Fair Value of Financial Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value of Financial Assets and Liabilities [Abstract]

Schedule of Valuation Techniques and Inputs

Valuation Techniques and Inputs for Level 2 Instrument:

Type of Financial Instrument	Valuation Method	Description: Inputs and Sources
Local Bank and Corporate Bonds	Discounted cash flows model	Prices (internal rates of return) are provided by third party price providers that are widely used in the Chilean market. Model is based on a Base Yield (Central Bank Bonds) and issuer spread. The model is based on daily prices and risk/maturity similarities between Instruments.
Offshore Bank and Corporate Bonds		Prices are provided by third party price providers that are widely used in the Chilean market. Model is based on daily prices.
Local Central Bank and Treasury Bonds		Prices (internal rates of return) are provided by third party price providers that are widely used in the Chilean market. Model is based on daily prices.
Mortgage Notes		Prices (internal rates of return) are provided by third party price providers that are widely used in the Chilean market. Model is based on a Base Yield (Central Bank Bonds) and issuer spread. The model takes into consideration daily prices and risk/maturity similarities between instruments.
Time Deposits		Prices (internal rates of return) are provided by third party price providers that are widely used in the Chilean market. Model is based on daily prices and considers risk/maturity similarities between instruments.
Cross Currency Swaps, Interest Rate Swaps, FX Forwards, Inflation Forwards		Forward Points, Inflation forecast and local swap rates are provided by market brokers that are widely used in the Chilean market. Offshore rates and spreads are obtained from third party price providers that are widely used in the Chilean market. Zero Coupon rates are calculated by using the bootstrapping method over swap rates.
FX Options	Black-Scholes Model	Prices for volatility surface estimates are obtained from market brokers that are widely used in the Chilean market.

Valuation Techniques and Inputs for Level 3 Instrument:

Type of Financial Instrument	Valuation Method	Description: Inputs and Sources
Local Bank and Corporate Bonds	Discounted cash flows model	As inputs for these types of securities are not observable by the market, we model interest rate of returns for them based on a Base Yield (Central Bank Bonds) and issuer spread. These inputs (base yield and issuer spread) are provided on a daily basis by third party price providers that are widely used in the Chilean market.
Offshore Bank and Corporate Bonds	Discounted cash flows model	As inputs for these types of securities are not observable by the market, we model interest rate of returns for them based on a Base Yield and issuer spread. These inputs (base yield and issuer spread) are provided on a weekly basis by third party price providers that are widely used in the Chilean market.

Schedule of Fair Value of Financial Assets Liabilities on the Balance Sheet

The following table shows the classification by levels, for financial instruments measured at fair value.

		Level 1								Level 2								Level 3								Total
		2025				2024				2025				2024				2025				2024				2025				2024
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Financial Assets
Financial assets held for trading at fair value through profit or loss
Financial derivative contracts:
Forwards			—				—				378,983				227,670				—				—				378,983				227,670
Swaps			—				—				1,488,810				2,070,481				—				—				1,488,810				2,070,481
Call options			—				—				332				4,949				—				—				332				4,949
Put options			—				—				2,515				253				—				—				2,515				253
Futures			—				—				—				—				—				—				—				—
Subtotal			—				—				1,870,640				2,303,353				—				—				1,870,640				2,303,353
Debt financial instruments:
From the Chilean Government and Central Bank			289,581				210,418				2,508,748				1,285,039				—				—				2,798,329				1,495,457
Other debt financial instruments issued in Chile			—				—				263,104				206,675				14,250				11,273				277,354				217,948
Financial debt instruments issued Abroad			—				—				46,019				976				—				—				46,019				976
Subtotal			289,581				210,418				2,817,871				1,492,690				14,250				11,273				3,121,702				1,714,381

