Welcome to our dedicated page for Banco Santiago news (Ticker: BSAC), a resource for investors and traders seeking the latest updates and insights on Banco Santiago stock.
Banco Santiago (BSAC) is a leading Chilean financial institution providing consumer banking, commercial loans, and card services since 1978. This page aggregates all verified news and official announcements related to BSAC's operations, financial performance, and market position.
Key features for stakeholders: Track earnings reports, regulatory updates, leadership changes, and strategic partnerships through primary-source documents and curated analysis. Content spans mortgage lending developments, SME financing initiatives, and innovations in Chile's retail banking sector.
Regular updates include: Quarterly earnings disclosures, merger/acquisition alerts, credit rating changes, and product launches. Investors gain insights into BSAC's net interest margin trends, risk management practices, and competitive positioning against regional banks.
Bookmark this page for streamlined access to BSAC's financial communications. Combine with our fundamental analysis tools to contextualize news within the company's long-term performance metrics.
Banco Santander Chile (NYSE: BSAC) has announced its upcoming First Quarter 2025 financial results conference call and webcast, scheduled for Thursday, May 8, 2025, at 10:00 AM EST. The presentation will feature key executives including Patricia Pérez (CFO), Cristian Vicuña (Chief Strategy Officer & Head of IR), and Andrés Sansone (Chief Economist).
The bank's financial position as of December 31, 2024, shows:
- Total assets of US$68,865 million
- Gross loans of US$41,569 million
- Total deposits of US$31,545 million
- Shareholders' equity of US$4,318 million
- BIS capital ratio of 17.1%
- Core capital ratio of 10.5%
The bank maintains strong credit ratings including A2 from Moody's, A- from S&P, and A+ from Japan Credit Rating Agency, with Stable Outlook across all ratings. The institution employs 8,757 people and operates 236 branches throughout Chile.
Banco Santander Chile (NYSE: BSAC) has announced the filing of its Annual Report on Form 20-F for fiscal year 2024 with the U.S. Securities and Exchange Commission (SEC). The 2024 Annual Report, which includes complete audited financial statements, is now accessible through:
- SEC's website (www.sec.gov)
- Santander Chile's corporate website (www.santander.cl)
Shareholders can request a free hard copy of the report by contacting the company's Investor Relations Office at +56 2 26483583 or via email at irelations@santander.cl.
Banco Santander Chile (NYSE: BSAC) has announced that Andrés Trautmann Buc will become the new CEO and Country Head, effective July 1, 2025, replacing Román Blanco Reinosa. Trautmann, currently Executive Vice President of Santander Corporate & Investment Banking (CIB), brings extensive experience since joining the Group in 2007.
Under Blanco's leadership, Santander achieved significant milestones, including a 26% ROAE in Q4 2024 and total profits of 865 billion pesos in 2024. The bank maintains strong financial metrics with a P/BV ratio of 2.2x and an A2 rating from Moody's. As of December 31, 2024, the bank reported total assets of US$68,865 million, gross loans of US$41,569 million, and total deposits of US$31,545 million. The bank operates with 8,757 employees across 236 branches, maintaining a solid BIS capital ratio of 17.1% and a core capital ratio of 10.5%.
Banco Santander Chile (NYSE: BSAC) reported strong financial results for Q4 and full-year 2024. Net income attributable to shareholders reached $858 billion ($1.83 per ADR), marking a 72.8% increase year-over-year, with a Return on Average Equity (ROAE) of 20.2%. The bank achieved a robust NIM recovery of 4.2% in Q4 and 3.6% for 2024.
Operating income increased by 34.5% YoY, driven by stronger interest margins and lower funding costs, which decreased from 6.8% to 4.7%. The bank expanded its customer base by 6.4% YoY to 4.3 million customers, with digital customers growing 5.9% to 2.2 million. Customer funds increased 12.6% since December 2023, while the efficiency ratio improved to 39.0% from 46.6% year-over-year.
The bank maintained solid capital levels with a BIS ratio of 17.1% and CET1 of 10.5%, including a proposed 70% dividend payout for 2024 earnings.
Banco Santander Chile (NYSE: BSAC) has scheduled its fourth quarter 2024 financial results conference call and webcast for February 7, 2025, at 11:00 AM EST. Key participants will include CFO Patricia Pérez, Chief Strategy Officer & Head of IR Cristian Vicuña, and Chief Economist Andrés Sansone.
