BANCO SANTANDER CHILE | CIK:0001027552 | 3

  • Filed: 3/28/2018
  • Entity registrant name: BANCO SANTANDER CHILE (CIK: 0001027552)
  • Generator: S2 Filings
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1027552/000095010318003835/0000950103-18-003835-index.htm
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    • ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory

    NOTE 29

    PROVISIONS FOR LOAN LOSSES

     

    a) For the years ended December 31, 2017, 2016 and 2015 activity for provisions for loan losses is as follows:

     

      Loans and accounts receivable from customers     Total
    For the year ended December 31, 2017

    Interbank 

    loans 

    Individual

    Commercial

    loans

    Mortgage

    loans

    Consumer

    loans

    Contingent

    loans 

      Individual Group Group Group Individual Group
      MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
    Charged-off individually significant loans -  (15,699) - - - -  - (15,699)
    Provisions established (307) (64,658) (148,681) (43,621) (252,038) (3,117) (4,224) (516,646)
    Total provisions and charge-offs (307) (80,357) (148,681) (43,621) (252,038) (3,117) (4,224) (532,345)
    Provisions released 3,970 55,925 20,491 11,427 46,089 7,001 1,660 146,563
    Recovery of loans previously charged off  - 11,114 21,499 10,942 39,972 - - 83,527
    Net charge to income 3,663 (13,318) (106,691)

    (21,252) 

    (165,977) 

    3,884

    (2,564)

    (302,255)

                         

      Loans and accounts receivable from customers     Total
    For the year ended December 31, 2016

    Interbank

    loans

    Individual

    Commercial 

    loans 

    Mortgage

    loans

    Consumer 

    loans 

    Contingent

    loans

      Individual Group Group Group Individual Group
      MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
    Charged-off individually significant loans - (11,222) - - - - - (11,222)
    Provisions established (3,052) (61,002) (133,855) (50,892) (280,544) (11,986) (2,909) (544,240)
    Total provisions and charge-offs (3,052) (72,224) (133,855) (50,892) (280,544) (11,986) (2,909) (555,462)
    Provisions released 83 43,183 14,432 34,246 30,790 6,963 5,384 135,081
    Recovery of loans previously charged off - 11,142 16,043 10,041 41,072 - - 78,298
    Net charge to income (2,969) (17,899) (103,380) (6,605) (208,682) (5,023) 2,475 (342,083)
                         

      Loans and accounts receivable from customers     Total
    For the year ended December 31, 2015

    Interbank

    loans

    Individual

    Commercial

    loans

    Mortgage

    loans

    Consumer 

    loans

    Contingent

    loans

      Individual Group Group Group Individual Group
      MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
    Charged-off individually significant loans - (12,955) - - - - - (12,955)
    Provisions established (1,357) (124,968) (136,778) (34,373) (248,937) (2,808) (2,601) (551,822)
    Total provisions and charge-offs (1,357) (137,923) (136,778) (34,373) (248,937) (2,808) (2,601) (564.777)
    Provisions released 192 46,614 17,885 7,205 18,126 5,042 2,296 97,360
    Recovery of loans previously charged off - 8.978 17,054 6,543 35,565 - - 68,140
    Net charge to income (1,165) (82,331) (101,839) (20,625) (195,246) 2,234 (305) (399.277)
                         

    b) The detail of Charge-off of individually significant loans, is as follows:

     

        For the years ended December 31,
        2017 2016   2015
        MCh$ MCh$   MCh$
               
    Charge-off of loans    51,978 47,605   50,656
    Provision applied   (36,279) (36,383)   (37,701)
    Net charge offs of individually significant loans     15,699 11,222   12,955