Best Bank − Chile: Banco Santander

Best Bank − Chile: Banco Santander

Chile

“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; what’s 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% and an ROE of 24.8% in 2006. The bank has played an important role in pushing the use of current accounts in the country. “To achieve this, we hav

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