Chile is the country of the world where Santander has a greater market share, 20% of the total. With 485 offices, contributes 7% of total group profits. The contribution is similar to that of Mexico, whose population is seven times higher than in Chile, which shows the importance of the bank in the South American country since it was installed in 1978.
In these years marked several milestones. In 1984 he was the first entity that debuted with a network of ATMs and a decade later, in 1994, caused a great impact in the market with its product Superhipoteca . In eight months, doubled its turnover.
“deeply we feel the passing of our Chairman Emilio Botin” said Claudio Melandri, general manager and country head Banco Santander Chile. “Those who had the privilege of knowing and working with him, I always remember him as a wonderful man of great vision and a relentless passion for what they did.”
Booty had a close relationship with Chile and visited Santiago often. He had a tremendous appreciation for their institutional and economic stability, say in the company. It was a distant president. “I had a great affection for Chile,” said Melandri.
Chile is a country with a high level of banking and Santander is now the largest bank loans (39,000 million) and assets (50,000 million dollars). According to the company, has a ratio of core capital and 10.7% of the ratings higher risk of the region with an A + by Fitch, A by Standard and Poor’s and Aa3 Moody’s.
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