Banco Santander Chile Signs US$300 million EMTN Program(1)

Apr 23, 2001, 01:00 ET from Banco Santander Chile

    SANTIAGO, Chile, April 23 /PRNewswire Interactive News Release/ -- Banco
 Santander Chile recently signed a European Medium Term Note Program for an
 amount of US$300 million. Under this program the Bank will be able to issue
 debt instruments in the European and U.S. markets (option 144a) financial
 instruments in a wide variety of currencies and maturities with fixed or
 floating rates. The program also allows the Bank to issue subordinated and
 senior bonds, as well as certificates of deposit. This program will be listed
 on the Luxembourg Stock Exchange. Standard & Poor's and Fitch rated the
 non-subordinated bonds of this program A-. The subordinated bonds of this
 program were rated A- by Standard & Poor's and BBB+ by Fitch. These ratings
 are revised each time the Bank performs an issue under the program.
     The Arranger of this program was Banco Santander Central Hispano and the
 dealers are BNP Paribas, Dresdner Kleinwort Aktiengesellschaft, JP Morgan
 Securities, Merrill Lynch International, Banco Santander Central Hispano and
 Santander Investment Limited.
     As of December 31, 2000, and according to the latest figures published by
 the SBIF, the Bank was the third largest private bank in Chile in terms of
 loans, had the largest customer base with over 1,000,000 customers and had the
 largest private distribution network with 181 branches and 456 ATMs.  The Bank
 has the highest credit ratings among all Latin American banks with a Baa1
 rating from Moody's and A- ratings from Standard & Poor's and Fitch, which are
 the same ratings assigned to the Republic of Chile. The Bank's principal
 shareholder is Santander Chile Holding, which directly and indirectly owns
 74.65% of Banco Santander Chile. Santander Chile Holding is the largest
 financial holding in Chile and is 99.19% owned by Banco Santander Central
 Hispano S.A. Apart from Banco Santander Chile, this holding company owns
 Chile's 5th largest pension fund management company and the 3rd largest life
 insurance Company.
     Banco Santander Central Hispano is the first financial services franchise
 in Latin America, with more than $110,000 million in assets and a 10% market
 share. With presence in 12 countries representing 98% of the region's GDP:
 Argentina, Bolivia, Brazil, Colombia, Chile, Mexico, Panama, Paraguay, Peru,
 Puerto Rico, Uruguay and Venezuela. The franchise comprises 17 banks,
 9 pension fund managers, 12 mutual funds, 10 insurance companies,
 12 brokerages and 9 leasing and factoring companies. In all, it has 23 million
 customers in the region and more than 4,600 offices.
     Banco Santander Central Hispano is the leading financial group in Spain
 and Latin America, the third largest by market capitalization in the Euro Zone
 and among the fifteenth largest in the world. BSCH offers a wide range of
 commercial and consumer banking services in Europe and Latin America,
 providing services to 36 million customers through more than 10,800 offices
 and 125,000 employees in 42 countries. As of December 31, 2000, it had more
 than US$324 billion in assets and US$407 billion in total managed funds.
     In addition to its leading role in Latin America, the Group has
 established important alliances in Europe with leading banks: The Royal Bank
 of Scotland in the UK, Societe Generale in France, San Paolo-IMI in Italy and
 Commerzbank in Germany. It also has subsidiaries in Germany and Portugal as
 well as offices in Africa, Asia and Australia.
 
