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Banco Santander Chile SA - BSAC STOCK NEWS

Welcome to our dedicated news page for Banco Santander Chile SA (Ticker: BSAC), a resource for investors and traders seeking the latest updates and insights on Banco Santander Chile SA.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Banco Santander Chile SA's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Banco Santander Chile SA's position in the market.

Rhea-AI Summary
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 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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-3.19%
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Rhea-AI Summary
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 $70,000 million, strengthening Santander Consumer's market position.
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-0.16%
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Rhea-AI Summary
Banco Santander Chile (BSAC) announced its financial results for the twelve-month period ended December 31, 2023, and fourth quarter 2023. The net income attributable to shareholders decreased by 38.6% compared to the same period last year. The bank reported a solid net contribution from business segments, with a 34.7% increase. The Retail Banking segment saw a 25.6% increase in net contribution, the Middle-market segment increased by 27.9%, and the Corporate and Investment Banking (CIB) unit grew by 65.4% year over year. Net income from fees increased by 22.4% in 12M23, and the bank achieved top 1 in NPS among Chilean peers. The CET1 ratio remains solid at 11.1%, and the total Basel III ratio reaches 17.6% at the end of December 2023. The bank launched Work/Café Inversiones and reached a total of 91 Workcafés in Chile.
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-1.26%
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Rhea-AI Summary
Banco Santander Chile (NYSE: BSAC) returns to the Swiss market with the largest placement by a Chilean issuer since 2014. The successful issuance of a CHF 225 million bond (equivalent to US$ 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 (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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Rhea-AI Sentiment
End-of-Day
-1.34%
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earnings
Rhea-AI Summary
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 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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0.17%
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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 to hold conference call-webcast on November 3, 2023, to discuss 3Q 2023 financial results
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-2.73%
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earnings
Banco Santander Chile SA

NYSE:BSAC

BSAC Rankings

BSAC Stock Data

9.08B
61.85B
7.24%
0.11%
Commercial Banking
Finance and Insurance
Link
Chile
Bandera N 140

About BSAC

servicios financieros.