Santander Reports that the Majority of its Offices, Branches and Remote Access Channels Are Functioning
Regional managers of the financial institution have been authorized to grant special financing to clients who have been affected by the catastrophe
Credit cards will have zero payment in March.
SANTIAGO, Chile, March 1 /PRNewswire/ -- Banco Santander indicated that most of its offices, branches and remote access channels are functioning normally throughout the country, except in the regions of Maule and Bio-Bio. Details concerning each one of the branches and the entire aid plan activated by Santander can be found at: www.santander.cl.
Banco Santander also announced that it will defer the payment of fees and dividends to its clients as of now, and has announced a special aid plan to support victims of the earthquake.
"Our sole priority at this time is the victims of the earthquake, in particular our clients and employees in the regions of Maule and Bio-Bio, who have been most affected by this terrible catastrophe," said Claudio Melandri, general manager of Banco Santander.
"We have authorized our executives, especially in the regions that have been most affected, to provide fast and effective solutions to those who have been hardest hit by this catastrophe," added Melandri.
Santander Chile (NYSE: SAN and BCS: Bsantander) is the largest bank in Chile, with US$40,000 million in assets. At the close of 2009 the Bank maintained a Basel ratio of 15.6% with a Tier I of 11.7%. Banco Santander Chile is one of the companies with the best risk ratings in the Region, with an A+ from Standard & Poor's and Fitch, and A1 from Moody's.
Contact:
Robert Moreno
Manager of Investor Relations and Strategy
Banco Santander Chile
Bandera 140 Piso 19,
Santiago, Chile
Phone: (562) 320-8284
Fax: (562) 671-6554
Email: [email protected]
Website: www.santander.cl
SOURCE Banco Santander Chile
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