Banco Santander Chile Explained

Santander Chile Holding S.A.
Type:Sociedad Anónima
Traded As:
Foundation:1978
Location:Santiago, Chile
Key People:Mauricio Larraín, (CEO)
Num Employees:11,001
Parent:Santander Group
Industry:Finance and Insurance
Products:Banking
Revenue: US$ 4.1 billion (2017)
Net Income: US$ 871.1 million (2018)
Assets: US$ 58.0 billion (2018)

Banco Santander-Chile is the largest bank in Chile by loans and deposits.[1] The bank has 504 branches network. It is a subsidiary of the Santander Group. Its main competitors are Banco de Chile, Itaú Corpbanca and BCI.

It provides commercial and retail banking services to its customers, including Chilean peso and foreign currency denominated loans to finance commercial transactions, trade, foreign currency forward contracts and credit lines, and retail banking services, including mortgage financing. In addition to its traditional banking operations, the bank offers financial services, including financial leasing, financial advisory services, mutual fund management, securities brokerage, insurance brokerage and investment management.

Its clients are divided into three segments: retail, middle-market, and global banking and markets.

Notes and References

  1. News: Fitch Affirms Banco Santander Chile's IDR at 'A+'; Outlook Remains Negative. https://web.archive.org/web/20150924192734/http://www.highbeam.com/doc/1P2-34233762.html. dead. 24 September 2015. 9 February 2013. Manufacturing Close-Up. 28 August 2013.