Form
20-F
|
X
|
Form
40-F
|
Yes
|
No
|
X
|
Yes
|
No
|
X
|
Yes
|
No
|
X
|
Item
|
|
1.
|
2009
Financial Statements (English translation)
|
2.
|
2009
Disclosure Update
|
Contents
|
CONSOLIDATED
STATEMENTS OF FINANCIAL POSITION
|
3
|
CONSOLIDATED
STATEMENTS OF INCOME
|
4
|
CONSOLIDATED
STATEMENTS OF COMPREHENSIVE INCOME
|
5
|
CONSOLIDATED
STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
|
6
|
CONSOLIDATED
STATEMENTS OF CASH FLOW
|
7
|
NOTE 01 -
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES:
|
9
|
NOTE 02 -
ACCOUNTING CHANGES:
|
40
|
NOTE 03 -
SIGNIFICANT EVENTS:
|
50
|
NOTE 04 -
BUSINESS SEGMENTS:
|
53
|
NOTE 05 -
CASH AND CASH EQUIVALENTS:
|
58
|
NOTE 06 -
TRADING INVESTMENTS:
|
59
|
NOTE 07 -
INVESTMENTS UNDER RESALE AGREEMENTS:
|
60
|
NOTE 08 -
DERIVATIVE FINANCIAL INSTRUMENT AND HEDGE
ACCOUNTING:
|
63
|
NOTE 09 -
INTERBANK LOANS:
|
71
|
NOTE 10 -
LOANS AND ACCOUNTS RECEIVABLES FROM CUSTOMERS:
|
72
|
NOTE 11 -
LOAN PURCHASES, SALES AND SUBSTITUTIONS:
|
77
|
NOTE
12 - AVAILABLE FOR SALE INVESTMENTS:
|
78
|
NOTE 13 -
INVESTMENTS IN OTHER COMPANIES:
|
84
|
NOTE 14 -
INTANGIBLE ASSETS:
|
86
|
NOTE 15 -
PROPERTY, PLANT AND EQUIPMENT:
|
88
|
NOTE 16 -
CURRENT TAXES AND DEFERRED TAXES:
|
91
|
NOTE 17 -
OTHER ASSETS:
|
94
|
NOTE 18 -
DEPOSITS AND OTHER LIABILITIES:
|
95
|
NOTE 19 -
INTERBANK BORROWINGS:
|
96
|
NOTE 20 -
DEBT INSTRUMENTS ISSUED AND OTHER OBLIGATIONS
|
98
|
NOTE 21 -
MATURITIES OF ASSETS AND LIABILITIES:
|
103
|
NOTE 22 -
PROVISIONS:
|
106
|
NOTE 23 -
OTHER LIABILITIES:
|
108
|
NOTE 24 -
CONTINGENCIES AND COMMITMENTS:
|
109
|
NOTE 25 -
SHAREHOLDERS’ EQUITY:
|
112
|
NOTE
26 - CAPITAL REQUIREMENTS (BASEL):
|
115
|
NOTE 27 -
MINORITY INTERESTS:
|
117
|
NOTE 28 -
INTEREST INCOME AND EXPENSE:
|
119
|
NOTE 29 -
FEES AND COMMISSIONS:
|
121
|
NOTE 30 -
INCOME FROM FINANCIAL OPERATIONS:
|
122
|
NOTE 31 -
NET FOREIGN EXCHANGE INCOME:
|
122
|
NOTE 32 -
ALLOWANCES FOR LOAN LOSSES:
|
123
|
NOTE 33 -
PERSONNEL COMPENSATION AND EXPENSES:
|
124
|
NOTE 34 -
ADMINISTRATIVE EXPENSES:
|
128
|
NOTE 35 -
DEPRECIATION AND AMORTIZATION:
|
129
|
NOTE 36 -
OTHER OPERATING INCOME AND EXPENSES:
|
130
|
NOTE 37 -
TRANSACTIONS WITH RELATED PARTIES:
|
132
|
NOTE 38 -
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES:
|
141
|
NOTE 39 -
RISK MANAGEMENT:
|
146
|
NOTE 40 -
SUBSEQUENT EVENTS:
|
160
|
Deloitte
Auditores y Consultores
Limitada
RUT:
80.276.200-3
Av. Providencia
1760
Pisos 6, 7, 8, 9, 13 y
18
Providencia,
Santiago
Chile
Fono: (56-2) 729
7000
Fax: (56-2) 374
9177
e-mail:
deloittechile@deloitte.com
www.deloitte.cl
|
December 31,
2009
|
December 31,
2009
|
December 31,
2008
|
January 1,
2008
|
|||||||||||||||||
NOTE
|
ThUS$
|
MCh$
|
MCh$
|
MCh$
|
||||||||||||||||
ASSETS
|
||||||||||||||||||||
Cash
and deposits in banks
|
5 | 4,028,503 | 2,043,458 | 855,411 | 1,108,637 | |||||||||||||||
Unsettled
transactions
|
5 | 922,886 | 468,134 | 335,405 | 316,240 | |||||||||||||||
Trading
investments
|
6 | 1,574,251 | 798,539 | 1,166,426 | 1,093,445 | |||||||||||||||
