Santander Chile appoints Patricia Pérez as Chief Financial Officer

Rhea-AI Summary

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.

Positive

• Strong financial position with US$73.4B in total assets
• Robust BIS capital ratio of 17.2% and core capital ratio of 10.7%
• High credit ratings including A2 from Moody's and A- from S&P with Stable Outlook

Negative

• None.

SANTIAGO, Chile, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC) announced Patricia Pérez as its new Chief Financial Officer (CFO), also becoming the first woman to hold this position in the local subsidiary. Patricia is an engineer in Information and Management Control from the University of Chile and holds a master's degree in Financial Management from the Adolfo Ibáñez University.

Throughout her 18 years of experience in the Group, she has held different roles within the organization, beginning her career in Operations and Management Control and subsequently joining the Financial Executive Vice Presidency, where she has remained for the last 14 years, which has allowed her to have a solid knowledge of financial and capital management.

Until now, Patricia held the position of Head of Asset & Liability Management (ALM) at Banco Santander and has participated in different development initiatives, both locally and at the corporate level, among them, she was a member of the SW50 Leadership Programme, taught by the London School of Economics and Political Science (LSE) and promoted by Banco Santander.

CONTACT INFORMATION
Cristian Vicuña
Investor Relations
Banco Santander Chile
Bandera 140, Floor 20
Santiago, Chile
Email: irelations@santander.cl
Website: www.santander.cl

Banco Santander Chile is one of the companies with the highest risk classifications in Latin America with an A2 rating from Moody's, A- from Standard and Poor's, A+ from Japan Credit Rating Agency, AA- from HR Ratings and A from KBRA. All our ratings as of the date of this report have a Stable Outlook.

As of September 30, 2024, the Bank has total assets of $65,890,254 million (US$73,419 million), total gross loans (including loans to banks) at amortized cost of $40,362,740 million (US$44,975 million), total deposits of $29,617,085 million (US$33,001 million) and shareholders' equity of $4,218,883 million (US$4,701 million). The BIS capital ratio was 17.2%, with a core capital ratio of 10.7%. As of September 30, 2024, Santander Chile employed 8,861 people and has 234 branches throughout Chile.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7f7118a0-9df3-46ff-8d3d-b37075cbc52e

FAQ

Who is the new CFO of Banco Santander Chile (BSAC)?

Patricia Pérez has been appointed as the new Chief Financial Officer of Banco Santander Chile, becoming the first woman to hold this position in the local subsidiary.

What is Banco Santander Chile's (BSAC) total asset value as of September 2024?

As of September 30, 2024, Banco Santander Chile's total assets were US$73,419 million (CLP 65,890,254 million).

What is Banco Santander Chile's (BSAC) capital ratio in 2024?

As of September 2024, Banco Santander Chile's BIS capital ratio was 17.2%, with a core capital ratio of 10.7%.