AllAnalyst Report
logoMorningstarApril 30, 2021

Banco Santander-Chile: Santander Chile Reports Solid First-Quarter Results as the End of Pandemic Appears To Be in Sight

Symbols
BSAC
Sector(s)
Financial Services
Rating
Current Price
$18.82
Fair Value
Economic Moat
Stewardship
Summary

Santander Chile is the largest bank in Chile by assets. It has the most expansive footprint of any bank in the country, ranks first in lending market share, and ranks second in deposit market share. It is the most efficiently run commercial bank in the region, resulting in returns on equity in the high teens. The bank generates revenue through net interest income, fee and commission lines, and treasury operations, with the latter following Chile inflation (denominated in the UF) closely.

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