Others			402,259				411,689				—				—				—				—				402,259				411,689

Financial assets at fair value through other comprehensive income
Debt Financial Instruments: (1)
From the Chilean Government and Central Bank			604,907				550,418				569,399				110,359				—				—				1,174,306				660,777
Other debt financial instruments issued in Chile			—				—				2,285,253				1,303,708				53,673				71,922				2,338,926				1,375,630
Financial debt instruments issued abroad			—				—				35,739				51,938				—				—				35,739				51,938
Equity Instruments:
Instruments issued in Chile			8,387				6,920				—				—				357				357				8,744				7,277
Instruments issued abroad			2,386				2,103				—				—				102				112				2,488				2,215
Subtotal			615,680				559,441				2,890,391				1,466,005				54,132				72,391				3,560,203				2,097,837

Derivative financial instruments for hedging purposes
Forwards			—				—				—				—				—				—				—				—
Swaps			—				—				29,714				73,959				—				—				29,714				73,959
Call options			—				—				—				—				—				—				—				—
Put ptions			—				—				—				—				—				—				—				—
Futures			—				—				—				—				—				—				—				—
Subtotal			—				—				29,714				73,959				—				—				29,714				73,959
Total			1,307,520				1,181,548				7,608,616				5,336,007				68,382				83,664				8,984,518				6,601,219

Financial Liabilities
Financial liabilities held for trading at fair value through profit or loss
Financial derivative contracts:
Forwards			—				—				455,921				241,757				—				—				455,921				241,757
Swaps			—				—				1,621,215				2,197,858				—				—				1,621,215				2,197,858
Call options			—				—				870				4,151				—				—				870				4,151
Put options			—				—				1,459				955				—				—				1,459				955
Futures			—				—				—				—				—				—				—				—
Subtotal			—				—				2,079,465				2,444,721				—				—				2,079,465				2,444,721

Others			—				—				512				990				—				—				512				990

Derivative financial instruments for hedging purposes
Forwards			—				—				—				—				—				—				—				—
Swaps			—				—				297,817				141,040				—				—				297,817				141,040
Call options			—				—				—				—				—				—				—				—
Put options			—				—				—				—				—				—				—				—
Futures			—				—				—				—				—				—				—				—
Subtotal			—				—				297,817				141,040				—				—				297,817				141,040
Total			—				—				2,377,794				2,586,751				—				—				2,377,794				2,586,751

(1)	As of December 31, 2024, 100% of instruments of level 3 are “Investment Grade” instruments . Also, 100% of total of these financial instruments correspond to domestic issuers.

Schedule of Reconciliation Between the Beginning and Ending Balances of Instruments

The following table shows the reconciliation between the balances at the beginning and at the end of year for those instruments classified in Level 3, whose fair value is reflected in the Consolidated Financial Statements:

		2025
		Balance as of January 1, 2025				Gain (Loss) Recognized in Income (1)				Gain (Loss) Recognized in Equity (2)				Purchases				Sales				Transfer from Level 1 and 2				Transfer to Level 1 and 2				Balance as of December 31, 2025
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Financial assets held for trading at fair value through profit or loss
Debt Financial Instruments:
Other debt financial instruments issued in Chile			11,273				274				—				15,952				(5,698	)			—				(7,551	)			14,250
Subtotal			11,273				274				—				15,952				(5,698	)			—				(7,551	)			14,250

Financial assets at fair value through Other Comprehensive Income:
Debt Financial Instruments:
Other debt financial instruments issued in Chile			71,922				1,225				473				—				(44,801	)			61,899				(37,045	)			53,673
Equity Instruments:
Instruments issued in Chile			357				—				—				—				—				—				—				357
Instruments issued abroad			112				—				(10	)			—				—				—				—				102
Subtotal			72,391				1,225				463				—				(44,801	)			61,899				(37,045	)			54,132

Total			83,664				1,499				463				15,952				(50,499	)			61,899				(44,596	)			68,382

