Group 1: Financial Results and Conference Call - Banco Santander Chile will hold a conference call-webcast on May 8, 2025, at 10:00 AM (EST) to discuss its 1Q 2025 financial results [1] - The Management Commentary report will be published on April 30, 2025, before the market opens, with a quiet period starting on April 15 [2] Group 2: Contact Information and Participation - Participants can join the conference call using various international dial-in numbers, with a participant passcode of 720987 [2] - For inquiries, contact Cristian Vicuña, Rowena Lambert, or Claudia Villalon at Banco Santander Chile [3] Group 3: Financial Metrics - As of December 31, 2024, Banco Santander Chile reported total assets of $68,458,933 million (US$68,865 million), total gross loans of $41,323,844 million (US$41,569 million), total deposits of $31,359,234 million (US$31,545 million), and shareholders' equity of $4,292,440 million (US$4,318 million) [4] - The BIS capital ratio was 17.1%, with a core capital ratio of 10.5% as of December 31, 2024 [5] - The bank employs 8,757 people and operates 236 branches throughout Chile [5] Group 4: Credit Ratings - Banco Santander Chile holds various credit ratings: A2 from Moody's, A- from Standard and Poor's, A+ from Japan Credit Rating Agency, AA- from HR Ratings, and A from KBRA, all with a Stable Outlook [3]

Banco Santander Chile Management Commentary 4Q24 As of December 31, 2024 Important information Banco Santander Chile cautions that this document contains forward looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995. These forward looking statements are found in various places throughout this presentation and include, without limitation, statements concerning our future business development and economic performance. While these forward looking statements represent ...

SANTIAGO, Chile, Feb. 28, 2025 (GLOBE NEWSWIRE) -- Banco Santander Chile ("Santander Chile" or the "Company") (NYSE:BSAC, SSE: Bsantander)) announced today that its Annual Report on Form 20-F for the fiscal year ended December 31, 2024 (the "2024 Annual Report") has been filed with the U.S. Securities and Exchange Commission (the "SEC"). The 2024 Annual Report can be accessed either by visiting the SEC's website at www.sec.gov or Santander Chile's corporate website at www.santander.cl. In addition, sharehol ...

Cybersecurity and Data Risks - The company faces significant risks from cyber-attacks on critical infrastructure, which could negatively impact its ability to service customers [128]. - If the company or its third-party vendors experience data breaches, it may incur substantial costs, including remediation costs and reputational damage, potentially affecting customer retention [129]. - The company relies on third-party vendors for essential services, which poses operational and regulatory risks, including potential service outages and security breaches [135]. Artificial Intelligence and Operational Efficiency - The company is integrating artificial intelligence (AI) and machine learning (ML) technologies across various operations, including fraud detection and risk management, to enhance efficiency [133]. - There are inherent risks associated with AI usage, including potential flaws in algorithms and legal challenges, which could adversely affect operational efficiency and brand reputation [134]. Credit Ratings and Financial Stability - Credit ratings are crucial for the company's funding costs; any downgrade in Chile's sovereign debt could lead to a similar downgrade for the company, increasing borrowing costs [144]. - Moody's maintained an A2 credit rating for Chile, while S&P changed its outlook from negative to positive, which could influence the company's credit rating [144]. - A downgrade in credit ratings could limit access to capital markets and adversely affect the company's commercial business and liquidity [146]. Reputational and Legal Risks - The company is exposed to reputational risks from various sources, including employee misconduct and negative media coverage, which could impact customer and investor confidence [138]. - The company must manage potential conflicts of interest effectively to avoid litigation and maintain client trust, which is critical for its financial health [141]. - The bank faces risks from legal and regulatory proceedings, with increased scrutiny leading to potential monetary judgments and enforcement actions [211]. Asset Quality and Loan Performance - The ratio of non-performing loans to total loans at amortized cost increased to 3.17% as of December 31, 2024, compared to 2.26% as of December 31, 2023, primarily due to increased risk in commercial and consumer loans [156]. - The allowance for expected credit losses for loans classified as financial assets at amortized cost was Ch$1,192,690 million, with a ratio of 2.89% to total loans at amortized cost as of December 31, 2024 [156]. - The deterioration in asset quality is concentrated in the construction and agricultural sectors, particularly affecting SMEs [156]. Liquidity and Funding Risks - Liquidity risk is heightened by over-reliance on specific funding sources and market-wide phenomena, which could adversely affect the company's operations [176]. - As of December 31, 2024, 98.4% of customer deposits had remaining maturities of one year or less or were payable on demand, indicating a reliance on short-term funding [179]. - Time deposits represented 25.0% and 22.8% of total liabilities and equity as of December 31, 2024 and 2023, respectively [179]. Economic Environment and Regulatory Changes - Chile's economy contracted by 6.1% in 2020 due to the COVID-19 pandemic, with growth slowing to 0.2% in 2023 amid high inflation and interest rates [216]. - The corporate income tax rate in Chile increased to 27% in 2018, with a new tax reform approved in October 2024 aimed at increasing tax revenues by 1.5% of GDP [223]. - The Chilean banking sector is subject to evolving regulations that may increase compliance costs and limit business opportunities [198]. Banking Operations and Market Position - The company is the largest bank in Chile in terms of loans and the second largest in terms of total deposits [271]. - The company offers a wide range of commercial and retail banking services, including mortgage financing and financial advisory services [272]. - Santander-Chile achieved a market share of 17.2% in deposits, ranking second among banks in Chile [303]. Financial Performance and Metrics - For the year ended December 31, 2024, Santander-Chile reported total loans and accounts receivable of Ch$41,323,844 million and net income of Ch$859,850 million [287]. - The efficiency ratio of Santander-Chile was 39.0% as of December 31, 2024, making it the second most efficient bank in its peer group [309]. - The return on equity for Santander-Chile was 19.7% as of December 31, 2024, positioning it as the second most profitable bank in its peer group [314]. Shareholder and Governance Structure - The controlling shareholder, Santander Spain, holds 67.18% of the company's shares, significantly influencing corporate governance [239]. - The company's common stock is traded on the Santiago Stock Exchange, with approximately 32.8% of outstanding shares held by the public [242]. - The company is governed by Chilean corporate law, which may provide fewer rights to shareholders compared to other jurisdictions [249].

