Banco Santander Chile ADR

BSAC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$78.00	Bcmdbmz	Rykcsst

Banco Santander Chile Is Well Positioned to Compete in the Chilean Banking System

Michael Miller

Apr 4, 2023

Business Strategy and Outlook

Banco Santander Chile is the largest bank by assets in the Chilean market. This scale has afforded the bank the second-cheapest deposit base in the country, significantly contributing to Santander Chile’s impressive returns on equity, which are typically in the upper teens.

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