66,182)   (4.79)   (75,802)   (4.83)   (81,809)
Other   (0.05)   (796)   0.01    166    0.03    441 
Effective rate and income tax expense   21.17    318,388    21.09    333,601    18.99    322,114 

 

(*)The deductions of the tax rate mainly relate to permanent differences between tax and financial accounting rules.
Schedule of Effects of Deferred Taxes on Assets, Liabilities and Income Accounts

The effects of deferred taxes on assets, liabilities and income accounts are detailed as follows:

 

   Balance as of
December 31,		   Effect   Balance as of
December 31,		   Effect   Balance as of
December 31,		 
   2023   Income   OCI   2024   Income   OCI   2025 
   MCh$   MCh$   MCh$   MCh$   MCh$   MCh$   MCh$ 
Debit differences:                            
Allowances for loan losses and provision for contingent loans   161,352    184    
—
    161,536    (429)   
—
    161,107 
Provision for employee expenses   24,404    232    
—
    24,636    (3,201)   
—
    21,435 
Accrued vacations   12,025    (463)   
—
    11,562    112    
—
    11,674 
Accrued interests and indexation of impaired portfolio   14,937    1,597    
—
    16,534    53    
—
    16,587 
Provision for staff severance indemnity payments   1,252    (217)   (31)   1,004    (42)   17    979 
Provisions for credit card expenses   9,857    1,111    
—
    10,968    (760)   
—
    10,208 
Provisions for accrued expenses   10,737    (506)   
—
    10,231    (1,100)   
—
    9,131 
Adjustment for valuation of investments and equity instruments at fair value through OCI   277    
—
    198    475    
—
    (475)   
—
 
Leases   103,352    7,591    
—
    110,943    15,181    
—
    126,124 
Unearned Income   5,149    (1,035)   
—
    4,114    (625)   
—
    3,489 
Exchange rate difference   
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Property and equipment valuation difference   2,876    3,924    
—
    6,800    2,788    
—
    9,588 
Other adjustments   31,322    (10,174)   
—
    21,148    3,188    
—
    24,336 
Total Debit Differences   377,540    2,244    167    379,951    15,165    (458)   394,658 
                                    
Credit differences:                                   
Intangible assets (software and others)   24,710    5,913    
—
    30,623    3,575    
—
    34,198 
Property and equipment valuation difference   
—
    
—
    
—
    
—
    
—
    909    909 
Transitory assets   8,874    852    
—
    9,726    (119)   
—
    9,607 
Loans accrued to effective rate   2,484    (151)   
—
    2,333    (122)   
—
    2,211 
Prepaid expenses   10,885    (4,485)   
—
    6,400    (3,839)   
—
    2,561 
Exchange rate difference   1,636    (835)   
—
    801    5,916    
—
    6,717 
Capitalized bond placement expense   5,257    (362)   
—
    4,895    16    
—
    4,911 
Other adjustments   3,288    (170)   
—
    3,118    17    
—
    3,135 
Total Credit Differences   57,134    762    
—
    57,896    5,444    909    64,249 
Total Debit (Credit), net   320,406    1,482    167    322,055    9,721    (1,367)   330,409 

 

Reconciliation to Statement of Financial Position

 

   2025   2024 
   MCh$   MCh$ 
         
Deferred tax assets   331,831    322,221 
Deferred tax liabilities   (1,422)   (166)
Total deferred taxes   330,409    322,055