Investments
under resale agreements
|
7 | 27,639 | 14,020 | - | 33,999 | |||||||||||||||
Financial
derivative contracts
|
8 | 2,747,911 | 1,393,878 | 1,846,509 | 780,775 | |||||||||||||||
Interbank
loans
|
9 | 46,072 | 23,370 | 95,499 | 45,961 | |||||||||||||||
Loans
and accounts receivables from customers
|
10 | 26,374,330 | 13,378,379 | 14,311,349 | 12,022,275 | |||||||||||||||
Available
for sale investments
|
12 | 3,607,866 | 1,830,090 | 1,580,240 | 779,635 | |||||||||||||||
Held
to maturity investments
|
12 | - | - | - | ||||||||||||||||
Investments
in other companies
|
13 | 14,622 | 7,417 | 7,277 | 7,301 | |||||||||||||||
Intangible
assets
|
14 | 152,311 | 77,260 | 68,232 | 56,224 | |||||||||||||||
Property,
plant and equipment
|
15 | 362,981 | 184,122 | 200,389 | 202,489 | |||||||||||||||
Current
taxes
|
16 | 8,952 | 4,541 | 18,715 | 2,499 | |||||||||||||||
Deferred
taxes
|
16 | 187,736 | 95,229 | 88,825 | 80,989 | |||||||||||||||
Other
assets
|
17 | 892,181 | 452,559 | 508,655 | 460,282 | |||||||||||||||
TOTAL
ASSETS
|
40,948,241 | 20,770,996 | 21,082,932 | 16,990,751 | ||||||||||||||||
LIABILITIES
|
||||||||||||||||||||
Deposits
and other demand liabilities
|
18 | 6,966,060 | 3,533,534 | 2,948,162 | 2,867,934 | |||||||||||||||
Unsettled
transactions
|
5 | 543,073 | 275,474 | 142,552 | 135,219 | |||||||||||||||
Investments
under repurchase agreements
|
7 | 2,197,348 | 1,114,605 | 562,223 | 307,630 | |||||||||||||||
Time
deposits and other time liabilities
|
18 | 14,145,406 | 7,175,257 | 9,756,266 | 7,887,897 | |||||||||||||||
Financial
derivative contracts
|
8 | 2,659,253 | 1,348,906 | 1,469,724 | 778,217 | |||||||||||||||
Interbank
borrowings
|
19 | 4,035,071 | 2,046,790 | 1,425,067 | 1,099,457 | |||||||||||||||
Issued
debt instruments
|
20 | 5,765,749 | 2,924,676 | 2,651,372 | 2,154,996 | |||||||||||||||
Other
financial liabilities
|
20 | 289,622 | 146,911 | 131,318 | 175,667 | |||||||||||||||
Current
taxes
|
16 | 125,837 | 63,831 | 791 | 16,067 | |||||||||||||||
Deferred
taxes
|
16 | 6,663 | 3,380 | 19,437 | 11,084 | |||||||||||||||
Provisions
|
22 | 366,922 | 186,121 | 166,719 | 50,102 | |||||||||||||||
Other
liabilities
|
23 | 519,263 | 263,396 | 293,733 | 118,549 | |||||||||||||||
TOTAL
LIABILITIES
|
37,620,267 | 19,082,881 | 19,567,364 | 15,602,819 | ||||||||||||||||
SHAREHOLDERS’
EQUITY
|
||||||||||||||||||||
Attributable
to Bank shareholders:
|
3,269,228 | 1,658,316 | 1,489,689 | 1,369,798 | ||||||||||||||||
Capital
|
25 | 1,757,128 | 891,303 | 891,303 | 818,535 | |||||||||||||||
Reserves
|
25 | 101,605 | 51,539 | 51,539 | 47,330 | |||||||||||||||
Valuation
adjustments
|
25 | (52,842 | ) | (26,804 | ) | (7,552 | ) | (9,475 | ) | |||||||||||
Retained
earnings
|
25 | 1,463,337 | 742,278 | 554,399 | 513,408 | |||||||||||||||
Retained
earnings of prior years
|
25 | 868,213 | 440,401 | 237,788 | 513,408 | |||||||||||||||
Income
for the period
|
25 | 850,178 | 431,253 | 415,055 | - | |||||||||||||||
Minus:
Provision for mandatory dividends
|
