NOTE 17 BORROWINGS FROM FINANCIAL INSTITUTIONS
As of December 31, 2017 and 2016, borrowings from financial institutions included the following:
| As of December 31, | |||||
| 2017 | 2016 | ||||
| MCh$ | MCh$ | ||||
| Loans obtained from local financial institutions | 21,958 | — | |||
| Subtotal | 21,958 | — | |||
| Loans obtained from foreign financial institutions | |||||
| Standard Chartered Bank | 140,397 | 139,702 | |||
| Kookmin Bank of New York | 12,324 | — | |||
| Multibank Inc | 9,222 | — | |||
| Bank of Taiwan (L.A. Branch) | 4,965 | — | |||
| Bayern Landesbank | 11,245 | — | |||
| China Construction Bank | 14,133 | — | |||
| Corp. Financiera de Desarrollo S.A (Cofide) | 10,407 | — | |||
| Export Develpment Canada | 30,724 | — | |||
| Interfondos S.A Sociedad Admin de fondos | 19,906 | — | |||
| Land Bank of Taiwan, (N.Y. Branch) | 6,206 | — | |||
| Shanghai Commercial & Savings Bank | 6,145 | — | |||
| The Export-IM Apple Bank for Saving | 6,145 | — | |||
| Commerzbank AG | 89,274 | 83,876 | |||
| Wells Fargo Bank, N.A. | 157,029 | 281,670 | |||
| Corporacion Interamericana de Inversiones USA | — | 2,981 | |||
| Citibank N.A. | 168,232 | 113,450 | |||
| Findeter S.A - Financiera del Desarrollo Territorial | 49,528 | 61,763 | |||
| Sumitomo Mitsui Banking Corporation | 145,156 | 144,536 | |||
| Bancoldex S.A - Banco de Comercio Exterior de Colombia S.A | 100,834 | 51,327 | |||
| Bank of America, N.A. | 248,514 | 200,430 | |||
| Bank of Montreal | 42,836 | 79,088 | |||
| Wachovia Bank N.A. | — | 5 | |||
| Corporacion Andina de Fomento | 30,724 | 33,170 | |||
| Bank of Nova Scotia | 65,442 | 15,018 | |||
| IFC Corp Financiera Internacional | 187,507 | 133,962 | |||
| Cobank CB | 9,108 | 40,182 | |||
| Scotiabank Canada | — | 30,141 | |||
| Banco Crédito del Peru | 31,031 | 59,444 | |||
| HSBC USA | 15,362 | 26,792 | |||
| Deg Deutsche Investitions | 21,410 | 12,057 | |||
| Ing Bank NV | 16,965 | 10,019 | |||
| Bank of China lt | 4,609 | 5,024 | |||
| KFW Ipex Bank | — | 5,358 | |||
| Barclays Bank PLC London | — | 13,641 | |||
| Mercantil CA Banco Universal | 17,395 | 16,324 | |||
| Bankinter SA | — | 6,578 | |||
| Banco de Bogota | 4,118 | 31,690 | |||
| Taiwan Cooperative Bank | 9,384 | 53,117 | |||
| Banco República | 15,119 | 121,834 | |||
| Banque Nationale Du Canada | — | 23,443 | |||
| Mizuho Corporate Bank | 39,480 | 23,443 | |||
| FONDOS SURA SAF S.A.C. | 25,436 | 11,674 | |||
| BNP Paribas | 39,480 | 23,443 | |||
| Banco de la Produccion SA | — | 10,163 | |||
| Banco Latinoamericano de export. | 57,132 | 57,259 | |||
| Apple Bank for Saving | 12,290 | 13,396 | |||
| Scotia Fondos Soc. Admin de Fondos S.A. | 62,205 | 26,110 | |||
| Credicorp capital SASAF | 125,706 | 116,374 | |||
| Uni Bank & Trust, Inc | 4,916 | 10,049 | |||
| Bancaribe curacao Bank n.v. | 13,831 | 13,420 | |||
| BBVA ASSET MGMT CONTL SA SOC ADM FONDOS PERU | 39,791 | 34,262 | |||
| Others | 52,509 | 43,655 | |||
| Subtotal | 2,174,172 | 2,179,870 | |||
| Total | 2,196,130 | 2,179,870 | |||
The detail of borrowings from financial institutions by maturity was as follows:
| As of December 31, | |||||
| 2017 | 2016 | ||||
| MCh$ | MCh$ | ||||
| Due within 1 year | 1,475,588 | 1,206,576 | |||
| Due within 1 year but within 2 years | 422,911 | 730,642 | |||
| Due within 2 years but within 3 years | 106,260 | 5,068 | |||
| Due within 3 years but within 4 years | 15,154 | 12,887 | |||
| Due within 4 years but within 5 years | 73,536 | 6,889 | |||
| Due after 5 years | 102,681 | 217,808 | |||
| Total | 2,196,130 | 2,179,870 | |||