Santiago, March 19, 2014, We inform you that during the last meeting held yesterday, the Board of Banco Santander-Chile agreed to call for an Ordinary Shareholder`s meeting on April 22, 2014, in order to discuss, among other matters, the proposal to distribute a dividend of CH$ 1.40706372 per share, corresponding to 60% of net income attributable to shareholders for 2013.
As well, the Board will propose to the Shareholder`s meeting that the remaining 40% of the profits be used to increase the Bank`s reserves.
About Banco Santander Chile
Banco Santander Chile ( Bsantander , BSAC ) at December 31, 2013 is the largest bank in Chile by assets ( U.S. $ 51.4 billion ) and equity ( $ 40.1 billion). The bank has the largest network in Chile with 493 branches and employs 11,516 people. Santander Chile also has one of the highest risk ratings in the region with an A + by Fitch , A by Standard and Poor`s and Aa3 by Moody`s. As of December, the Bank had a core capital ratio of 10.6%. Banco Santander Chile traded on the Santiago Stock Exchange ( Bsantander ) and the New York Stock Exchange ( BSAC ) . The largest shareholder of Banco Santander Group is the controlling 67 % stake.
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Source: Banco Santander-Chile via GlobeNewswire
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