BANCO SANTANDER CHILE, TO PAY A DIVIDEND OF 60% OF ITS NET INCOME ATTRIBUTABLE TO SHARE HOLDERS FOR 2013

GlobeNewswire Europe

CHILE

Press Release                                  

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.




This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Banco Santander-Chile via GlobeNewswire

HUG#1770286
View Comments (0)