The Management Commentary report will be released on January 31, 2025, before market opening, with a quiet period beginning January 17. As of September 30, 2024, the bank reported total assets of US$73,419 million, gross loans of US$44,975 million, and total deposits of US$33,001 million. The bank maintains strong financial metrics with a BIS capital ratio of 17.2% and a core capital ratio of 10.7%.
Banco Santander Chile holds high risk classifications in Latin America, including an A2 rating from Moody's and A- from Standard & Poor's, all with Stable Outlook. The bank operates 234 branches across Chile with 8,861 employees.
Banco Santander Chile (NYSE: BSAC) has appointed Patricia Pérez as its new Chief Financial Officer, marking a historic milestone as the first woman to hold this position in the local subsidiary. Pérez, an engineer with 18 years of experience in the Group, brings expertise in financial and capital management. She previously served as Head of Asset & Liability Management at the bank. The announcement comes as Santander Chile maintains strong financial positions with total assets of US$73,419 million, total gross loans of US$44,975 million, and total deposits of US$33,001 million as of September 30, 2024. The bank currently operates with 8,861 employees across 234 branches throughout Chile.
Banco Santander Chile (NYSE: BSAC) reported strong Q3 2024 results with net income of $243,133 million ($0.58 per ADR), up 11.7% from Q2. The bank achieved a 23.1% ROAE in Q3 and 18.2% for the first nine months of 2024. Net interest and readjustment income increased 74.8% year-over-year, driven by improved cost of funds. Net fees grew 8.3% quarterly with 63.4% recurrence. The bank maintains strong market positions with 23.8% share in current accounts and 182,000 affiliated merchants on Getnet. The efficiency ratio improved to 36.3% in Q3, while maintaining a solid capital position with a 17.2% BIS ratio.
Banco Santander Chile (NYSE: BSAC) has announced its Third Quarter 2024 Analyst and Investor Webcast / Conference Call, scheduled for Wednesday, October 30, 2024, at 11.00 AM (EST). The event will feature key bank officers discussing the 3Q 2024 financial results, followed by a Q&A session. The Management Commentary report will be published on October 30, before market opening, with the quiet period beginning on October 16.
As of June 30, 2024, Banco Santander Chile reported:
- Total assets: $68,262,019 million (US$72,431 million)
- Outstanding gross loans: $40,565,553 million (US$43,043 million)
- Total deposits: $29,297,940 million (US$31,087 million)
- Shareholders' equity: $4,194,393 million (US$4,451 million)
- BIS capital ratio: 17.4%
- Core capital ratio: 10.6%
The bank employs 8,885 people and operates 244 branches throughout Chile.
Banco Santander Chile (NYSE: BSAC) reported strong Q2 2024 results, with net income attributable to shareholders reaching $217,724 million ($1.16 per share), an 81.1% increase from the previous quarter. The bank achieved an impressive ROAE of 20.7% in Q2 and 15.8% for the first half of 2024. Key highlights include:
- Net interest margin (NIM) recovery to 3.6% in Q2
- Net interest income up 54.5% year-over-year
- Net fees increased 6.5% quarter-over-quarter
- Cost of credit stable at 1.25%
- Solid capital levels with a BIS ratio of 17.4% and CET1 of 10.6%
- Upgraded 2024 guidance: ROAE 17%-18%, NIM 3.3%-3.5%
The bank's performance reflects strong income growth, improved efficiency, and stable asset quality despite economic challenges.
Banco Santander Chile (NYSE: BSAC) will host a webcast and conference call to discuss its 2Q 2024 financial results on August 2, 2024, at 10:00 AM New York Time. Key officers participating will include CFO Emiliano Muratore, Chief Strategy Officer & Head of IR Cristian Vicuña, and Economist Carmen Gloria Silva. The Management Commentary report will be available on July 31, 2024, ahead of the market opening. As of March 31, 2024, the bank has reported total assets of Ch$ 74,780,252 million (U.S.$ 76,187 million) and total deposits of Ch$ 30,416,891 million (U.S.$ 30,234 million). The BIS capital ratio stands at 17.0%, with a core capital ratio of 10.4%. Banco Santander Chile enjoys high-risk classifications in Latin America with stable ratings from leading agencies.
