Santander Chile extends branch opening hours until 6pm
December 26 2017 - 6:00PM
December 26, 2017, Santiago, Banco
Santander Chile (NYSE: BSAC, SSE: Bsantander) announced that it has
decided to extend its branch hours throughout Chile until 6:00 pm,
becoming the only bank in the local market to do so. Traditionally
banks in Chile close at 2pm. Tellers will continue operating from
9am to 2pm, but all other client activities will be also available
from 3:30 pm to 6:00 pm, except on Fridays.
"We are the only large bank in
Chile that will attend in these hours and we do it because our
clients value this highly. We have received very positive feedback
from WorkCafé branch clients. These branches have been open until
6pm since last year", stated the Director of Retail Banking, Matías
Sánchez.
This decision by Santander Chile
is part of a plan that involves a series of changes, innovations
and openings in the fourth quarter, as the Bank prepares itself for
what should be a higher growth period in 2018, especially in retail
banking.
In the quarter, the Bank
accelerated the WorkCafé opening plan by opening 13 in 4Q17
bringing the total to 20. Another 20 should be opened in 2018.
Additionally, in October of this
year, Santander Chile launched its Digital Onboarding platform,
whereby non-clients can become clients through the APP or website
in a few minutes. The Bank's information systems are now linked to
various public databases and, therefore, with a few simple
questions the Bank can check a new client's identity, credit
history and income level simply using Touch ID technology on a
smartphone. These technological developments help to reduce the
costs of opening a new account and also assure quick and
trustworthy verification of the risk associated with a potential
client.
Last week, the Bank launched
Santander Life, our new business model for the mass consumer
market. This unprecedented initiative represents a new way of
relating to the community and customers through a new generation of
digital products designed for the mass consumer market that rewards
positive credit behavior. The most innovative aspect of Santander
Life is the Meritolife Program, the first
program in Chile in which a bank rewards clients for positive
behavior. As customers meet their financial obligations on
time, they accumulate "Merits" that allow them to access exclusive
recognitions such as; more interest-free installments, discounts on
interest rates, as well as flexibility for the payment of credit
installments, among other benefits.
Banco Santander Chile is the
largest Bank in Chile in terms of assets and loans. As of September
30, 2017, we had total assets of Ch$35,152,715 million (U.S.$54,999
million), outstanding loans, net of allowances for loan losses of
Ch$26,952,564 million (U.S.$42,169 million), total deposits of
Ch$19,862,372 million (U.S.$31,076 million) and equity of
Ch$3,018,381 million (U.S.$4,722 million). Our headquarters are
located in Santiago and we operate in every major region of Chile.
Our long-term credit risk rating were Aa3 by Moody's, A Fitch and A
Standard & Poor's.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions 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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