Representante Legal Banco Santander Chile 2020

In the 2020 annual report on banking security, compiled by the financial magazine Global Finance, it positioned itself as the second safest bank in Chile and Latin America, behind BancoEstado. [11] (*) Decision No. 8158 of 28 December 2021 authorises the closure and early termination of the Chilean branch of Banco do Brasil S.A. (**) SBIF Decision No. 2411 of 24 October 2018 authorises the closure of the branch of Banco de la Nación Argentina established in Chile. (***) SBIF Decision No. 758 of 28 February 2019 authorizes the dissolution of the branch of MUFG Bank, Ltd. established in Chile. The bank was founded on October 23, 1978. [3] With the acquisition of Banco Español-Chile in 1982, the bank began a process of expanding its activities in the country and acquired the name of this bank until 1989, when it regained the name of Banco Santander. [4] In March 2021, the bank announced its integration into the payments market via its subsidiary «Getnet» with a face-to-face payment system via point-of-sale (POS) terminals to make this item more competitive, which was previously controlled by only three companies in the country: Transbank, Multicaja and Red Global S.A. (subsidiary of BancoEstado).

[12] In short, the merger by acquisition between the Santander Chile and Santiago banks was approved at the respective general meetings, companies that would weigh respectively 47.5% and 52.5% in the capital of the resulting bank. After all relevant approvals, the new Banco Santander Chile, one of Latin America`s largest and most profitable institutions, made its debut in the national banking system on August 1. Banks are wholly owned enterprises that «regularly receive money or funds from the public to grant them loans, discount documents, make investments, switch to financial intermediation, generate income from this money and generally carry out any transaction authorized by law». In 1993, it acquired Fincard, the country`s largest credit card processor at the time. In 1995, it acquired Financiera Fusa, which eventually merged with Fincard to create Banefe, the bank`s consumer credit division, with a focus on the midstream sector. [4] In 2002, Santander Central Hispano acquired 35% of the shares of Banco Santiago de Banco Central. As a result, the Hispanic institution controlled 78.95% of the company`s securities. Since it also held 89% of the capital of the former Banco Santander Chile, it decided to propose the merger of the two financial institutions, as this represents added value for all shareholders. Two high-level investment banks were tasked with assessing the trading conditions of the shares of the two constituent banks. These companies used several parameters to evaluate the two banks and, based on an average of these values, the fair exchange rate ratio was determined. For a time it was known as Banco Santander Santiago.

In June 2022, the bank announced that it would leave its headquarters on Bandera Street, in downtown Santiago, with the construction of a new corporate building in the municipality of Las Condes, scheduled to open in 2026. [13] In 2019, the bank launched its mobile payment application called «Superdigital», which allows digital payment and collection in Chilean pesos among its users, as well as a virtual prepaid card, which makes it easier to attract new customers and also to deposit those who were outside the system. [9] In addition, the Vista Life account was launched, a product that also focuses on financial inclusion through a debit card and access to the institution`s technology platforms. [10] Banco Santander Chile is the Chilean subsidiary of Banco Santander, one of the largest financial groups in the world. The bank was founded in 1978 in Santiago, Chile, where its headquarters are located. In 2016, the first Work Café location opened, a new service format that eliminated traditional cash registers and included collaborative workspaces, meeting rooms and wireless internet access for free use by customers and non-customers, as well as a cafeteria, self-service terminals and workstations for company employees. [5] To date, nearly 70 offices have been opened nationwide with this concept. [6] The idea was taken up in 2018 by other subsidiaries of the bank abroad such as Argentina, Brazil, Spain, the United States, Portugal and the United Kingdom. [7] [8] It is currently the largest bank in the country with 310 branches across the country, assets of $74.8 billion and net income of $923.2 million. It is currently No.

4 in the ranking of Chilean companies. [1] The main competitors are Banco de Chile, Bci and Itaú. It is one of the highest risk rated companies in Latin America, with an A1 rating from Moody`s and A- from Standard and Poor`s. [2] The bank is also listed on the Santiago Stock Exchange and the New York Stock Exchange (NYSE). In 1996 it merged with Banco Osorno and La Unión and in 2000 Banco Santiago joined the group.[2] This strengthened the Group`s position as the leading financial franchise in Latin America. [4] As of 30 June 2022, Santander`s service network in Chile consisted of 226 traditional branches, 7 EIB service centres, 8 Santander Select branches and 69 Work Café branches, with a total of 310 service points throughout the country. In 2008, Banco Santander Chile had more than 500 branches in the country and nearly 3,000,000 customers. [4] Banco Santander in Chile provides banking services and solutions to various segments in five business areas: Note: SBIF Decision No. 390 of 20. In August 2018, Scotiabank Chile approved for the merger with Banco Bilbao Vizcaya Argentaria, Chile (Scotiabank Azul) following the completion of the merger on September 1, 2018.