Santander Chile Achieves Strong Quarterly Growth

Banco Santander Chile (BSAC) has released an update.

Banco Santander Chile reports a striking 81.1% quarterly increase in net income attributable to shareholders, with a robust return on average equity (ROAE) of 20.7% for the second quarter of 2024. The bank’s performance was bolstered by a significant rise in operating income, driven by improved interest margins and other adjustments. Despite market and economic challenges, Santander Chile maintains solid capital levels with a BIS ratio of 17.4% and a CET1 ratio of 10.6%.

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