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Banco Santiago poised to outperform.(Chilean banking industry)(Brief Article)(Statistical Data Included)
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America's Insider
- Article date:
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August 23, 2001
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Copyright informationCOPYRIGHT 2001 Darien Gap 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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The Chilean banking sector performed strongly in the second quarter, with net income rising by 92% year-on-year in constant peso terms, and return on equity in the sector rising to 15%. Out of all these stocks, Banco Santiago looks to be the strongest pick, with its results outperforming its rivals in almost all areas. Although second half results should be lower - as the economy slows and regional problems spill over - its ...
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Chile: BSCH negotiates divestiture in Banco Santiago.
South American Business Information;
July 16, 1999 ;
117 words
......negotiating with BSCH the selling off Banco Santiago or the Santander bank, as a way to reduce its 30 % share in the Chilean banking sector. One of the issues being...the 35, 45% share held by Banco in Banco Santiago, through a public tender or a private...Product: Banking ...
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Long shadow of uncertainty.(Chilean banking at a crossroads)(Industry...
The Banker;
October 1, 1999 ;
Taylor, Robert;
787 words
...The rebirth of Chilean banking will not happen without...but the rebirth of Chilean banking will not come without...pioneers, including Banco Santander Central...top commercial bank, Banco Santiago, will close the books...Santander Chile and Banco Santiago - now ...
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Banco Santander to merge with Banco Santiago.
South American Business Information;
April 22, 2002 ;
96 words
......BSCH made a double move in the Chilean banking by acquiring the 35,4% stake from the Central Bank in Banco Santiago paying US$684mil, and announcing...Santander on which it has 90% and Banco Santiago banks (78,95% control). The bank...
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Chile: Banco Santiago led profits ranking until November.
South American Business Information;
December 27, 2000 ;
174 words
...The Chilean banking institutions generated profits of...The profits ranking was led by Banco Santiago between January and last month...Product: Commercial Banks Company: Banco Santiago ; Banco Chile ; Santander ; BBVA...
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Banks' efficiency increases thanks to 'mega-mergers'.
South American Business Information;
August 18, 2003 ;
87 words
......2003 (El Mercurio/SABI via COMTEX) The efficiency of the Chilean banking system has improved significantly over the last few years...between Banco de Chile and Edwards and Banco Santander and Banco Santiago. The medium-sized banks, however, which have a combined...
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Santander to sell banking assets.
South American Business Information;
May 20, 2002 ;
108 words
......May 16, 2002 BSCH has decided to shrink its share in the Chilean banking market from 27% to 20%, and will start selling assets worth...will be tied to the change in the brands of Santander and Banco Santiago, to be unified under the umbrella of BSCH, while Santiago...
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S&P Revises Banco Santiago Outlook to Stable; Affirms Ratings.
PR Newswire;
November 5, 1998 ;
433 words
......Poor's today revised its outlook on Banco Santiago's counterparty ratings to stable from...acquired banks is lower than that of Banco Santiago, upon integration Standard & Poor...integration process should be smooth because Banco Santiago is already familiar with each ...
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ANALYSIS: BANCO SANTIAGO STAKE FOR SALE
United Press International;
March 22, 2002 ;
658 words
...00-00-0000 Analysis: Banco Santiago stake for sale...percent share of Banco Santiago, speculation...package in the Banco Santiago. The Central...SEC approved Banco Santiago's March 11 presentation...document compliance. Banco Santiago's presentation...1,039 ...
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StreetFusion to Webcast Banco Santiago's Quarterly Earnings Conference...
PR Newswire;
January 31, 2000 ;
301 words
......FRANCISCO, Jan. 31 /PRNewswire/ -- Banco Santiago (NYSE: SAN) will provide both a live...announced today. The live webcast of Banco Santiago's quarterly conference call will be...immediately and continue through February 29. Banco Santiago, created by the merger of Banco de...
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Analysis: Banco Santiago stake for sale.
United Press International;
March 22, 2002 ;
659 words
......percent share of Banco Santiago, speculation abounds...package in the Banco Santiago. The Central Bank...The SEC approved Banco Santiago's March 11 presentation...document compliance. Banco Santiago's presentation...represents 1,039 regular Banco Santiago ...
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Chilean central bank to sell stake in Banco Santiago.
South American Business Information;
November 10, 1999 ;
113 words
......the prompt sale of its 35.45% stake in Banco Santiago. So far in 1999, Banco Santiago's stock price rose 57.8%. Besides, the...Goldman Sachs. BSCH holds a 43,4% stake in Banco Santiago, whose stocks closed at Pesos$10.4 per...
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Chilean central bank to sell stake in Banco Santiago until.
South American Business Information;
August 24, 1999 ;
122 words
......the sale of its 35.4% stake in Banco Santiago. The sale through public offerwill be advised by Goldman Sachs. Banco Santiago's market value is estimated...also sold its 43.5% stake in Banco Santiago. Source: El Diario Page: 2 Date...
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Chile: BSCH takes over Banco Santiago.
South American Business Information;
May 20, 1999 ;
159 words
......Central Hispano) for a 35,4% stake in Banco Santiago was accepted by the Central Bank, putting...Chile. Currently BSCH controls 43,5% of Banco Santiago and will now have 78,9% of it. The...the two largest banks in Chile, the Banco Santiago and Banco Santander Chile that account...
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Banco Santiago launches first peso-denominated American Express Card in...
M2 Presswire;
August 11, 2000 ;
787 words
......PRESSWIRE-11 August 2000-AMERICAN EXPRESS: Banco Santiago launches first peso-denominated American...COMMUNICATIONS LTD RDATE:10082000 SANTIAGO -- Banco Santiago and American Express today announced...Chilean peso, the cards are issued by Banco Santiago and accepted on the American ...
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Chile: Banco Santiago to invest US$60mil.
South American Business Information;
May 15, 2000 ;
109 words
...The Chilean bank Banco Santiago will invest US$60mil in technology...per month. On the other hand, Banco Santiago will start operating with American...Product: Commercial Banks Company: Banco Santiago Event: Strategy and Planning SABI...
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