25 | (255,054 | ) | (129,376 | ) | (98,444 | ) | - | ||||||||||||
Minority
interest
|
27 | 58,746 | 29,799 | 25,879 | 18,134 | |||||||||||||||
TOTAL
SHAREHOLDERS’ EQUITY
|
3,327,974 | 1,688,115 | 1,515,568 | 1,387,932 | ||||||||||||||||
TOTAL
LIABILITIES AND SHAREHOLDERS’ EQUITY
|
40,948,241 | 20,770,996 | 21,082,932 | 16,990,751 |
December
31,
|
December
31,
|
|||||||||||||||
2009
|
2009
|
2008
|
||||||||||||||
NOTE
|
ThUS$
|
MCh$
|
MCh$
|
|||||||||||||
OPERATING
INCOME
|
||||||||||||||||
Interest
income
|
28 | 2,381,031 | 1,207,778 | 2,061,346 | ||||||||||||
Interest
expense
|
28 | (692,483 | ) | (351,262 | ) | (1,169,280 | ) | |||||||||
Net interest
income
|
1,688,548 | 856,516 | 892,066 | |||||||||||||
Fee and commission
income
|
29 | 622,819 | 315,925 | 295,969 | ||||||||||||
Fee and commision
expense
|
29 | (121,824 | ) | (61,795 | ) | (52,840 | ) | |||||||||
Net fee and commission
income
|
500,995 | 254,130 | 243,129 | |||||||||||||
Net income from financial
operations (net
trading income)
|
30 | 7,663 | 3,887 | 273,477 | ||||||||||||
Foreign exchange profit (loss),
net
|
31 | 321,816 | 163,241 | (187,042 | ) | |||||||||||
Other operating
income
|
36 | 65,536 | 33,243 | 18,222 | ||||||||||||
Total operating
income
|
2,584,558 | 1,311,017 | 1,239,852 | |||||||||||||
Provision for loan
losses
|
32 | (658,151 | ) | (333,847 | ) | (287,983 | ) | |||||||||
NET OPERATING PROFIT
|
1,926,407 | 977,170 | 951,869 | |||||||||||||
Personnel salaries and
expenses
|
33 | (442,551 | ) | (224,484 | ) | (246,775 | ) | |||||||||
Administrative
expenses
|
34 | (269,516 | ) | (136,712 | ) | (133,682 | ) | |||||||||
Depreciation and
amortization
|
35 | (91,913 | ) | (46,623 | ) | (47,627 | ) | |||||||||
Impairment
|
15 | (148 | ) | (75 | ) | (84 | ) | |||||||||
Other operating
expenses
|
36 | (87,541 | ) | (44,405 | ) | (41,594 | ) | |||||||||
TOTAL OPERATING
EXPENSES
|
(891,669 | ) | (452,299 | ) | (469,762 | ) | ||||||||||
OPERATING
INCOME
|
1,034,738 | 524,871 | 482,107 | |||||||||||||
Income from investments in other
companies
|
13 | 586 | 297 | 632 | ||||||||||||
Income before
tax
|
1,035,324 | 525,168 | 482,739 | |||||||||||||
Income tax expense
|
16 | (175,184 | ) | (88,862 | ) | (60,087 | ) | |||||||||
CONSOLIDATED INCOME FOR THE PERIOD
|
860,140 | 436,306 | 422,652 | |||||||||||||
Attributable
to:
|
||||||||||||||||
Bank shareholders (Equity holders of the
Bank)
|
850,178 | 431,253 | 415,055 | |||||||||||||
Minority interest
|
27 | 9,962 | 5,053 | 7,597 | ||||||||||||
Earnings per share attributable to Bank
shareholders:
|
||||||||||||||||
(expressed in
pesos)
|
||||||||||||||||
Basic
earning
|
25 | 4.511 | 2.288 | 2.203 | ||||||||||||
Diluted
earning
|
25 | 4.511 | 2.288 | 2.203 |
December
31,
|
December
31,
|
|||||||||||||||
2009
|
2009
|
2008
|
||||||||||||||
NOTE
|
ThUS$
|
MCh$
|
MCh$
|
|||||||||||||
CONSOLIDATED
INCOME FOR THE PERIOD
|
860,140 | 436,306 | 422,652 | |||||||||||||
OTHER
COMPREHENSIVE INCOME
|
||||||||||||||||
Available for sale
investments
|
