Report|2 Apr 2026

Banco Santander-Chile Surveillance Report

Company Profile

  • Headquartered in Santiago, Banco Santander-Chile (“San Chile”, “the bank”) is the largest bank in Chile, excluding operations of Chilean banks abroad, with over $75 billion in assets. The bank is 67% owned by Banco Santander S.A. (Santander), with the remainder held by local and foreign investors.
  • San Chile bank has leading franchises in retail banking, SMEs, and corporate non-lending activities as well as strong franchise in corporate lending. The bank provides a wide range of banking products and services throughout the country via a network of 231 branches (including 111 Work Café branches) and digital channels.
  • San Chile operates through four principal divisions: Retail Banking, Middle-Market, Corporate Investment Banking, and Wealth Management & Insurance. The bank’s revenue base is skewed towards retail businesses which focus on mid- to high-income individuals and larger SMEs. Net income is more balanced between retail and…
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