NOTE 17
INTERBANK BORROWINGS
As of December 31, 2017 and 2016 the line item Interbank borrowings is as follows:
| As of December 31, | |||
| 2017 | 2016 | ||
| MCh$ | MCh$ | ||
| Loans from financial institutions and the Central Bank of Chile | |||
| Other obligations with Central Bank of Chile | 5 | 7 | |
| Subtotal | 5 | 7 | |
| Loans from domestic financial institutions | 480 | 365,436 | |
| Loans from foreign financial institutions | |||
| Sumitomo Mitsui Banking Corporation | 259,199 | 233,060 | |
| Wells Fargo Bank N.A. | 235,058 | 113,631 | |
| Bank Of America N.A. | 228,309 | - | |
| Standard Chartered Bank | 225,966 | 101,874 | |
| Mizuho Bank Ltd. NY. | 215,967 | - | |
| Citibank N.A. | 191,471 | 183,193 | |
| The Bank of Nova Scotia | 86,419 | 39,967 | |
| The Toronto-Dominion Bank | 62,743 | - | |
| Corporación Andina De Fomento | 31,075 | - | |
| Barclays Bank PLC London | 30,886 | 33,279 | |
| HSBC Bank Plc NY | 30,875 | 33,214 | |
| The Bank of New York Mellon | 30,839 | 82,594 | |
| Hsbc Bank Plc | 30,838 | - | |
| European Investment Bank | 12,629 | 13,980 | |
| Banco Santander – Hong Kong | 8,341 | 6,165 | |
| Banco Santander Brasil S.A. | 5,225 | 5,175 | |
| Bank Austria A.G. | 2,317 | - | |
| Bank of China | 823 | 311 | |
| Shanghai Pudong Development | 714 | 205 | |
| Bank of Tokyo Mitsubishi | 453 | 430 | |
| Keb Hana Bank | 396 | 301 | |
| Shinhan Bank | 394 | 354 | |
| Thai Military Bank Public Comp | 377 | 425 | |
| Hua Nan Commercial Bank Ltd. | 349 | 83 | |
| Mizuho Corporate Bank | 331 | 411,753 | |
| Banco Santander Central Hispano | 312 | - | |
| Agricultural Bank of China | 295 | 327 | |
| Banco de Occidente | 282 | - | |
| Banco Do Brasil S.A. | 268 | 120 | |
| Unicredito Italiano | 264 | - | |
| Bank of East Asia, Limited | 241 | 54 | |
| Canara Bank | 224 | 91 | |
| Hong Kong and Shanghai Banking | 222 | 889 | |
| International Commercial Bank | 221 | - | |
| Banque Generale Du Luxembourg | 207 | 138 | |
| Kookmin Bank | 201 | 317 | |
| Zhejiang Commercial Bank Ltd. | 175 | - | |
| Banca Monte dei Paschi di Siena | 162 | 309 | |
| Taiwan Cooperative Bank | 159 | - | |
| Deutsche Bank A.G. | 157 | - | |
| Yapi Ve Kredi Bankasi A.S. | 155 | 73 | |
| J.P. Morgan Chase Bank N.A. | 154 | 49 | |
| Banco Commerzbank | 145 | 47 | |
| Bank of Taiwan | 136 | 183 | |
| Industrial And Commercial Bank | 119 | - | |
| Bank Of Nova Scotia | 112 | - | |
| State Bank of India | 110 | 289 | |
| Woori Bank | 105 | 153 | |
| Bancolombia S.A. | 94 | 31 | |
| Bank of Communications | 93 | 393 | |
| Cassa Di Risparmio Di Parma E | 93 | 132 | |
| China Construcción Bank | 90 | 1,044 | |
| Metropolitan Bank Limited | 87 | 26 | |
| Banca Delle Marche Spa | 76 | 31 | |
| Australia And New Zealand Bank | 62 | 21 | |
| Abanca Corporacion Bancaria SA | 60 | - | |
| Casa Di Risparmo De Padova E.R. | 56 | 76 | |
| Societe Generale | 56 | - | |
| Hanvit Bank | 55 | 76 | |
| Banca Popolare Dell'Emilia Rom | 53 | 26 | |
| Banco Bradesco S.A. | 50 | 113 | |
| Punjab National Bank | 47 | - | |
| Citic Industrial Bank | 39 | - | |
| Hang Seng Bank Ltd. | 39 | - | |
| Subtotal | 1,697,470 | 1,265,002 | |
| As of December 31, | |||
| 2017 | 2016 | ||
| MCh$ | MCh$ | ||
| Loans from foreign financial institutions, continuación | |||
| Hsbc Bank Usa | 38 | - | |
| First Union National Bank | 35 | 226 | |
| Habib Bank Limited | 34 | 105 | |
| Banco Caixa Geral. | 33 | - | |
| Banco Internacional S.A. | 33 | - | |
| Banca Commerciale Italiana S.P. | 31 | - | |
| Bank of Montreal | 30 | 201 | |