12 | (18,305 | ) | (9,285 | ) | (14,471 | ) | |||||||||
Cash flow
hedge
|
8 | (27,669 | ) | (14,035 | ) | 16,740 | ||||||||||
Other comprehensive income before
income tax
|
(45,974 | ) | (23,320 | ) | 2,269 | |||||||||||
Income tax related to other
comprehensive income
|
16 | 7,815 | 3,964 | (385 | ) | |||||||||||
Total other comprehensive
income
|
(38,159 | ) | (19,356 | ) | 1,884 | |||||||||||
CONSOLIDATED COMPREHENSIVE INCOME
FOR THE
YEAR
|
821,981 | 416,950 | 424,536 | |||||||||||||
Attributable
to:
|
||||||||||||||||
Bank
shareholders
|
812,225 | 412,001 | 416,978 | |||||||||||||
Minority
interest
|
27 | 9,756 | 4,949 | 7,558 |
RESERVES
|
VALUATION
ACCOUNTS
|
RETAINED
EARNINGS
|
||||||||||||||||||||||||||||||||||||||||||||||
Capital
|
Reserves
and other retained earnings
|
Merger
of companies under common control
|
Available
for sale investments
|
Cash
flow coverage
|
Income
tax
|
Retained
earnings from prior years
|
Income
for the Period
|
Provision
for
mandatory
dividend |
Total
attributable to shareholders
|
Minority
Interest
|
TOTAL
SHAREHOLDERS’ EQUITY
|
|||||||||||||||||||||||||||||||||||||
Shareholders’
equity as of December 31, 2007
|
818,535 | 49,372 | (2,042 | ) | (5,548 | ) | (5,867 | ) | 1,940 | 273,005 | 308,647 | - | 1,438,042 | 20,047 | 1,458,089 | |||||||||||||||||||||||||||||||||
Distribution
of income from previous period
|
- | - | - | - | - | 308,647 | (308,647 | ) | - | - | - | - | ||||||||||||||||||||||||||||||||||||
Subtotals
|
818,535 | 49,372 | (2,042 | ) | (5,548 | ) | (5,867 | ) | 1,940 | 581,652 | - | - | 1,438,042 | 20,047 | 1,458,089 | |||||||||||||||||||||||||||||||||
Effect
of first application of IFRS
|
- | - | - | - | - | - | (68,244 | ) | - | - | (68,244 | ) | (1,913 | ) | (70,157 | ) | ||||||||||||||||||||||||||||||||
Shareholders’
equity as of January 1, 2008
|
818,535 | 49,372 | (2,042 | ) | (5,548 | ) | (5,867 | ) | 1,940 | 513,408 | - | - | 1,369,798 | 18,134 | 1,387,932 | |||||||||||||||||||||||||||||||||
Adjustment
pursuant to Circular #3443, mandatory dividend 2008
|
- | - | - | - | - | - | - | - | (92,594 | ) | (92,594 | ) | - | (92,594 | ) | |||||||||||||||||||||||||||||||||
Dividends
distributions / Withdrawals made
|
- | - | - | - | - | - | (200,619 | ) | - | 92,594 | (108,025 | ) | (33 | ) | (108,058 | ) | ||||||||||||||||||||||||||||||||
2008
price-level restatement restitution
|
72,768 | 4,391 | (182 | ) | (75,001 | ) | 1,976 | - | 1,976 | |||||||||||||||||||||||||||||||||||||||
Other
changes in shareholders’ equity
|
- | - | - | - | - | - | - | - | - | - | 220 | 220 | ||||||||||||||||||||||||||||||||||||
Provision
for mandatory dividends
|
- | - | - | - | - | - | - | - | (98,444 | ) | (98,444 | ) | - | (98,444 | ) | |||||||||||||||||||||||||||||||||
Subtotals
|
72,768 | 4,391 | (182 | ) | - | - | - | (275,620 | ) | - | (98,444 | ) | (297,087 | ) | 187 | (296,900 | ) | |||||||||||||||||||||||||||||||
Other
comprehensive income
|
- | - | - | (14,424 | ) | 16,740 | (393 | ) | - | - | - | 1,923 | (39 | ) | 1,884 | |||||||||||||||||||||||||||||||||