		2024
		Balance as of January 1, 2024				Gain (Loss) Recognized in Income (1)				Gain (Loss) Recognized in Equity (2)				Purchases				Sales				Transfer from Level 1 and 2				Transfer to Level 1 and 2				Balance as of December 31, 2024
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Financial assets held for trading at fair value through profit or loss
Debt Financial Instruments:
Other debt financial instruments issued in Chile			34,363				1,409				—				25,279				(56,736	)			6,958				—				11,273
Subtotal			34,363				1,409				—				25,279				(56,736	)			6,958				—				11,273

Financial assets at fair value through other comprehensive income:
Debt Financial Instruments:
Other debt financial instruments issued in Chile			88,483				586				1,682				58,608				(27,961	)			11,268				(60,744	)			71,922
Equity Instruments:
Instruments issued in Chile			358				—				(1	)			—				—				—				—				357
Instruments issued abroad			25				—				—				87				—				—				—				112
Subtotal			88,866				586				1,681				58,695				(27,961	)			11,268				(60,744	)			72,391

Total			123,229				1,995				1,681				83,974				(84,697	)			18,226				(60,744	)			83,664

(1)	Recorded in income under line item “Net financial result”.

(2)	Recorded in equity under the line item “Accumulated other comprehensive income”.

Schedule of Instruments Classified in Level 3 using Alternative in Key Valuation Assumptions

The following table shows the sensitivity, by type of instrument, of those instruments classified in Level 3 using alternative in key valuation assumptions:

		As of December 31, 2025								As of December 31, 2024
		Level 3				Sensitivity to changes in key assumptions of models				Level 3				Sensitivity to changes in key assumptions of models
		MCh$				MCh$				MCh$				MCh$

Financial assets held for trading at fair value through profit or loss
Debt financial instruments:
Other debt financial instruments issued in Chile			14,250				(15	)			11,273				(255	)
Subtotal			14,250				(15	)			11,273				(255	)

Financial assets at fair value through other comprehensive income
Debt Financial Instruments:
Other debt financial instruments issued in Chile			53,673				(1,652	)			71,922				(2,320	)
Equity Instruments:
Instruments issued in Chile			357				—				357				—
Instruments issued abroad			102				—				112				—
Subtotal			54,132				(1,652	)			72,391				(2,320	)
Total			68,382				(1,667	)			83,664				(2,575	)

Schedule of Fair Values of the Financial Assets and Liabilities that are not Recorded at Fair Value in the Statement of Financial Position

The following table summarizes the fair values of the Bank’s main financial assets and liabilities that are not recorded at fair value in the Statement of Financial Position.

		Book Value								Estimated Fair Value
		2025				2024				2025				2024
		MCh$				MCh$				MCh$				MCh$

Assets
Cash and deposits in banks			2,590,986				2,699,076				2,590,986				2,699,076
Transactions in the course of collection			414,419				372,456				414,419				372,456
Subtotal			3,005,405				3,071,532				3,005,405				3,071,532
Financial assets at amortized cost
Rights by resale agreements			100,643				87,291				100,643				87,291
Debt financial instruments			460,937				944,074				435,196				892,550
Loans to Banks
Domestic banks			—				299,147				—				299,147
Central Bank of Chile			—				—				—				—
Foreign banks			398,028				366,568				397,340				366,245
Subtotal			959,608				1,697,080				933,179				1,645,233
Loans to customers, net
Commercial loans			19,296,206				19,893,412				18,835,985				19,561,279
Residential mortgage loans			13,896,790				13,197,695				13,957,541				13,000,178
Consumer loans			5,349,315				5,151,755				5,436,873				5,247,985
Subtotal			38,542,311				38,242,862				38,230,399				37,809,442
Total			42,507,324				43,011,474				42,168,983				42,526,207