     (1) No representation, warranty or undertaking (express or implied) is
 made and none has been given in relation to the information contained herein
 and no responsibility or liability is accepted by Banco Santander Chile or
 Banco Santander Central Hispano, S.A. as to the truth, accuracy or
 completeness at any time of this document.  This document should not be
 considered as a recommendation by Banco Santander Central Hispano, S.A. This
 document does not constitute an offer of, or an invitation to subscribe for or
 purchase, any notes or to make any other form of investment whatsoever.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X53566071
 
 

SOURCE Banco Santander Chile
    SANTIAGO, Chile, April 23 /PRNewswire Interactive News Release/ -- Banco
 Santander Chile recently signed a European Medium Term Note Program for an
 amount of US$300 million. Under this program the Bank will be able to issue
 debt instruments in the European and U.S. markets (option 144a) financial
 instruments in a wide variety of currencies and maturities with fixed or
 floating rates. The program also allows the Bank to issue subordinated and
 senior bonds, as well as certificates of deposit. This program will be listed
 on the Luxembourg Stock Exchange. Standard & Poor's and Fitch rated the
 non-subordinated bonds of this program A-. The subordinated bonds of this
 program were rated A- by Standard & Poor's and BBB+ by Fitch. These ratings
 are revised each time the Bank performs an issue under the program.
     The Arranger of this program was Banco Santander Central Hispano and the
 dealers are BNP Paribas, Dresdner Kleinwort Aktiengesellschaft, JP Morgan
 Securities, Merrill Lynch International, Banco Santander Central Hispano and
 Santander Investment Limited.
     As of December 31, 2000, and according to the latest figures published by
 the SBIF, the Bank was the third largest private bank in Chile in terms of
 loans, had the largest customer base with over 1,000,000 customers and had the
 largest private distribution network with 181 branches and 456 ATMs.  The Bank
 has the highest credit ratings among all Latin American banks with a Baa1
 rating from Moody's and A- ratings from Standard & Poor's and Fitch, which are
 the same ratings assigned to the Republic of Chile. The Bank's principal
 shareholder is Santander Chile Holding, which directly and indirectly owns
 74.65% of Banco Santander Chile. Santander Chile Holding is the largest
 financial holding in Chile and is 99.19% owned by Banco Santander Central
 Hispano S.A. Apart from Banco Santander Chile, this holding company owns
 Chile's 5th largest pension fund management company and the 3rd largest life
 insurance Company.
     Banco Santander Central Hispano is the first financial services franchise
 in Latin America, with more than $110,000 million in assets and a 10% market
 share. With presence in 12 countries representing 98% of the region's GDP:
 Argentina, Bolivia, Brazil, Colombia, Chile, Mexico, Panama, Paraguay, Peru,
 Puerto Rico, Uruguay and Venezuela. The franchise comprises 17 banks,
 9 pension fund managers, 12 mutual funds, 10 insurance companies,
 12 brokerages and 9 leasing and factoring companies. In all, it has 23 million
 customers in the region and more than 4,600 offices.
     Banco Santander Central Hispano is the leading financial group in Spain
 and Latin America, the third largest by market capitalization in the Euro Zone
 and among the fifteenth largest in the world. BSCH offers a wide range of
 commercial and consumer banking services in Europe and Latin America,
 providing services to 36 million customers through more than 10,800 offices
 and 125,000 employees in 42 countries. As of December 31, 2000, it had more
 than US$324 billion in assets and US$407 billion in total managed funds.
     In addition to its leading role in Latin America, the Group has
 established important alliances in Europe with leading banks: The Royal Bank
 of Scotland in the UK, Societe Generale in France, San Paolo-IMI in Italy and
 Commerzbank in Germany. It also has subsidiaries in Germany and Portugal as
 well as offices in Africa, Asia and Australia.
 
     (1) No representation, warranty or undertaking (express or implied) is
 made and none has been given in relation to the information contained herein
 and no responsibility or liability is accepted by Banco Santander Chile or
 Banco Santander Central Hispano, S.A. as to the truth, accuracy or
 completeness at any time of this document.  This document should not be
 considered as a recommendation by Banco Santander Central Hispano, S.A. This
 document does not constitute an offer of, or an invitation to subscribe for or
 purchase, any notes or to make any other form of investment whatsoever.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X53566071
 
 SOURCE  Banco Santander Chile