Income
for the period
|
- | - | - | - | - | - | - | 415,055 | - | 415,055 | 7,597 | 422,652 | ||||||||||||||||||||||||||||||||||||
Subtotals
|
- | - | - | (14,424 | ) | 16,740 | (393 | ) | - | 415,055 | - | 416,978 | 7,558 | 424,536 | ||||||||||||||||||||||||||||||||||
Shareholders’
equity as of December 31, 2008
|
891,303 | 53,763 | (2,224 | ) | (19,972 | ) | 10,873 | 1,547 | 237,788 | 415,055 | (98,444 | ) | 1,489,689 | 25,879 | 1,515,568 | |||||||||||||||||||||||||||||||||
Shareholders’
equity as of December 31, 2008
|
891,303 | 53,763 | (2,224 | ) | (19,972 | ) | 10,873 | 1,547 | 237,788 | 415,055 | (98,444 | ) | 1,489,689 | 25,879 | 1,515,568 | |||||||||||||||||||||||||||||||||
Distribution
of income from previous period
|
- | - | - | - | - | - | 415,055 | (415,055 | ) | - | - | - | - | |||||||||||||||||||||||||||||||||||
Shareholders’
equity as of January 1, 2009
|
891,303 | 53,763 | (2,224 | ) | (19,972 | ) | 10,873 | 1,547 | 652,843 | - | (98,444 | ) | 1,489,689 | 25,879 | 1,515,568 | |||||||||||||||||||||||||||||||||
Increase
or decrease of capital and reserves
|
- | - | - | - | - | - | - | - | - | - | 5,600 | 5,600 | ||||||||||||||||||||||||||||||||||||
Dividends
distributions / Withdrawals made
|
- | - | - | - | - | - | (213,295 | ) | - | 98,444 | (114,851 | ) | (5,258 | ) | (120,109 | ) | ||||||||||||||||||||||||||||||||
Other
changes in shareholders’ equity
|
- | - | - | - | - | 853 | - | - | 853 | (1,371 | ) | (518 | ) | |||||||||||||||||||||||||||||||||||
Provision
for mandatory dividends 2008
|
- | - | - | - | - | - | - | - | (129,376 | ) | (129,376 | ) | - | (129,376 | ) | |||||||||||||||||||||||||||||||||
Subtotals
|
- | - | - | - | - | - | (212,442 | ) | - | (30,932 | ) | (243,374 | ) | (1,029 | ) | (244,403 | ) | |||||||||||||||||||||||||||||||
Other
comprehensive income
|
- | - | - | (9,160 | ) | (14,035 | ) | 3,943 | - | - | - | (19,252 | ) | (104 | ) | (19,356 | ) | |||||||||||||||||||||||||||||||
Income
for the period
|
- | - | - | - | - | - | - | 431,253 | - | 431,253 | 5,053 | 436,306 | ||||||||||||||||||||||||||||||||||||
Subtotals
|
- | - | - | (9,160 | ) | (14,035 | ) | 3,943 | - | 431,253 | - | 412,001 | 4,949 | 416,950 | ||||||||||||||||||||||||||||||||||
Shareholders’
equity as of December 31, 2009
|
891,303 | 53,763 | (2,224 | ) | (29,132 | ) | (3,162 | ) | 5,490 | 440,401 | 431,253 | (129,376 | ) | 1,658,316 | 29,799 | 1,688,115 |
Period
|
Total
attributable to shareholders
|
Allocated
to reserves or retained earnings
|
Allocated
to dividends
|
Percentage
distributed
|
Number
of
Shares
|
Dividend
per share
(in
pesos)
|
||||||||||||||||||
-
Year 2007 (Shareholder’s Meeting April 2008)
|
308,647
|
108,028
|
200,619
|
65%
|
188,446,126,794 |
1.065
|
||||||||||||||||||
-
Year 2009 (Shareholder’s Meeting April 2009)
|
328,146
|
114,851
|
213,295
|
65%
|
188,446,126,794
|
1.132
|
December
31,
|
December
31,
|
|||||||||||||||
2009
|
2009
|
2008
|
||||||||||||||
NOTE
|
ThUS$
|
MCh$
|
MCh$
|
|||||||||||||
A
