Company Overview of Banco Santander-Chile
Banco Santander-Chile provides commercial and retail banking services in Chile. It operates through Individuals and Small and Mid-Sized; Companies and Institutions; Global Banking and Markets; and Other segments. The company offers a range of products, including checking accounts and savings products; consumer, auto, residential mortgage, commercial, and government-guaranteed loans; credit and debit cards; and Chilean peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines. It also provides mutual funds, insurance and stock brokerage, foreign exchange, leasing, factoring, financial consulting, investm...
Founded in 1977
Key Executives for Banco Santander-Chile
Banco Santander-Chile does not have any Key Executives recorded.
Banco Santander-Chile Key Developments
Banco Santander-Chile, Board Meeting, Nov 17, 2015
Nov 20 15
Banco Santander-Chile, Board Meeting, Nov 17, 2015. Agenda: To consider appointment of Mr. Orlando Poblete Iturrate as member of the audit committee replacing Mr. Lisandro Serrano Spoerer due to his resignation.
Banco Santander Chile Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
Nov 5 15
Banco Santander Chile announced earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company’s net interest income was CLP 331.38 million, compared to CLP 299.11 million for the same quarter ended September 30, 2014.
For the nine months, the company’s net interest income for the nine months ended September 30, 2015 was CLP 936.53 billion, compared to CLP 960.64 billion for the same period ended September 30, 2014.
Banco Santander Chile Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
Oct 29 15
Banco Santander Chile announced its unaudited earnings results for the third quarter and nine months ended September 30, 2015. ROE reached 18.7% in the nine months of 2015. In the nine-month period ended September 30, 2015, net income attributable to shareholders totaled CLP 365,095 million or CLP 1.94 per share and USD 1.12/ADR, decreasing 11.3% compared to the same period of 2014. The Bank's sound core trends were partially offset by the negative impacts of a lower year-to-date inflation rate on margins and the higher tax rate. Net operating profits from business segments rises 8.6% year-on-year in the nine months of 2015. Net operating profit from Retail banking increased 10.3% year-on-year and 15.7% in the Middle-market. This has been achieved through positive loan growth, an improved funding mix, a rebound in fee income and lower provision expense.
Net income attributable to shareholders in the third quarter of 2015 totaled CLP 129,254 million or CLP 0.69 per share and USD 0.40/ADR decreasing 7.9% quarter-on-quarter and increasing 17.4% year-on-year. The Bank's ROAE reached 19.8% in the quarter and the efficiency ratio improved to 39.6%. The year-on-year growth of the Bank's quarterly results mainly reflects positive income trends in the Retail and Middle-market segment. Net operating profits from Retail banking increased 13.6% year-on-year, while results from the Middle-market rose 31.8% year-on-year in the quarter. This was partially offset by higher provision expenses in Global Corporate Banking in the third quarter of 2015, which lowered the results in this segment both on a year-on-year and quarter-on-quarter basis. In the third quarter, Net interest income was stable compared to second quarter 2015 and increased 10.8% year-on-year.
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