Banco Santander Chile February 7, 2025 2 2| Balance sheet and results 3| Conclusions 4| Annexes 6 7 1| Strategy 2023-2026 3| Conclusions 4| Annexes 9 | | 2024 | 2024 Targets | | | --- | --- | --- | --- | | Loan Growth | 4% (excluding effects from Bansa and Generate to | Mid single digit growth | | | | distribute model) | | | | NIM | 3.6% | 3.4% - 3.5% | > | | Fees | 9% YoY | High Single Digit growth | | | Efficiency | 39% | High 30%s | | | CoR | 1.29% | ~1.3% | > | | ROAE | 20.2% | 18% - 19% | | 10 | | 1Q24 ...

SANTIAGO, Chile, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC) announces that Mr. Andrés Trautmann Buc will take over as CEO and Country Head, replacing Mr. Román Blanco Reinosa. This change will occur on July 1, 2025 and, until then, Mr. Blanco will remain as the bank's CEO, while Mr. Trautmann will continue to lead the Executive Vice President of Santander Corporate & Investment Banking (CIB). Mr. Trautmann, a commercial engineer from Universidad de Chile, has a distinguished career ...

SANTIAGO, Chile, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its results1 for the twelve-month period ended December 31, 2024, and fourth quarter 2024 (4Q24). Strong Financial Performance with ROAE2 of 26.0% in 4Q243 and 20.2% in 12M244. As of December 31, 2024, the Bank's net income attributable to shareholders totaled $858 billion ($4.55 per share and US$1.83 per ADR), marking a 72.8% increase compared to the same period of the previous year and wi ...

SANTIAGO, Chile, Jan. 13, 2025 (GLOBE NEWSWIRE) -- You are cordially invited to participate in Banco Santander Chile's (NYSE: BSAC) conference call-webcast on Friday, February 7, 2025, at 11.00 AM (EST time) where we will discuss 4Q 2024 financial results. The Bank's Officers participating in the conference call are: Patricia Pérez, CFO, Cristian Vicuña, Chief Strategy Officer & Head of IR and Andrés Sansone, Chief Economist. A question and answer session will follow the presentation. The Management Comment ...

SANTIAGO, Chile, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC) announced Patricia Pérez as its new Chief Financial Officer (CFO), also becoming the first woman to hold this position in the local subsidiary. Patricia is an engineer in Information and Management Control from the University of Chile and holds a master's degree in Financial Management from the Adolfo Ibáñez University. Throughout her 18 years of experience in the Group, she has held different roles within the organizatio ...

Core Insights - The article compares Banco Santander-Chile (BSAC) and Mizuho (MFG) to determine which stock is more attractive to value investors [1][3]. Valuation Metrics - BSAC has a forward P/E ratio of 10.73, while MFG has a forward P/E of 11.12 [5]. - BSAC's PEG ratio is 0.41, indicating a better expected earnings growth rate compared to MFG's PEG ratio of 0.80 [5]. - BSAC's P/B ratio is 1.97, significantly lower than MFG's P/B of 7.94, suggesting BSAC is undervalued relative to its book value [6]. Earnings Outlook - BSAC is currently experiencing an improving earnings outlook, which enhances its attractiveness in the Zacks Rank model [7]. - BSAC holds a Zacks Rank of 2 (Buy), indicating a stronger improvement in its earnings outlook compared to MFG, which has a Zacks Rank of 3 (Hold) [3][7]. Value Grades - Based on the valuation metrics, BSAC has earned a Value grade of B, while MFG has a Value grade of C, further supporting BSAC's position as the superior value option [6].