Banco Santander-Chile D
D
BSAC
34.010
USD
-0.01
(-0.03%)
Pre Open·34.300USD+0.290(+0.85%)
Volume
3,454
EPS
1,928
Div Yield
4.35
P/E
15
Market Cap
16,022,631,931
Title: Banco Santander/Chile
Sector: Financial Services
Industry: Banks - Regional
Founded in 1978, Banco Santander Chile is part of Santander Group and majority-controlled by Santander Spain. It is the largest bank in Chile by loans and the second largest by deposits. The bank generates most of its net interest income (roughly 65% of total revenue) from its mortgages, unsecured consumer credit lines, and commercial loans. Banco Santander's commercial loan business is more focused on small- to medium-size companies, with firms generating more than CLP 10,000 million in revenue only making up around 5% of outstanding loans. Outside of lending, Banco Santander is the largest card issuer in the country with around 25% of the market and benefits from a long-term strategic partnership with the largest airline in the country, LATAM.