- CASH FLOWS FROM OPERATING ACTIVITIES:
|
||||||||||||||||
CONSOLIDATED
INCOME BEFORE TAX
|
1,035,324 | 525,168 | 482,739 | |||||||||||||
Debits
(credits) to income that do not represent cash flows
|
(1,475,048 | ) | (748,218 | ) | (771,815 | ) | ||||||||||
Depreciation
and amortization
|
35 | 91,913 | 46,623 | 47,627 | ||||||||||||
Impairment
of property, plant and equipment
|
15 | 148 | 75 | 84 | ||||||||||||
Provision
for loan losses
|
32 | 735,576 | 373,121 | 325,877 | ||||||||||||
Mark
to market of trading investments
|
(58,997 | ) | (29,926 | ) | (1,121 | ) | ||||||||||
Net
Gain on investments in other companies
|
13 | (586 | ) | (297 | ) | (632 | ) | |||||||||
Net
Gain on sale of assets received in lieu of payment
|
36 | (14,600 | ) | (7,406 | ) | (8,844 | ) | |||||||||
Net
Gain on sale of investments in other companies
|
36 | (3,665 | ) | (1,859 | ) | (4,348 | ) | |||||||||
Net
Gain on sale of property, plant and equipment
|
36 | (14,979 | ) | (7,598 | ) | (719 | ) | |||||||||
Write-off
of assets received in lieu of payment
|
36 | 16,150 | 8,192 | 5,324 | ||||||||||||
Net
interest income
|
28 | (1,688,548 | ) | (856,516 | ) | (892,066 | ) | |||||||||
Net
fee and commission income
|
29 | (500,995 | ) | (254,130 | ) | (243,129 | ) | |||||||||
Changes
in assets and liabilities due to deferred taxes
|
16 | (36,465 | ) | (18,497 | ) | 132 | ||||||||||
Increase/decrease
in operating assets and liabilities
|
3,437,736 | 1,743,792 | 133,936 | |||||||||||||
Decrease
(increase) of loans and accounts receivable from customers
|
1,283,578 | 651,095 | (1,947,234 | ) | ||||||||||||
Decrease
(increase) of financial investments
|
141,031 | 71,538 | (909,242 | ) | ||||||||||||
Decrease
(increase) due to resale agreements
|
(26,965 | ) | (13,678 | ) | 39,512 | |||||||||||
Decrease
(increase) of interbank loans
|
142,196 | 72,129 | (49,561 | ) | ||||||||||||
Decrease
of assets received or awarded in lieu of payment
|
15,426 | 7,825 | (10,195 | ) | ||||||||||||
Increase
of debits in checking accounts
|
998,634 | 506,557 | 108,470 | |||||||||||||
Increase
(decrease) of time deposits and other time liabilities
|
(4,361,508 | ) | (2,212,375 | ) | 1,547,972 | |||||||||||
Increase
of obligations with domestic banks
|
54,017 | 27,400 | 1,786 | |||||||||||||
Increase
(decrease) of other demand liabilities or time obligations
|
230,484 | 116,913 | (57,278 | ) | ||||||||||||
Increase
of obligations with foreign banks
|
1,177,311 | 597,191 | 321,580 | |||||||||||||
Decrease
of obligations with Central Bank of Chile
|
(1,199 | ) | (608 | ) | (959 | ) | ||||||||||
Increase
of repurchase agreements
|
1,093,782 | 554,821 | 280,412 | |||||||||||||
Decrease
of other short-term liabilities
|
(18,752 | ) | (9,512 | ) | (58,173 | ) | ||||||||||
Net
increase of other assets and liabilities
|
(87,353 | ) | (44,310 | ) | (210,160 | ) | ||||||||||
Issuance
of letters of credit
|
8,883 | 4,506 | - | |||||||||||||
Redemption
of letters of credit
|
(206,957 | ) | (104,979 | ) | (161,664 | ) | ||||||||||
Senior
