Banco Santander-Chile: Announces Annual Shareholder's Meeting and Dividend Proposal
March 18 2020 - 5:42PM
The Board of Directors of Banco Santander Chile (NYSE: BSAC; SSE:
Bsantander) announced today that it has agreed to summon the annual
shareholders meeting on April 21, 2020. Among the items to be
submitted for shareholder vote will be the annual dividend proposal
of Ch$1.75782621 per share, corresponding to 60% of 2019 net income
attributable to shareholders. With this proposal, the current
dividend yield is 6.6%, considering the share price at the close of
the Chilean stock market today.
Banco Santander Chile is the largest Bank in
Chile in terms of assets, loans and equity. As of December 31,
2019, we had total assets of Ch$50,578,246 million (U.S.$67,675
million), outstanding loans net of allowances for loan losses of
Ch$31,823,735 million (U.S.$42,581 million), total deposits of
Ch$23,490,249 million (U.S.$ 31,431 million) and equity of
Ch$3,470,317 million (U.S.$4,643 million). As of December 31, 2019,
we employed 11,200 people and had a large private branch network in
Chile, with 377 branches. Our headquarters are located in Santiago
and we operate in every major region of Chile. Our long-term credit
risk rating were A1 by Moody's, A Fitch and A Standard &
Poor's.
CONTACT INFORMATION
Robert Moreno
Investor Relations
Banco Santander Chile
Bandera 140, Floor 20 Santiago, Chile
Tel: (562) 2320-8284
Email: irelations@santander.cl
Website: www.santander.cl
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