CORPBANCA/FI | CIK:0001276671 | 3

  • Filed: 5/4/2018
  • Entity registrant name: CORPBANCA/FI (CIK: 0001276671)
  • Generator: S2 Filings
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1276671/000161577418003331/0001615774-18-003331-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1276671/000161577418003331/itcb-20171231.xml
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  • ifrs-full:DisclosureOfLoansAndAdvancesToBanksExplanatory

    NOTE 9 LOANS AND RECEIVABLES FROM BANKS

     

    As of December 31, 2017 and 2016, loans and receivables from banks were as follows:

     

        As of December 31  
        2017   2016  
        MCh$   MCh$  
    Local Banks          
    Loans to local banks      
    Allowances for loans losses      
    Subtotal      
    Foreign Banks          
    Interbanks cash loans   862   59,393  
    Loans to foreign banks   13,875   27,618  
    Non-transferrable deposits with foreign banks   21,544   63,769  
    Allowances for loans losses   (208 ) (212 )
    Subtotal   36,073   150,568  
    Banco Central of Chile          
    Deposits in the Central Bank of Chile   34,004    
    Subtotal   34,004    
    Total   70,077   150,568  

     

    The movement in the allowances for loan losses as of December 31, 2017 and 2016 was as follows:

     

            As of December 31, 2017  
            Local Banks   Foreign Banks   Total  
        Notes   MCh$   MCh$   MCh$  
    Balance as of January 1, 2017         (212 ) (212 )
    Write-offs            
    Established provisions   27     (226 ) (226 )
    Released provisions   27     209   209  
    Impairment            
    Exchange differences         21   21  
    Balances as of December 31, 2017         (208 ) (208 )

     

            As of December 31, 2016  
            Local Banks   Foreign Banks   Total  
        Notes   MCh$   MCh$   MCh$  
    Balance as of January 1, 2016       (17 ) (53 ) (70 )
    Write-offs            
    Established provisions   27   (29 ) (278 ) (307 )
    Integration Itaú Corpbanca         (120 ) (120 )
    Released provisions   27   46   240   286  
    Impairment            
    Exchange differences         (1 ) (1 )
    Balances as of December 31, 2016         (212 ) (212 )