bond issuances
|
1,477,378 | 749,400 | 303,722 | |||||||||||||
Redemption
of senior bonds and payments of interest
|
(505,668 | ) | (256,500 | ) | (24,771 | ) | ||||||||||
Interest
received
|
3,113,755 | 1,579,452 | 1,604,287 | |||||||||||||
Interest
paid
|
(1,417,790 | ) | (719,174 | ) | (828,248 | ) | ||||||||||
Dividends
received from investments in other companies
|
13 | 1,642 | 833 | 638 | ||||||||||||
Fees
and commissions received
|
29 | 622,819 | 315,925 | 295,969 | ||||||||||||
Fees
and commissions paid
|
29 | (121,824 | ) | (61,795 | ) | (52,840 | ) | |||||||||
Income
tax paid
|
16 | (175,184 | ) | (88,862 | ) | (60,087 | ) | |||||||||
Net
cash from (used in) operating activities
|
2,998,012 | 1,520,742 | (155,140 | ) | ||||||||||||
December
31,
|
December
31,
|
|||||||||||||||
2009
|
2009
|
2008
|
||||||||||||||
NOTE
|
ThUS$
|
MCh$
|
MCh$
|
|||||||||||||
B
- CASH FLOWS FROM INVESTMENT ACTIVITIES:
|
||||||||||||||||
Purchases
of property, plant and equipment
|
15 | (23,176 | ) | (11,756 | ) | (19,562 | ) | |||||||||
Sales
of property, plant and equipment
|
34,322 | 17,410 | 12,014 | |||||||||||||
Purchases
of investments in other companies
|
13 | (63 | ) | (32 | ) | - | ||||||||||
Sales
of investments in other companies
|
13 | 412 | 209 | 386 | ||||||||||||
Purchases
of intangible assets
|
14 | (66,949 | ) | (33,960 | ) | (38,177 | ) | |||||||||
Net
cash used in investment activities
|
(55,454 | ) | (28,129 | ) | (45,339 | ) | ||||||||||
C
- CASH FLOW FROM FINANCING ACTIVITIES:
|
||||||||||||||||
From
shareholders’ financing activities
|
(601,481 | ) | (305,101 | ) | (40,882 | ) | ||||||||||
Increase
of other obligations
|
80,607 | 40,888 | 27,044 | |||||||||||||
Subordinated
bond issuances
|
11,856 | 6,014 | 145,421 | |||||||||||||
Redemption
of subordinated bonds and interest payments
|
(273,451 | ) | (138,708 | ) | (12,728 | ) | ||||||||||
Dividends
paid
|
25 | (420,493 | ) | (213,295 | ) | (200,619 | ) | |||||||||
From
minority shareholder financing activities
|
674 | 342 | (33 | ) | ||||||||||||
Increases
of capital
|
11,040 | 5,600 | - | |||||||||||||
Dividends
and/or withdrawals paid
|
(10,366 | ) | (5,258 | ) | (33 | ) | ||||||||||
Net
cash used in financing activities
|
(600,807 | ) | (304,759 | ) | (40,915 | ) | ||||||||||
D
– NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS DURING THE
PERIOD
|
2,341,751 | 1,187,854 | (241,394 | ) | ||||||||||||
E
- INITIAL BALANCE OF CASH AND CASH EQUIVALENTS
|
2,066,563 | 1,048,264 | 1,289,658 | |||||||||||||
FINAL
BALANCE OF CASH AND CASH EQUIVALENTS
|
5 | 4,408,314 | 2,236,118 | 1,048,264 |
BANCO
SANTANDER CHILE AND AFFILIATES
NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS
OF DECEMBER 31, 2009, 2008 AND JANUARY 1, 2008
|
BANCO
SANTANDER CHILE AND AFFILIATES
NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS
OF DECEMBER 31, 2009, 2008 AND JANUARY 1, 2008
|
Percentage
Share
|
||||||||||||||||||||||||||||||||||||
As
of December 31,
|
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