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Article: Banco Santander Chile and Almacenes Paris Announce a Commercial Strategic Alliance.
- Article from:
- PR Newswire
- Article date:
- November 19, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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-- Through this alliance, both the customers of Santander Chile, the largest bank in Chile, and Almacenes Paris, the third retailer in Chile, will have access to several innovative and exclusive benefits. -- The agreement includes the transfer of the financial assets and premises of the Santiago Express division of Banco Santander Chile to Almacenes Paris, and the transfer to Banco Santander Chile of the financial assets of Almacenes Paris' Prime (high-income) client portfolio. -- The Board of Directors of both entities approved the agreement, which will have a minimum term of five years.
Banco Santander Chile, the largest bank in Chile, and Almacenes Paris, the ...