QUOTE AND NEWS
Mondo Visione  Aug 17  Comment 
Banco Santander-Chile, part of the Santander Group, has listed its first bond under its recently approved US$5bn Medium-Term Notes Program on the Main Securities Market (MSM) of the Irish Stock Exchange (ISE). Banco Santander-Chile is...




RELATED WIKI ARTICLES

Related Articles

 
TOP CONTRIBUTORS

Banco Santander Santiago (SAN), previously known as Banco Santander-Chile, is the largest private bank in Chile (total assets of Ch$14,843 billion or US$27.8 billion at yearend 2006) and is 77% owned by Banco Santander Central Hispano, the largest bank in Spain. The company, formed by the 2002 merger between the former Banco Santander-Chile and Banco Santiago, offers both corporate and retail banking to its client base, and has roughly a 22% market share in loans and deposits. The bank provides a full range of financial services to corporate and individual customers through two major business units: Retail Banking and Wholesale Banking. Banco Santander Santiago offers Chilean peso and foreign currency-denominated loans (which finance a variety of commercial transactions), trade financing, foreign currency forward contracts, credit lines, and retail banking services, such as mortgage financing. In addition to its traditional banking operations, Santander extends a range of financial services, including financial leasing, financial advisory services, mutual fund management, securities brokerage, insurance brokerage, and investment management. The bank's clientele varies from large corporations to lower middle-class individuals.

In 2006, 78% of net revenue (total revenue less interest expense) of Ch$790 million (US$1.5 billion) was generated from interest-bearing sources, while the remaining 22% of net revenue came from fee-based and other non-interest sources. Santander, the largest bank in Chile in terms of total deposits and loans, also boasts of the largest distribution network in the country with 397 branches and 1,588 ATMs at yearend 2006. As of December 31, 2006, Santander's total asset base stood at Ch$14,843 billion (US$27.8 billion), total deposits at Ch$9,392 billion (US$17.6 billion), loans outstanding net of reserves at Ch$11,615 billion (US$21.7 billion), and shareholders equity at Ch$1,245 billion (US$2.3 billion). Santander is the highest credit-rated Latin American bank. Currently, Santander s credit ratings are A by Standard & Poor's, A by Fitch, and Aa3 by Moody's (recently upgraded from A2 following a change in rating methodology).




References

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki