Banco Santander Chile celebrated its first remote Annual Shareholder’s Meeting
April 30 2020 - 4:56PM
Santander Chile had its Annual Shareholder’s Meeting today, held
remotely to minimize physical contact due to the COVID-19 spread.
Among the various topics that were voted on this year included the
Board of Director elections. The following directors were finally
elected: Claudio Melandri (also President of the Board and Country
Head), Alfonso Gómez (independent), Rodrigo Vergara (independent),
Félix de Vicente Mingo (independent), Orlando Poblete
(independent), Juan Pedro Santa María (independent), Ana Dorrego,
Rodrigo Echenique, and Lucia Santa Cruz. Additionally, Oscar von
Chrismar and Blanca Bustamente were elected as Alternate Directors.
Furthermore, the payment of dividend for Ch$0.87891310 per
share, equivalent to 30% of 2019 net income attributable to
shareholders was also approved. Based on the closing price of the
record date, the dividend yield amounted to 2.7%. The Board
recognizes Santander Chile’s solid capital levels and good credit
risk management, but as a measure of prudence decided to
temporarily reduce payout until there is greater clarity regarding
the evolution of global and local events and as a mechanism to
maintain credit growth to clients.
Additionally, it was decided to hire Feller Rate instead of ICR
Chile for the local ratings, given that the fee proposal of the
former company was more convenient than the latter company.
About Banco Santander
Banco Santander Chile is the largest bank in the Chilean market
in terms of loans and assets. As of March 31, 2020, the Bank had
total assets of Ch$ 59,310 billion, loans net of provisions of Ch$
33,435 billion, deposits of Ch$ 25,258 billion, and total equity of
Ch$ 3,574 billion. The BIS capital ratio as of March 2019 was
12.7%, with a core capital ratio of 9.7%. Banco Santander Chile is
one of the companies with the highest risk classifications in Latin
America with an A1 rating from Moody's, A from Fitch, A from
Standard and Poor's, and A+ from Japan Credit Rating Agency.
CONTACT INFORMATIONRobert MorenoInvestor
RelationsBanco Santander ChileBandera 140, Floor 20Santiago,
ChileTel: (562) 2320-8284Email:
irelations@santander.cl Website: www.santander.cl
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