Welcome to our dedicated page for Banco Santander-Chile news (Ticker: BSAC), a resource for investors and traders seeking the latest updates and insights on Banco Santander-Chile stock.
Banco Santander-Chile (BSAC), founded in 1978, is a prominent financial institution and part of the globally recognized Santander Group. Majority controlled by Santander Spain, Banco Santander-Chile stands as the largest bank in Chile by loans and the second largest by deposits. The bank generates a significant portion of its net interest income—approximately 65%—from its mortgage, unsecured consumer credit lines, and commercial loans.
Banco Santander-Chile has a strong focus on small- to medium-sized enterprises, with companies generating over CLP 10,000 million in revenue comprising only around 5% of its outstanding loans. This strategy underscores its commitment to supporting the growth of smaller businesses within the Chilean economy.
In addition to its lending operations, Banco Santander-Chile is the leading card issuer in the country, commanding about 25% of the market share. It also enjoys a long-term strategic partnership with LATAM Chile, the largest airline in the country, which enhances its market position and customer reach.
Recent achievements include the issuance of the first green bond under its ESG Framework to finance green mortgages, demonstrating its commitment to sustainable finance. The construction of Campus Santander, a new corporate building, further highlights its long-term commitment to Chile and its strategic roadmap, Chile First.
Banco Santander-Chile consistently ranks top among its Chilean peers in Net Promoter Score (NPS), reflecting high customer satisfaction and loyalty.
For further information and updates, the bank’s performance and developments are regularly reported in its Annual Reports, which are accessible through the U.S. Securities and Exchange Commission’s website and Santander Chile’s corporate website.
For the latest news and insights, please dial in using any of the provided contact numbers across multiple countries or connect through email at irelations@santander.cl.
Santander Chile (NYSE: BSAC) held its 2023 Ordinary Shareholders' Meeting, appointing María Olivia Recart and Blanca Bustamante as new directors, enhancing gender diversity with four women on the board. The bank reported a remarkable 390% increase in sustainable financing in 2022, totaling US$230 million in sustainable loans, underscoring its commitment to ESG criteria. During the meeting, a dividend of Ch$2.57 per share was approved, equating to 60% of 2022 profits, aimed at maintaining robust capital levels. The Chile First strategy, backed by a US$260 million investment plan over three years, aims to enhance customer experience through innovative products like “Más Lucas” and Work/Café Expresso. As of 2022, Santander Chile reported total assets of US$79.7 billion and is recognized as a leader in sustainable finance.
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