Banco Santander Chile : Monthly Financial Summary December 2020

BANCO SANTANDER-CHILE AND SUBSIDIARIES

CONSOLIDATED FINANCIAL INFORMATION

As of December 31, 2020

The principal balances and results accumulated for the period ending December 2020 (amounts in millions of Chilean pesos).

SUMMARIZED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION		SUMMARIZED CONSOLIDATED STATEMENTS OF INCOME FOR THE PERIOD

Principal assets	Ch$ million
Cash and deposits in banks	2,803,288
Interbank loans, net	18,920
Loans and accounts receivables from customers, net	33,413,429
Total investments	7,296,260
Financial derivative contracts	9,032,085
Other asset items	3,212,095
Total assets	55,776,077
Principal liabilities	Ch$ million
Deposits and other demand liabilities	14,560,893
Time deposits and other time liabilities	10,581,791
Financial derivative contracts	9,018,660
Issued debt instruments	8,204,177
Other liabilities items	9,757,957
Total equity	3,652,599
Total liabilities and Equity	55,776,077
Equity attributable to:
Equity holders of the Bank	3,567,916
Non-controlling interest	84,683

Operational results	Ch$ million
Net interest income	1,593,848
Net fee and commission income	267,278
Result from financial operations	141,585
Total operating income	2,002,711
Provision for loan losses	(511,073)
Support expenses	(768,546)
Other results	(69,406)
Income before tax	653,686
Income tax expense	(131,123)
Continued operations result	522,563
Discontinued operations result	-
Net income for the period	522,563
Attributable to:
Equity holders of the Bank	517,447
Non-controlling interest	5,116

As of December 31, 2020, Banco Santander-Chile has constituted additional provisions with a charge to results in the line Provision for loan losses of Ch$110,000 million (before taxes).

JONATHAN COVARRUBIAS H.	MIGUEL MATA HUERTA
Chief Accounting Officer	Chief Executive Officer

BANCO SANTANDER-CHILE Y AFILIADAS

INFORMACIÓN FINANCIERA CONSOLIDADA

Al 31 de diciembre de 2020

A continuación se presentan los principales saldos de balance y resultados acumulados por el periodo de cierre de mes de diciembre de 2020 (cifras en millones de pesos).

ESTADO DE SITUACIÓN FINANCIERA CONSOLIDADO RESUMIDO		ESTADO DE RESULTADOS CONSOLIDADO DEL PERIODO RESUMIDO

Principales rubros del activo

Efectivo y depósitos en bancos Adeudado por bancos

Créditos y cuentas por cobrar a clientes Inversiones totales

Contratos de derivados financieros Otros rubros del activo

Total Activos

Principales rubros del pasivo

Depósitos y otras obligaciones a la vista Depósitos y otras captaciones a plazo Contratos de derivados financieros Instrumentos de deuda emitidos Otros rubros del pasivo

Total patrimonio

Total Pasivos y Patrimonio

Patrimonio atribuible a:

Tenedores patrimoniales del Banco Interés no controlador

MM$		Resultados operacionales	MM$
2.803.288		Ingreso neto por intereses y reajustes	1.593.848
18.920		Ingreso neto de comisiones	267.278
33.413.429		Resultado de operaciones financieras	141.585
7.296.260		Total ingresos operacionales	2.002.711
9.032.085		Provisiones por riesgo de crédito	(511.073)
3.212.095		Gastos de apoyo	(768.546)
			Otros resultados	(69.406)
55.776.077
			Resultado antes de impuesto	653.686
MM$		Impuesto a la renta	(131.123)
14.560.893		Resultado de operaciones continuas	522.563
10.581.791		Resultado de operaciones discontinuas	-
9.018.660		Utilidad consolidada del periodo	522.563
8.204.177
9.757.957		Resultado atribuible a:
3.652.599		Tenedores patrimoniales del Banco	517.447
			Interés no controlador	5.116
55.776.077
3.567.916		Al 31 de diciembre de 2020, Banco Santander-Chile ha constituido provisiones
	adicionales con un cargo a resultados en el ítem Provisiones por riesgo de
84.683
	crédito por MM$110.000 (antes de impuestos).

JONATHAN COVARRUBIAS H.	MIGUEL MATA HUERTA
Gerente de Contabilidad	Gerente General

IMPORTANT NOTICE

The unaudited financial information has been prepared in accordance with the Compendium of Accounting Standards issued by the Financial Market Commission (FMC), formerly Superintendency of Banks and Financial Institutions (SBIF). The accounting principles issued by the FMC are substantially similar to IFRS but there are some exceptions. The FMC is the banking industry regulator according to article 2 of the General Banking Law, which by General Regulation establishes the accounting principles to be used by the banking industry. For those principles not covered by the Compendium of Accounting Standards banks can use generally accepted accounting principles issued by the Chilean Accountant's Association AG and which coincides with International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB). In the event that discrepancies exist between the accounting principles issued by the FMC (Compendium of Accounting Standards) and IFRS the Compendium of Accounting Standards will take precedence.

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