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Banco Santiago - BSAC STOCK NEWS

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 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.

News

Banco Santander Chile Announces Redemption of Notes

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Banco Santander Chile announces the redemption of all outstanding JPY 10,500,000,000 0.60% Senior Fixed Rate Notes due 2024. The redemption date is set for March 29, 2024, with the redemption price being 100% of the principal amount of the Notes plus accrued and unpaid interest.
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Banco Santander Chile Announces the Filing of Its Annual Report on Form 20-F With the United States Securities and Exchange Commission for Fiscal Year 2023

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Banco Santander Chile files its 2023 Annual Report on Form 20-F with the SEC, offering shareholders access to detailed financial statements. Shareholders can obtain a hard copy for free by contacting the Investor Relations Office.
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The Santander Chile subsidiary Santander Consumer signs agreement to acquire Mundo Crédito's auto loan portfolio

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Banco Santander Chile's subsidiary Santander Consumer Finance to acquire Mundo Crédito for up to US$ 79 million, expanding its automotive loan portfolio. The operation subject to approval aims to reach between $50,000 million and $70,000 million, strengthening Santander Consumer's market position.
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Banco Santander-Chile Announces Fourth Quarter 2023 Earnings

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Banco Santander Chile (BSAC) announced its financial results for the twelve-month period ended December 31, 2023, and fourth quarter 2023. The net income attributable to shareholders decreased by 38.6% compared to the same period last year. The bank reported a solid net contribution from business segments, with a 34.7% increase. The Retail Banking segment saw a 25.6% increase in net contribution, the Middle-market segment increased by 27.9%, and the Corporate and Investment Banking (CIB) unit grew by 65.4% year over year. Net income from fees increased by 22.4% in 12M23, and the bank achieved top 1 in NPS among Chilean peers. The CET1 ratio remains solid at 11.1%, and the total Basel III ratio reaches 17.6% at the end of December 2023. The bank launched Work/Café Inversiones and reached a total of 91 Workcafés in Chile.
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Santander Chile returns to the Swiss market with the largest placement by a Chilean issuer since 2014

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Banco Santander Chile (NYSE: BSAC) returns to the Swiss market with the largest placement by a Chilean issuer since 2014. The successful issuance of a CHF 225 million bond (equivalent to US$ 263 million) with a term of three years achieved a spread of 125 basis points over the reference rate, reflecting great interest and demand from investors. This marks the third largest placement of a Chilean issuer in the Swiss market. The bank's position in the Swiss Franc market is around CHF 900 million, consolidating itself as the second most relevant market within the entity's financing diversification strategy, reaching around 25% of the total foreign debt.
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Banco Santander Chile: Announces Fourth Quarter 2023 Analyst and Investor Webcast / Conference Call

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Banco Santander Chile (BSAC) invites participants to its conference call-webcast on February 2, 2023, at 8.30 AM (New York Time) to discuss 4Q 2023 financial results. The bank boasts total assets of Ch$ 72,490,744 million (U.S.$ 81,500 million), outstanding gross loans of Ch$ 40,139,445 million (U.S.$ 45,128 million), total deposits of Ch$ 28,555,320 million (U.S.$ 32,104 million), and shareholders’ equity of Ch$ 4,192,619 million (U.S.$ 4,714 million). The BIS capital ratio as of September 30, 2023, was 17.1%, with a core capital ratio of 10.7%. The bank holds high risk classifications with ratings from Moody's, Standard and Poor's, Japan Credit Rating Agency, HR Ratings, and KBRA, all with a Stable Outlook.
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Santander announces investment plan in Chile for US$ 800 million by 2026 within the framework of its digital transformation process

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Santander Chile (Santander) announced an investment plan of US$800 million by 2026, with US$350 million for a new corporate building and US$450 million for T&O initiatives and branch renewal. The plan is part of the company's transformation into a digital bank with Work/Café, reinforcing its Chile First strategy. Santander CEO Román Blanco highlighted the focus on digital transformation, customer satisfaction, and physical presence, including the launch of Más Lucas, the first massive account with 100% digital on-boarding, and the creation of Work/Café Expresso transaction centers.
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Banco Santander-Chile Announces Third Quarter 2023 Earnings

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Banco Santander Chile announced its results for the nine-month period ended September 30, 2023. Net income attributable to shareholders reached Ch$319,486 million ($1.70 per share and US$0.76 per ADR), decreasing 54.8% compared to the same period last year. The net contribution of the Retail Banking segment increased 21.6% YoY, the Middle-market segment increased 27.3% YoY, and the Corporate and Investment Banking unit grew 68.3% YoY. Net income from fees increased 29.6% in 9M23. The bank issued its first green bond under its ESG Framework to finance green mortgages. Retail banking loans grew 1.6% QoQ and total deposits increased 1.4% QoQ. The bank's CET1 ratio remains solid at 10.7%.
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Santander Chile issues first green bond under its ESG Framework to finance green mortgages

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Banco Santander Chile has announced its first green bond under its ESG Framework to finance green mortgages. The bond was privately placed with a Japanese investor for JPY 8,000 million ($53 million) and will be used to refinance or finance new green mortgage operations. The portfolio of green mortgages is expected to continue growing in the coming years.
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Banco Santander Chile: Announces Third Quarter 2023 Analyst and Investor Webcast / Conference Call

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Banco Santander Chile to hold conference call-webcast on November 3, 2023, to discuss 3Q 2023 financial results
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FAQ

What is the current stock price of Banco Santiago (BSAC)?

The current stock price of Banco Santiago (BSAC) is $21.64 as of February 28, 2025.

What is the market cap of Banco Santiago (BSAC)?

The market cap of Banco Santiago (BSAC) is approximately 10.2B.

What is Banco Santander-Chile?

Banco Santander-Chile is the largest bank in Chile by loans and the second largest by deposits, offering a range of financial services as part of the global Santander Group.

When was Banco Santander-Chile founded?

Banco Santander-Chile was founded in 1978.

What are the main revenue sources for Banco Santander-Chile?

The bank generates most of its net interest income from mortgages, unsecured consumer credit lines, and commercial loans.

What companies does Banco Santander-Chile primarily lend to?

Banco Santander-Chile focuses on small- to medium-sized enterprises, with larger firms making up around 5% of its outstanding loans.

How significant is Banco Santander-Chile in the card issuing market?

Banco Santander-Chile is the largest card issuer in Chile, with around 25% of the market share.

What strategic partnerships does Banco Santander-Chile have?

The bank has a long-term strategic partnership with LATAM Chile, the largest airline in the country.

What is the

Banco Santander-Chile recently issued its first green bond under its ESG Framework to finance green mortgages.

What is the significance of Campus Santander?

Campus Santander is a new corporate building, part of Banco Santander-Chile’s long-term commitment to Chile and its strategic roadmap, Chile First.

How can I access Banco Santander-Chile's Annual Reports?

Annual Reports can be accessed via the SEC's website or Santander Chile’s corporate website. Hard copies are available upon request from the Investor Relations Office.

How does Banco Santander-Chile rank in customer satisfaction?

Banco Santander-Chile consistently ranks top among its Chilean peers in Net Promoter Score (NPS), reflecting high customer satisfaction.
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Banco Santiago

NYSE:BSAC

BSAC Rankings

#658 Ranked by Market Cap
#905 Ranked by Dividends

BSAC Stock Data

10.25B
471.12M
6.1%
0.08%
Banks - Regional
Financial Services
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Chile
Santiago