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United States

Profile: Banco Santander-Chile (BSAC.Z)

BSAC.Z on BATS Stock Exchange

18.28USD
24 May 2016
Change (% chg)

$0.28 (+1.56%)
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Open
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Volume
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Banco Santander-Chile, incorporated on August 1, 2002, is a Chilean bank. The Company provides a range of commercial and retail banking services to its customers. The Company's commercial and retail banking services include Chilean peso and foreign currency denominated loans to finance a range of commercial transactions, trade, foreign currency forward contracts and credit lines and a line of retail banking services, including mortgage financing. In addition to its traditional banking operations, the Company offers a range of financial services, including financial leasing, financial advisory services, mutual fund management, securities brokerage, insurance brokerage and investment management. It divides its clients into four groups: Individuals and Small and mid-sized (SMEs), Companies and Institutions, Global Banking and Markets, and Corporate Activities (Other). It has operating segments within each group, such as Individuals and Small and mid-sized (SMEs) group includes the Santander Banefe, Commercial Banking and SMEs segment; Companies and Institutions group includes Middle Market, Real Estate, Large Corporations and Institutions segments, and the Global Banking and Markets group includes Corporate and Treasury segments.

As of December 31, 2014, the Company had a private branch network in Chile with 474 branches. The Company has 474 total branches, 273 of which are operated under the Santander brand name, with the remaining branches under certain specialty brand names, including 67 under the Santander Banefe brand name, 51 under the Select brand name, 5 specialized branches for the Middle Market, and 78 as auxiliary and payment centers. The Company provides a range of financial services to corporate and individual customers.

Individuals and Small and mid-sized (SMEs)

The Santander Banefe segment serves individuals with monthly incomes from $247 to $658. The Santander Banefe segment provides customers with a range of services, including consumer loans, credit cards, auto loans, mortgage loans, debit cards, savings products, mutual funds and insurance brokerage. The Commercial Banking segment serves individuals with monthly incomes over $658. The Commercial Banking segment provides customers with a range of services, including consumer loans, credit cards, auto loans, commercial loans, foreign exchange, mortgage loans, debit cards, checking accounts, savings products, mutual funds, stock brokerage and insurance brokerage. The SMEs segment serves companies with annual sales less than $2.0 million. The SMEs segment provides customers with a range of products and services, including commercial loans, government-guaranteed loans, leasing, factoring, foreign trade, credit cards, mortgage loans, checking accounts, savings products, mutual funds and insurance brokerage.

Companies and Institutions

The Middle Market segment serves companies with annual sales in excess of US$2.0 million but not more than US$16.4 million. The companies within this operating segment have access to many products including commercial loans, leasing, factoring, foreign trade, credit cards, mortgage loans, checking accounts, transactional services, treasury services, financial consulting, savings products, mutual funds and insurance brokerage. The Real Estate segment includes companies in the real estate industry who sell properties to third parties and have annual sales exceeding US$1.3 million. These clients are offered not only traditional banking services but also specialized assistance in financing projects, chiefly residential. The Large Corporations segment is made up of companies with annual sales exceeding US$16.4 million. The companies within this segment have access to many products, including commercial loans, leasing, factoring, foreign trade, credit cards, mortgage loans, checking accounts, transactional services, treasury services, financial consulting, investment, savings products, mutual funds, and insurance. The Institutions segment serves institutions, such as universities and local and regional governments. The institutions within this segment have access to many products, including commercial loans, leasing, factoring, foreign trade, credit cards, mortgage loans, checking accounts, transactional services, treasury services, savings products, mutual funds and insurance.

Global Banking and Markets

The Corporate segment provides companies within access to various products, including commercial loans, leasing, factoring, foreign trade, credit cards, mortgage loans, checking accounts, transactional services, treasury services, financial consulting, investments, savings products, mutual funds and insurance brokerage. The Treasury segment provides financial products, mainly to companies in the Wholesale Banking area and the Companies segment. These include products, such as short-term financing and fund raising, brokerage services, derivatives, securitization and other tailor-made products. The Treasury segment also manages its investment portfolio.

Corporate Activities (Other)

The Corporate Activities (Other) segment includes Financial Management, which develops global management functions. This segment also manages the Company's personal funds, capital allocation by unit, and the financing of investments made. In addition, this segment encompasses all the intra-segment income and all the activities not assigned to a given segment or product with customers.

The Company competes with Banco del Estado.

Company Address

Banco Santander-Chile

Bandera 140, Piso 19
SANTIAGO     8340455
P: +562.3208284
F: +562.23201409

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