Román Blanco named CEO and country head of Banco Santander Chile

Rhea-AI Summary

Banco Santander Chile announces the appointment of Román Blanco as the new CEO and country head effective August 1, 2022. Blanco brings 18 years of experience within the Santander Group, previously serving in leadership roles across various countries, including Colombia and the U.S. His leadership is expected to enhance Santander's market position in Chile. The announcement follows Miguel Mata's long tenure of 32 years at the bank, who will transition to other roles within the Group. As of March 31, 2022, Banco Santander Chile reported strong financials, with total assets of US$ 78.4 billion.

Positive

• Román Blanco's extensive experience in the Santander Group is expected to strengthen market position.
• Blanco's leadership could lead to enhanced operational synergies with Claudio Melandri, Chairman of the Board.
• Banco Santander Chile reported total assets of US$ 78.4 billion and a strong BIS capital ratio of 16.8%.

Negative

• None.

The executive, who will assume his duties from August 1, has had an outstanding career in Grupo Santander

SANTIAGO, Chile, July 27, 2022 (GLOBE NEWSWIRE) -- Román Blanco, an executive with extensive international experience, will take over as Chief Executive Officer and country head of Banco Santander Chile (NYSE: BSAC), effective August 1, 2022.

Román Blanco is currently responsible for the Santander Group's operations in the Andean region and Uruguay. He is also a member of the Board of Directors of Santander Uruguay, Santander Peru and Santander Colombia. He has 18 years of experience in the Group, which he joined in 2004 as Vice President of Banco Santander Banespa in Sao Paulo, Brazil, where he was assigned the task of strengthening the Group’s presence in this market. In 2007, he was appointed president and CEO of Santander in Colombia, whose strategy led to significant value creation for Santander in that country. Later, in 2012, he assumed the same responsibilities in Puerto Rico, and later was appointed as the CEO of Santander Bank, NA and Santander Holdings in Boston, United States.

Román Blanco is a civil engineer from the University of Cantabria (Spain) and has an MBA from Carnegie Mellon University.

Banco Santander Chile welcomes Román Blanco, whose leadership will continue strengthening Santander’s strong market position in Chile. Likewise, Mr Blanco would like to express his gratitude for the great work done over the years by Miguel Mata, who has spent 32 years at Banco Santander Chile in various positions. Miguel Mata will continue to contribute to the Group in other positions in the Region with his deep knowledge of the financial industry. For Santander, the arrival of Mr. Blanco will create a clear synergy with the outstanding experience and career of Claudio Melandri, who will continue as Chairman of the Bank's Board of Directors.

CONTACT INFORMATION
Robert Moreno
Investor Relations
Banco Santander Chile
Bandera 140, Floor 20
Santiago, Chile
Tel: (562) 2320-8284
Email: irelations@santander.cl
Website: www.santander.cl

Banco Santander Chile is the largest bank in the Chilean market in terms of loans and assets. As of March 31, 2022, the Bank had total assets of US$ 78.4 billion, loans net of provisions of US$ 45.8 billion, deposits of US$ 34.5 billion, and total equity of US$ 4.9 billion. The BIS capital ratio as of March 31, 2022 was 16.8%, with a core capital ratio of 10.4%. Banco Santander Chile is one of the companies with the highest risk classifications in Latin America with an A1 rating from Moody's and A- from Standard and Poor's.

FAQ

Who is the new CEO of Banco Santander Chile?

Román Blanco has been appointed as the new CEO of Banco Santander Chile, effective August 1, 2022.

What are the key financial metrics of Banco Santander Chile as of March 31, 2022?

As of March 31, 2022, Banco Santander Chile reported total assets of US$ 78.4 billion, net loans of US$ 45.8 billion, and total equity of US$ 4.9 billion.

What experience does Román Blanco bring to Banco Santander Chile?

Román Blanco has 18 years of experience within the Santander Group, having held leadership roles in Colombia, Puerto Rico, and the U.S.

How will Román Blanco's leadership affect Banco Santander Chile?

His appointment is expected to enhance Santander's strong market position and create synergies within the organization.