Best Bank − Chile: Banco Santander
Outstripping the Population
Chile’s Santander, the country’s biggest deposit-taking bank, has seen its client base jump to three million people, an increase of 40% during the past three years. It has a network of 2,016 ATMs and 468 branches, the biggest reach in the country, according to the bank. Its total deposits amounted to $22.3 billion at the end of June.
Santander in Chile is the most important banking
franchise in the country, boasts Raimundo Monge, director
of corporate and financial strategy at the bank. It has
the largest proportion of the market in terms of loans,
deposits and capital; whats more, it has the highest
profitability and efficiency level in the industry. As of
June, deposits were up 16.6% and the loan base had expanded by
19.1% year-on-year, Monge adds.In 2007, the bank had an ROA of
1.9% and an ROE of 23.4%, against an ROA of 1.9%...
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