Banco Santander-Chile opens 40th Work Café in Chile
December 21 2018 - 1:06PM
Santiago, December 21, 2018
Santander is pleased to announce the opening of
our 40th Work Café in
Chile with the opening of a Work Café in Puerto Varas. This
fulfills the Bank's target of opening a total 40 branches in
this innovative style by the end of 2018. The Work Café
branches are a creation of the Santander Chile team, first
launching at the end of 2016.
WorkCafé branches are a space for clients and
non-clients to come into the Bank to work, have a coffee, and hold
a meeting or request banking advice from an account executive if
they choose. These branches are highly technological with no back-
office or human tellers. Today at a traditional branch the ratio
between sales and administrative personnel is 1 to 1. At Work Cafés
this relationship is 3:1 leading to more productive branches.
The Work Cafés are visually attractive and have become a
meeting point for businessmen, entrepreneurs and students, since
anyone can enter and wifi is offered free. Clients can make
presentations to their clients or suppliers or stop in to hear one
of our economists give a talk. We host a radio talk show in one of
the Work Cafés where they touch topics on entrepreneurship,
innovation, economy and initiatives that give back to the
community.
The concept of the Work Café is being exported to
other countries of the Santander Group with pilot branches already
open in Spain, Argentina and Brazil.
About Banco Santander
Banco Santander Chile is the largest Bank in the
Chilean market in terms of assets, loans and equity. As of
September 30, 2018, we had total assets of Ch$38,026 billion
(U.S.$57.9 billion), outstanding loans net of allowances for loan
losses of Ch$29,168 billion (U.S.$44.4 billion), total deposits of
Ch$20,762 billion (U.S.$ 31.6 billion) and equity of Ch$3,129
billion (U.S.$4.8 billion). Our BIS ratio up to September 2018 was
13.0%, with a core capital ratio of 10.2%. Our long-term credit
risk rating are A1 by Moody's, A Fitch and A Standard &
Poor's.
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Banco Santander-Chile via Globenewswire
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