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Banco Santander Chile announced its first-quarter 2024 earnings, reporting a net income decrease of 11.4% compared to the previous year. The bank showed a solid capital position with a CET1 ratio of 10.4% and a BIS ratio of 17.0%. Loan growth was driven by mortgages and commercial lending, while total deposits increased 2.5% QoQ. Interest income saw a recovery in 1Q24, and net income from fees increased 10.1% in the quarter. Support expenses grew 4.3% in line with guidance. The bank's efficiency ratio reached 47.4% as of March 31, 2024.