Banco Santander Chile : Monthly Financial Summary November 2020

BANCO SANTANDER-CHILE AND SUBSIDIARIES

CONSOLIDATED FINANCIAL INFORMATION

As of November 30, 2020

The principal balances and results accumulated for the period ending November 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	2,329,566
Interbank loans, net	5,217
Loans and accounts receivables from customers, net	33,731,871
Total investments	6,230,872
Financial derivative contracts	9,060,103
Other asset items	3,567,719
Total assets	54,925,348
Principal liabilities	Ch$ million
Deposits and other demand liabilities	13,904,246
Time deposits and other time liabilities	10,972,959
Financial derivative contracts	8,897,449
Issued debt instruments	8,380,523
Other liabilities items	9,196,672
Total equity	3,573,499
Total liabilities and Equity	54,925,348
Equity attributable to:
Equity holders of the Bank	3,489,817
Non-controlling interest	83,682

Operational results	Ch$ million
Net interest income	1,453,355
Net fee and commission income	241,757
Result from financial operations	139,395
Total operating income	1,834,507
Provision for loan losses	(474,670)
Support expenses	(703,181)
Other results	(64,942)
Income before tax	591,714
Income tax expense	(124,953)
Continued operations result	466,761
Discontinued operations result	-
Net income for the period	466,761
Attributable to:
Equity holders of the Bank	462,541
Non-controlling interest	4,220

As of November 30, 2020, Banco Santander-Chile has constituted additional provisions with a charge to results in the line Provision for loan losses of Ch$85,000 million (before taxes).

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

BANCO SANTANDER-CHILE Y AFILIADAS

INFORMACIÓN FINANCIERA CONSOLIDADA

Al 30 de noviembre de 2020

A continuación se presentan los principales saldos de balance y resultados acumulados por el periodo de cierre de mes de noviembre 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$
2.329.566		Ingreso neto por intereses y reajustes	1.453.355
5.217		Ingreso neto de comisiones	241.757
33.731.871		Resultado de operaciones financieras	139.395
6.230.872		Total ingresos operacionales	1.834.507
9.060.103		Provisiones por riesgo de crédito	(474.670)
3.567.719		Gastos de apoyo	(703.181)
			Otros resultados	(64.942)
54.925.348
			Resultado antes de impuesto	591.714
MM$		Impuesto a la renta	(124.953)
13.904.246		Resultado de operaciones continuas	466.761
10.972.959		Resultado de operaciones discontinuas	-
8.897.449		Utilidad consolidada del periodo	466.761
8.380.523
9.196.672		Resultado atribuible a:
3.573.499		Tenedores patrimoniales del Banco	462.541
			Interés no controlador	4.220
54.925.348
3.489.817		Al 30 de noviembre de 2020, Banco Santander-Chile ha constituido provisiones
	adicionales con un cargo a resultados en el ítem Provisiones por riesgo de
83.682
	crédito por MM$85.000 (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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