| Kasikornbank Public Company Li. | 25 | - | |
| Citibank N.A. Turkiye Merkez S. | 23 | 158 | |
| Liu Chong Hing Bank Limited | 21 | - | |
| Banco Popular Espanol S.A. | 19 | 56 | |
| Taiwan Business Bank | 19 | - | |
| Fortis Bank S.A./N.V. Brussels | 15 | 12 | |
| Chang Hwa Commercial Bank Ltd. | 14 | 17 | |
| Banco De Sabadell S.A. | 10 | - | |
| Bank Of China Guangdong Branch | 8 | 14 | |
| Icici Bank Limited | 8 | 25 | |
| Banco Popolare Soc Coop | 6 | 5 | |
| Bank of America | - | 213,200 | |
| NTT Docomo Ibc | - | 33,149 | |
| Zurcher Kantonal Bank | - | 20,021 | |
| Banque Bruxelles Lambert S.A. | - | 5,797 | |
| Banque Cantonale Vaudoise | - | 5,714 | |
| Denizbank A.S. | - | 347 | |
| Banco Santander – Madrid | - | 322 | |
| Unicredito Italiano | - | 302 | |
| Taipei Bank | - | 260 | |
| ING Bank N.V. - Vienna | - | 228 | |
| Westpac Banking Corporation | - | 226 | |
| BNP Paribas S.A. | - | 218 | |
| Oriental Bank of Commerce | - | 132 | |
| Kotak Mahindra Bank Limited | - | 129 | |
| Caixabank S.A. | - | 93 | |
| Development Bank Of Singapore | - | 80 | |
| Hsbc France (formerly Hsbc Ccf) | - | 74 | |
| Banco General S.A. | - | 62 | |
| Banco De Crédito Del Perú | - | 58 | |
| Hsbc Bank Canada | - | 47 | |
| Finans Bank A.S. | - | 46 | |
| Bangkok Bank Public Company Li. | - | 42 | |
| United Bank of India | - | 39 | |
| Banco Bolivariano C.A. | - | 38 | |
| Banco Bilbao Vizcaya Argentaria | - | 34 | |
| Hsbc Bank Brasil S.A. - Banco | - | 34 | |
| Banca Popolare Di Vicenza Scpa | - | 31 | |
| Bayerische Hypo- Und Vereinsba | - | 27 | |
| Banco Itau | - | 25 | |
| China Merchants Bank | - | 22 | |
| Hsbc Bank Middle East | - | 21 | |
| Banca Lombarda E Piemontese S. | - | 21 | |
| Export-Import Bank Of Thailand | - | 20 | |
| Cassa Di Risparmio In Bologna | - | 20 | |
| Fifth Third Bank | - | 15 | |
| Hdfc Bank Limited | - | 13 | |
| Union Bank of India | - | 10 | |
| Intesa Sanpaolo Spa | - | 7 | |
| Deutsche Bank Sociedad Anonima | - | 6 | |
| Industrial Bank of Korea | - | 5 | |
| Otros | - | 4,169 | |
| Subtotal | 1,697,872 | 1,550,925 | |
| Total | 1,698,357 | 1,916,368 | |
a) Obligations with Central Bank of Chile
Debts to the Central Bank of Chile include credit lines for renegotiation of loans and other borrowings. These credit lines were provided by the Central Bank of Chile for renegotiation of loans due to the need to refinance debt as a result of the economic recession and crisis of the banking system in the early 1980s.
The outstanding amounts owed to the Central Bank of Chile under these credit lines are as follows:
| As of December 31, | |||
| 2017 | 2016 | ||
| MCh$ | MCh$ | ||
| Totals Line of credit for renegotiation with Central Bank of Chile | 5 | 7 | |
b) Loans from domestic financial institutions
These obligations’ maturities are as follows:
| As of December 31, | |||
| 2017 | 2016 | ||
| MCh$ | MCh$ | ||
| Due within 1 year | 480 | 365,436 | |
| Due within 1 and 2 year | - | - | |
| Due within 2 and 3 year | - | - | |
| Due within 3 and 4 year | - | - | |
| Due after 5 years | - | - | |
| Total loans from domestic financial institutions | 480 | 365,436 | |
c) Foreign obligations
| As of December 31, | |||
| 2017 | 2016 | ||
| MCh$ | MCh$ | ||
| Due within 1 year | 1,477,318 | 525,521 | |
| Due within 1 and 2 year | 185,519 | 725,315 | |
| Due within 2 and 3 year | 35,035 | 186,352 | |
| Due within 3 and 4 year | - | 80,473 | |
| Due after 5 years | - | 33,264 | |
| Total loans from foreign financial institutions | 1,697,872 | 1,550,925 | |