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Article: Banco Santander Chile Announces Third Quarter 1997 Financial Results
- Article from:
- PR Newswire
- Article date:
- October 23, 1997
CopyrightCOPYRIGHT 1997 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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-- Net income totaled Ch$8,849 million (Ch$0.35/share or US$0.19/ADR) an
increase of 48.4% compared to the second quarter 1997. This figure
shows an important turnaround since the completion of the merger on
June 30, 1997.
-- In comparison to the third quarter of 1996 net income increased
49.0% and net operating income increased 60.2%. Fee income grew
21.3% and operating expenses decreased 18.2% as a result of the Bank's