Banco Santander Chile Announces Full-year and Fourth Quarter 2007 Earnings.(Financial report)
PR Newswire Europe, February, 2008
SANTIAGO, Chile, February 8 /PRNewswire/ --
Banco Santander Chile (NYSE: SAN; SSE: Bsantander) announced today its unaudited results for the fourth quarter and full-year 2007. These results are reported on a consolidated basis in accordance with Chilean GAAP(1),(2) in nominal Chilean pesos.
HIGHLIGHTS
-- In 4Q 2007 net income increased 16.3% YoY, totaling Ch$70,775 million
(Ch$0.38 per share and US$0.79/ADR). Compared to 3Q 2007, net income
was down 16.9% mainly as a result of lower inflation and trading
gains.
-- High quality of earnings: Core revenues up 50.8% YoY in 4Q 2007:
-- Net interest income increases 59.9% YoY. Net interest margin
reaches 5.9% as the better asset and liability mix and...
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