Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Santiago Stock Exchange  >  Banco Santander-Chile    BSANTANDER   CLP1506A1070


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Santander Chile holds digital talk showcasing digital banking initiatives to the market

11/19/2020 | 12:02pm EST

SANTIAGO, Chile, Nov. 19, 2020 (GLOBE NEWSWIRE) -- Today, November 19, 2020, Banco Santander Chile held a virtual digital talk for investors with the participation of Claudio Melandri, the President, and Miguel Mata, the CEO.

Claudio Melandri introduced this encounter to showcase the powerful advances of the Bank emphasizing, “We have been working on this cultural and digital transformation for years to position ourselves as the best bank in Chile, with some astonishing growth rates that foster optimism for the future.”

Miguel Mata showed the results of the efforts so far with over 35% of the market of digital clients among private banks in Chile and the net opening of more accounts that the rest of the Chilean system combined this year thanks to the successful digital on boarding process and the game changer that Santander Life has been.

Santander Chile is currently completing the 2019-2021 investment plan of US$360 million which has involved heavy investing in IT and cybersecurity to reach global standards. Miguel Mata also announced that in the next phase of 2021- 2023 the Bank plans to invest a total of around US$ 250 million to propel the Bank’s strategy.

The Bank put emphasis on its dual pronged digital strategy: “Run the Bank” and “Change the Bank”. Run the Bank is centered on the consumer with a phygital distribution model and a value-added offer based on what people wish to achieve. The objectives of “Run the Bank” are to maintain a high level of consumer satisfaction, to increase the productivity of all channels, and to be more efficient and profitable.

Here the Bank placed focused on two initiatives; Santander Life and WorkCafé. Santander Life is a product that recognizes the client’s good financial behavior through a merit and benefits program with over 300,000 clients in just a few months. The WorkCafé is one of our greatest innovations in the financial industry not only locally, but also globally. It is an inclusive business model (for clients and non-clients) that seeks to help people prosper, start a business and innovate without asking anything in exchange. In 2020 Banco Santander will end the year with 60 WorkCafé branches in Chile with these branches providing a 15% reduction in cost-to-income compared to traditional branches. It is also a digital platform, the WorkCafé Community, which is aimed at helping people and SMEs to start over. The Community already has more than 100,000 members and more than 1,200 entrepreneurs are using it as a showcase to boost their sales.

The concept of “Change the Bank” seeks to transform the Bank into a platform that, taking advantage of the high market share, develops a technological platform with high digital engagement of our clients, allowing them to use the bank as a channel or as a software provider to develop businesses. This can be achieved due to investments made in API, Cloud, Devops and service technologies that allow for greater agility and flexibility.

Here the Bank the focuses on the advantage of the relationship with Grupo Santander being able to leverage on global projects such as Fénix 21 which will develop three vertical solutions that can be exported or have been exported to Chile:

1- Solutions for consumers

2- Solutions for international trade and international transfers

3- Solutions for businesses, Getnet's global expansion.

Some examples of the success are the development of projects such as Superdigital, Klare, Autocompara, One Pay Fx, and Getnet.

Banco Santander Chile is the largest bank in the Chilean market in terms of loans and assets. As of September 30, 2020, the Bank had total assets of US$ 72.9 billion, loans net of provisions of US$ 43.2 billion, deposits of US$ 32.7 billion, and total equity of US$ 4.8 billion. The BIS capital ratio as of September 30, 2020 was 15.1%, with a core capital ratio of 10.7%. Banco Santander Chile is one of the companies with the highest risk classifications in Latin America with an A1 rating from Moody's, A- from Fitch, A from Standard and Poor's, and A+ from Japan Credit Rating Agency.

Robert Moreno
Investor Relations
Banco Santander Chile
Bandera 140, Floor 20
Santiago, Chile
Tel: (562) 2320-8284
Email: irelations@santander.cl
Website: www.santander.cl 

Primary Logo

© GlobeNewswire 2020
01/13BANCO SANTANDER CHILE : Monthly Financial Summary December 2020
01/12BANCO SANTANDER CHILE : Fitch Affirms and Withdraws Banco Santander Chile's Rati..
01/07BANCO SANTANDER CHILE : Goldman Sachs Conference 2021 Presentation
2020Banco Santander-Chile Announces Fourth Quarter 2020 Analyst and Investor Webc..
2020Santander launches Tienda.Santander.cl, a new and innovative digital marketpl..
2020BANCO SANTANDER CHILE : Monthly Financial Summary November 2020
2020BANCO SANTANDER CHILE : Equity Presentation November 2020
2020BANCO SANTANDER-CHILE : Ex-dividend day for extraordinary dividend
2020Santander Chile holds digital talk showcasing digital banking initiatives to ..
2020BANCO SANTANDER CHILE : Santander Chile holds digital talk showcasing digital ba..
More news
Sales 2020 2 014 B 2 770 M 2 770 M
Net income 2020 448 B 616 M 616 M
Net Debt 2020 - - -
P/E ratio 2020 15,4x
Yield 2020 3,46%
Capitalization 7 161 B 9 836 M 9 846 M
Capi. / Sales 2020 3,56x
Capi. / Sales 2021 3,36x
Nbr of Employees 11 200
Free-Float 32,7%
Duration : Period :
Banco Santander-Chile Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BANCO SANTANDER-CHILE
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 42,33 CLP
Last Close Price 38,00 CLP
Spread / Highest target 31,6%
Spread / Average Target 11,4%
Spread / Lowest Target -13,2%
EPS Revisions
Managers and Directors
Miguel Mata Huerta Chief Executive Officer
Claudio Melandri Hinojosa Executive Chairman
Ricardo Bartel Director-Technology & Operations
Emiliano Muratore Raccio Chief Financial Officer
Lucía Santa Cruz Sutil Director
Sector and Competitors