Banco Santander Chile ADR

BSAC: XNYS (USA)
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Banco Santander Chile Earnings: Weak Revenue as Commercial Lending Remains Pressured

Banco Santander Chile reported soft third-quarter results, with net revenue shrinking 1.5% from last year and net income falling 4.2% to CLP 237.1 billion. Profitability was also muted, with a 19.1% return on average equity, below the bank’s full-year target of 24% or higher.

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