Banco Santander Chile Announces First Quarter 2007 Earnings.(Financial report)

PR Newswire Europe, May, 2007

SANTIAGO, Chile, May 3 /PRNewswire/ --

 
 
    - In the first quarter of 2007 net income totaled Ch$72,189 million 
      (Ch$0.38 per share and US$0.74/ADR), increasing 12.0% YoY and 18.6% 
      QoQ. 
 
    - Better earnings mix enhances margins. Net interest income increased 
      23.8% YoY. Net interest margin expanded 50 basis points to 4.4% in 1Q 
      2007 compared to 1Q 2006 and 40 basis points compared to 4Q 2006. 
 
    - Net fee income increased 17.7% YoY in 1Q 2007 driven by a rise in 
      clients, cross selling and product usage. 
 
    - Solid growth of client base and distribution network. The total number 
      of clients increased 12.0% YoY to 2.52 million and the Bank opened 13 
      new branches in 1Q 2007, expanding its branch network to 410...

            
        
    
    	    
                
                
	

		

					 
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