Liabilities
Transactions in the course of payment			564,172				283,605				564,172				283,605
Financial liabilities at amortized cost
Current accounts and other demand deposits			14,791,870				14,630,797				14,791,870				14,630,797
Time deposits and saving accounts			14,162,408				14,345,223				14,155,640				14,346,676
Obligations by repurchase agreements			286,915				109,794				286,915				109,794
Borrowings from financial institutions			1,296,751				1,103,468				1,278,009				1,071,097
Debt financial instruments issued
Mortgage finance bonds for residential purposes			521				849				578				946
Mortgage finance bonds for general purposes			—				1				—				1
Bonds			10,800,330				9,689,219				10,725,466				9,596,699
Other financial obligations			367,323				284,479				367,323				284,479
Subtotal			41,706,118				40,163,830				41,605,801				40,040,489
Debt financial instruments issued for regulatory capital purposes
Subordinate bonds			1,087,093				1,068,879				1,055,062				1,057,509
Total			43,357,383				41,516,314				43,225,035				41,381,603

Schedule of Fair Value Financial Assets and Liabilities not Measured at Fair Value on the Balance Sheet

The table below sets forth the fair value of Financial Assets and Liabilities not measured at fair value on the balance sheet, for the years ended December 31, 2025 and 2024:

		Level 1 Estimated Fair Value								Level 2 Estimated Fair Value								Level 3 Estimated Fair Value								Total Estimated Fair Value
		2025				2024				2025				2024				2025				2024				2025				2024
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$

Assets
Cash and deposits in banks			2,590,986				2,699,076				—				—				—				—				2,590,986				2,699,076
Transactions in the course of collection			414,419				372,456				—				—				—				—				414,419				372,456
Subtotal			3,005,405				3,071,532				—				—				—				—				3,005,405				3,071,532
Financial assets at amortized cost
Rights by resale agreements			100,643				87,291				—				—				—				—				100,643				87,291
Debt financial instruments			435,196				892,550				—				—				—				—				435,196				892,550
Loans to Banks
Domestic banks			—				299,147				—				—				—				—				—				299,147
Central Bank of Chile			—				—				—				—				—				—				—				—
Foreign banks			—				—				—				—				397,340				366,245				397,340				366,245
Subtotal			535,839				1,278,988				—				—				397,340				366,245				933,179				1,645,233
Loans to customers, net
Commercial loans			—				—				—				—				18,835,985				19,561,279				18,835,985				19,561,279
Residential mortgage loans			—				—				—				—				13,957,541				13,000,178				13,957,541				13,000,178
Consumer loans			—				—				—				—				5,436,873				5,247,985				5,436,873				5,247,985
Subtotal			—				—				—				—				38,230,399				37,809,442				38,230,399				37,809,442
Total			3,541,244				4,350,520				—				—				38,627,739				38,175,687				42,168,983				42,526,207

Liabilities
Transactions in the course of payment			564,172				283,605				—				—				—				—				564,172				283,605
Financial liabilities at amortized cost
Current accounts and other demand deposits			14,791,870				14,630,797				—				—				—				—				14,791,870				14,630,797
Time deposits and saving accounts			—				—				—				—				14,155,640				14,346,676				14,155,640				14,346,676
Obligations by repurchase agreements			286,915				109,794				—				—				—				—				286,915				109,794
Borrowings from financial institutions			—				—				—				—				1,278,009				1,071,097				1,278,009				1,071,097
Debt financial instruments issued
Mortgage finance bonds for residential purposes			—				—				578				946				—				—				578				946
Mortgage finance bonds for general purposes			—				—				—				1				—				—				—				1
Bonds			—				—				10,725,466				9,596,699				—				—				10,725,466				9,596,699
Other financial obligations			—				—				—				—				367,323				284,479				367,323				284,479
Subtotal			15,078,785				14,740,591				10,726,044				9,597,646				15,800,972				15,702,252				41,605,801				40,040,489
Debt financial instruments issued for regulatory capital purposes
Subordinate bonds			—				—				—				—				1,055,062				1,057,509				1,055,062				1,057,509
Total			15,642,957				15,024,196				10,726,044				9,597,646				16,856,034				16,759,761				43,225,035				41,381,603