Santander Chile Becoming More Positive on the Country's Economy
Narrow-moat Santander Chile may have found its footing in the first quarter after recent pressure on net interest margins and slower loan growth. For the quarter, Santander Chile earned CLP 151 in the first quarter of the year. This quarter’s earnings represent a 12% increase from the previous quarter and a 6% increase from the first quarter of last year. While the bank saw healthy loan growth during the period, commission and fee income was the biggest contributor to this quarter’s improved res...
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