Best Bank - Chile
Santander Chile says its strength has come from growing selectively and increasing sales without expanding the client base too much, so that it can control risk.
"We focused a lot on
selective loan growth, especially to SMEs and also made a big
push to increase selling of products to existing clients," says
Robert Moreno, manager of the banks investor relations
Fitch upgraded the bank
in October to AA- (stable) from A+ to reflect potential support
from the Spanish parent given the Chilean units strategic
importance. The agency notes Santanders leading market
share in Chile and a track record of strong profitability,
healthy asset quality and good capital adequacy.
Santander Chile says it has a 20% market...
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