Banco Santiago Divides and Conquers

Banco Santiago Divides and Conquers

Carlos Olivo Banco Santiago's reign as Chile's largest bank recently ended with the merger of smaller rivals Banco de Chile and Banco de A. Edwards. But the rankings may shift again soon if Banco Santiago's controlling shareholder, Spain's Banco Santander Central Hispano (BSCH), decides to buy 100% of Santiago and integrate it into its other Chilean operation. In the meantime however, Banco Santiago stands out among its peers for its ability to improve financial performance in a challenging economic environment while at the same time preserving asset quality through sensible management. Despite a

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