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 reports news centered on its Chilean banking operations, ADR program, and periodic financial results. Recurring updates cover net interest and fee income, digital customer growth, current-account activity, loan and deposit trends, capital ratios, dividends, credit ratings, and management commentary tied to quarterly and annual results.
The bank's news also reflects its payments and acquiring activity through Getnet Chile, branch-network transformation through Work/Café locations, shareholder meeting actions, Form 20-F annual report announcements, and investor webcast schedules for earnings discussions.
Banco Santander Chile (NYSE: BSAC) announced its unaudited results for the first half of 2020 and second quarter (2Q20). The net income attributable to shareholders dropped 41.1% QoQ and 50.4% YoY to Ch$84,859 million. Adjusted net income was Ch$106,759 million with a 12.0% ROAE. Total gross income rose 7.1% YoY. Total loans increased 13.5% YoY, while provisions for loan losses surged 150.3% YoY to enhance coverage ratios amid COVID-19 impacts. The bank maintained a strong efficiency ratio of 38.9% and solid capital ratios, with a core capital ratio of 10.0%.
Banco Santander Chile (NYSE: BSAC) invites participation in its conference call-webcast on July 30, 2020, at 11:00 AM (ET) to discuss the 2Q 2020 financial results. Chief Financial Officer Emiliano Muratore, Manager of Investor Relations Robert Moreno, and Chief Economist Claudio Soto will lead the discussion, followed by a Q&A session. The earnings report will be available before the market opens on the same day. The quiet period commences on July 15, 2020.
For access, view the webcast at:
https://edge.media-server.com/mmc/p/eumgn3rs
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